- InnSpired Pub Company has announced plans to spend £2.3m on improving the quality of its 1,100 strong estate. The figure matches the sum it spent on the capital improvement schemes during 2002. The Wheatsheaf in Didcot is being refurbished at a cost of £115,000.
Seventeenth century pub the Exeter Arms is situated in Helpston, the 1999 Cambridgeshire Village of the Year. The property has a heavily beamed dining room with 30 covers, a public bar, games room, trade kitchen, outside detached bar, large beer garden and a children's play area with equipment and an animal run. The property is available for a leasehold price of £76,000. Fleurets is handling the sale. Call 01787 378050.
The Plumptre Arms in Nottingham has been sold by the Unique Pub Company. The property was available for a leasehold price of £85,000 and is situated at the corner of Bunbury Street and Muskham Street. The site is a detached two storey brick built property set under pitched tiled roofs. It also has a car park and small patio area. Druce Hotels and Leisure handled the sale.
The Faulkland Inn is 10 miles south of Bath in north Somerset. The site has a current turnover of £220,000 per annum with 55 per cent on wet sales and 45 on dry sales. The freehouse is a former coaching inn and has a lounge bar with eating area, three letting bedrooms together with owner's three-bedroom accommodation. It also has a former barn alongside which has a skittle alley as well as a rear garden and car park.
Two licensed premises in Fife, Scotland, are up for sale through agent Christie & Co. The Empire Bar in Lower Methil, which boasts a public bar, lounge bar, galley kitchen, cellar and spirits lounge, is ideal for a first time buyer and is looking for offers in excess of £80,000. The Station Hotel, in Station Road, Leven, has a lounge bar, letting/owner's accommodation with lounge, five double bedrooms, fitted kitchen and shower rooms. It would be suitable for a couple and is available for offers in excess of £150,000. Call 0131 557 6666.
The Royal Standard at Mary Tavy is on the Tavistock to Okehampton Road in Dartmoor, Devon. It enjoys a lively local trade while operating a diner loyalty scheme with 120 members. The site has a main bar with exposed beams and a feature fireplace, dining area, fully fitted commercial kitchen and a games room with regular darts and pools teams. Offers in excess of £275,000 are being invited for the freehold. Taylor Son & Creber is handling the sale. Call 01752 202035.
The Loddiswell Inn in Kingsbridge, South Devon, is an Innspired lease premises with a main bar, servery, dining area with 20 covers and also has a recently built commercial kitchen. The site has an established reputation for food but there is a strong potential to develop the food side of the business. The business was temporarily affected by the foot-and-mouth epidemic. The site is offered on an InnSpired lease with over 18 years remaining at a reduced price of £49,950 and an initial rent of £26,444 per annum. Taylor Son & Creber is handling the sale. Call 01752 202035.
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