Article DetailsSuperb Investment Opportunity on Pub Sale |
| Date Added: April 22, 2009 03:56:56 PM |
| Author: Ian Brown |
| Category: Real Estate Marketing |
| The price of The Royal Oak public house in Belper has been slashed by more than £100,000 in a bid to attract a buyer.The pub on Mill Street, which had been on the market for months with a price tag of £275,000, has attracted strong interest from entrepreneurs and property developers, but so far the price has put them off.The venue has now been reduced to just £160,000."In the light of comments made by several interested parties, we have decided to halve the price of The Royal Oak public house," said London-based licensed property agent Mark Greig, managing director of Paramount Investments.Mr Greig said he hoped the price cut would secure the future of The Royal Oak as a pub. He added: "Falling property prices are creating tremendous bargains within the UK pub market for licensees who know they can respond to the challenges facing the modern trade.""There has never been a better time to buy a freehold pub.To pick up a pub like this at such a price represents a terrific opportunity - for the right kind of publican."To be able to go in to this business knowing your initial costs have been cut by £115,000 makes the pub a much more profitable proposition." 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 |
