Regional focus on...Cambridgeshire
Population (and density): 849,000 (650 per square mile)
Largest towns and cities: Cambridge, Wisbech, St Neots, Huntingdon, March, Ely, St Ives, Whittlesey, Chatteris, Yaxley, Soham, Histon, Ramsey
What the experts say: "Cambridge is now one of the most important technology centres in Europe and one of the fastest growing cities in the world. The global investment into ‘Silicon Fen’ is being felt across the whole region and demand for licensed premises remains strong with the effect being highest in Cambridge where there is a restricted supply of university-owned property stock.
"The ripple effect is felt strongly along the M11 corridor to the south and is anchored to the north by the cathedral cities of Ely and Peterborough.
"Despite national uncertainties, I expect demand to remain strong as the county continues to grow and thrive, with rising property values for both freehold and leasehold businesses.
"Investment opportunities within the region are numerous as many of the pubcos increase the range of lease formats available, including free-of-tie lettings, plus a continued
but more selective freehold disposal programme. We expect increased activity in the private market sector as values rise in 2018." - Tom Nichols, managing director, Everard Cole.
Done deal
The Crown, Newgate Street, Hertfordshire
Price: £65,000
Tenure: Leasehold – part tied – nine years remaining
Turnover: Advised current sales for YE April 2016 c£246,000 (inc VAT)
Wet:dry split: 65:35
Rent: £29,000
Landlord: Punch
Agent: Guy Simmonds
01332 865112
The Crown is a delightful traditional village inn that can be found in the highly desirable village of Newgate Street, in the glorious county of Hertfordshire has been sold by leading national licensed property agent Guy Simmonds.
On the market elsewhere
Horse & Cart, Peasmarsh, Rye, East Sussex
Price: £600,000
Tenure: Freehold
Annual turnover: £500,000 net
Wet:dry split: 50:50
Agent: Fleurets 07836 541 790
This attractive, privately owned freehold inn is located in the village of Peasmarsh, which is situated on the main A268, approximately three miles north-west of the historic town of Rye. The property has been refurbished to a very high standard throughout and features front bar area (35 covers), rear dining area (30c) and four high-quality letting bedrooms with mature gardens.
To find out more about pubs for sale, lease and tenancy visit our property site. http://property.morningadvertiser.co.uk/
