Foundation looks to off-load White Horse

Multiple operator Foundation Inns is selling the freehold of the White Horse in Chelmsford, Essex for around £395,000.

Foundation, run by Gavin Drew and Ian Grundy, was established in 2007 and currently operates six pubs — five freeholds and one leasehold — spread across the South and East of England.

The White Horse is a traditional wet-led pub, which features an open plan bar, games area, patio to the rear and two-bedroom owner's accommodation.

"Well presented after being refurbished in January 2009, the White Horse is well-situated to draw trade from the local community, town centre and visitors to Chelmsford," said Bill Colquhoun of Christie + Co, which is marketing the pub.

"The pub, which provides a great opportunity to grow sales due to high density of housing, and proximity to station, offices and car park, is priced to sell and represents great value.

"Therefore we expect this established business to generate significant levels of enquiries leading to a number of offers."