Article DetailsNorfolk Pubs Closures Reach an all Time High ; Many Pubs Closed their Doors for Good |
| Date Added: April 21, 2009 06:16:08 PM |
| Author: Ian Brown |
| Category: Real Estate Marketing |
| Norfolk Pubs For SalePubs have been closing at an alarming rate across Norfolk, and nationwide with many reasons cited for their demise, including the credit crunch, the smoking ban, and cheaper booze at supermarkets. Many of these pubs may never pull another pint again. A spokesman for North Norfolk District Council said new planning guidelines did not prevent any new buyer changing the use of a redundant pub as long as it was not the last of its kind within a settlement - but stressed each application would be considered on merit. Fakenham's oldest surviving pub may have served its last pint unless publicans step forward to buy it ahead of developers. The Star pub on Oak Street, Fakenham is one of Norfolks oldest pubs dating back to the 1600’s. It is on the market at £215,000 - low enough to have tempted developers and retailers. Agents at London-based Paramount Investments said the company would prefer to sell to a new pub landlord but would consider other buyers. Paramount managing director Mark Greig said: "If no publican or pub company steps forward to save the Star, it may cease to be a pub at all."A company spokesman added: "Paramount is a company which specialises in selling these buildings, so for that reason it has an interest in pubs staying as pubs, particularly one with this history.” Norfolk Business Link has teamed up with brewing and pub industry experts to help slow the rate of pub closures throughout Norfolk, and to make sure those pubs that remain are strong, profitable businesses with sustainable, long-term futures. “Local pubs throughout the East of England have been facing devastating business conditions since well before the recession began. “Regular pub closures have become a fact of life, and nationally we're seeing reports of up to 36 closures each week. Paramount Investments are specialists in sourcing freehold and leasehold pubs for sale and other pub company or brewery investment opportunities in England, Scotland and Wales for potential property investors.
Paramount Investments 150 West End Lane Web: http://www.paramount-investments.co.uk |
