Admiral off-loading another 20 pubs
Admiral Taverns has placed another 20 pubs on the market, in the wake of 100 sites hitting the market last month.
Admiral: selling a further 20 pubs
The pubs have wide geographic spread and range in price from £100,000 — The Poets Corner, Liverpool — to £750,000 — The Gun at Pitsea, Essex).
Paramount managing director Mark Greig said: “Not all pubs which close down are redeveloped as housing. A lot of them reopen again as pubs or as other businesses.”
He added: “Falling property prices are creating tremendous bargains within the pub market for licensees and other entrepreneurs who know they can respond to the challenges facing the modern trade.
“There has never been a better time to buy a pub. To pick up a pub like this at such a price represents a terrific opportunity — for the right kind of publican."
Among the latest batch of pubs is the renowned Gloucester music venue The Welsh Harp has been put up for sale. The popular pub on London Road has won a lot of plaudits from music magazines and national media such as the BBC for its imaginative approach to gigs and music.
The Welsh Harp is now closed and on the market for £350,000.Admiral Taverns is understood to have around 230 pubs on the market.
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