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Freehold Pubs For Sale
This UK pub sales database is designed to help you find and buy pubs, clubs, bars, hotels, public houses and licensed properties for sale in England, Scotland and Wales.
Many of these pubs and hotels for sale are freehold and occupy prime town and city centre locations with spacious yards, car parks, beer gardens and out buildings. These freehold pubs and hotels offer excellent change of use and property redevelopment or refurbishment opportunities, subject to planning permission.
We act on behalf of breweries, pub companies, pub chains, pub landlords, publicans, property developers, private, corporate and overseas property investors. Our property investment team can advise on pub or other licensed property sales and acquisitions and how to achieve the best possible financial results both in rental value and capital growth.
Whether you are buying a pub as a business, an investment or to revelop, we aim to save you time on property viewings, local research, due dilligence and conveyancing.
This property investments database offers comprehensive pub and hotel sales details and documentation to include schedule of accommodation, title plan, lease, tenancy agreements, contracts of sale, schedules of tenancy, projections, appraisals, floor plans, local authority searches, soil surveys, structural reports, title deeds, planning documentation, as well as professional aerial photographs and detailed maps.showing the pub or hotel's exact location
The quoted prices of these licensed properties and pubs for sale are subject to VAT and we have been instructed to consider all offers.
Freehold Pubs For Sale in UK: Why Buy A Freehold Pub or Hotel Now?
Freehold pubs and hotels are now prime targets for the savvy property investor as buying a pub is likely to work out cheaper on a pounds per sq ft basis than buying a house in the same street.
The UK licensed property market is being flooded with run down or empty pub and hotel sites as a combination of cheap beer in supermarkets, rising costs and the smoking ban have taken their toll on the pub trade.The coming months may see the acceleration of the pace of pub closures as pub landlords, breweries and pub companies such as Admiral Taverns, Punch Taverns and Enterprise Inns face up to the pressures of the credit crunch.
The British Beer & Pub Association estimates that four pubs are closing down every day and that the rate of pub closures is 14 times faster than in 2005. There are just over 57,000 pubs in Britain today, compared with 69,000 pubs in 1980.
Beer sales in UK pubs, relative to other outlets such as supermarkets and off licenses, have been falling for 30 years and according to the BBPA, beer sales over the bar are at their lowest since the Great Depression.
UK brewery and pub company shares have suffered "extraordinary underperformance". Many pub trade shares have retreated 50 per cent from their 2007 highs. Several UK pub chains, embracing high-street names such as the Slug and Lettuce, Hogshead and Walkabout, have collapsed or been forced to sell.
Industry groups say, in all, about 50 major British breweries have closed since 1990.
UK Pub Sales: Buying a Freehold Pub or Hotel Suitable for Redevelopment
Pubs in the UK have a flexible A4 planning 'use class' that normally can be changed to A1 use (say, for a newsagents), A2 (a delicatessen or a firm of solicitors or architects) or A3 (restaurants).
Alternatively, buyers can apply for planning permission to convert the pub or hotel into a residential property. Often UK pubs come with land, beer gardens or car parks that can be developed. Unless it's a village pub, where community issues come into play, planners are sympathetic to alternative uses. Pubs close because they are not successful businesses and redevelopment helps regenerate the area. In run-down areas, planners often want to keep a commercial use for the pub because this boosts local employment.
Before you buy a run down pub or hotel in need of refurbishment or redevelopment, explore different ways of achieving the best return on your property investment
Modernising a pub. A general decorative overhaul can push up the value of a run down pub or hotel without involving planners, architects and a big investment,.
Converting a pub. At its most simple you might buy a large public house or hotel and turn it into flats, but this still involves complex investment budgeting and financing. There's often a large gap between the value of a pub and what it might fetch if redeveloped or converted to offices, shops or flats - but there are also a lot of costs involved, and often a lot of pitfalls. Sometimes it's more profitable to convert the pub into a single house. Planning permission will normally be required in both scenarios. Many Victorian pubs are listed, which can complicate conversion projects.
Change of use as a pub. The conversion of a building from one of business use into housing is a more complex proposition. For example, when converting a pub or hutel into flats, the big, initial risk is trying to buy the property without first applying for planning permission for 'change of use'. You should never buy an investmnet property on the assumption that 'change of use' is possible without serious research into the planning issues and a detailed conversation with local planning officers. Many hotel and pub sales like this are achieved only when they are 'subject to planning', that is, the deal will only be completed, and the full purchase price paid, when planning permission is granted.
The practicalities. With any prospective pub or hotel redevelopment or refurbishment, you'll need to have a good understanding of building regulations and of the architectural possibilities of your property. When converting larger and more substantial pubs, you'll probably need a professional team and you'll need to budget for their services.
The investment property development team should include:
- a quantity surveyor to ascertain costs of the property development
- an architect to design the property development scheme, help secure planning permission, and possibly project manage it
- an engineer to ensure you have a safe, structural solution
- an estate agent to help you sell the finished product
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