Article DetailsUk Pubs Closing at Increasing Rate |
| Date Added: May 01, 2009 08:46:10 AM |
| Author: Ian Brown |
| Category: Real Estate Press Releases |
| Clouds have been gathering over the pub trade for years.The smoking ban, cheap booze available in supermarkets and changing fashions helped lead to an average 27 pubs closing every week in Britain last year.And Sudbury is no different. Just this year the Black Horse in East Street was put up for sale, The White Horse in North Street soon followed and the site of The Prince of Wales, in New Street, was earmarked for flats.Nick and Anne Martin, landlords of the Whitehorse for the past 20 years decided to sell up this year. They said the introduction of "oversized" pubs, combined with the smoking ban, was driving them out of the business. Paramount Investments, which is selling The Black Horse on behalf of the owners, said the smoking ban, fears of a recession and last year's poor summer were all major factors. Mark Greig, managing director at Paramount pub sales, said: "If no-one steps forward to buy the Black Horse it could cease to be a pub at all."But the demise of the traditional boozer is not a modern phenomenon. One walk around the town takes in the sites of nearly a dozen former watering holes. Premises now housing Marks & Spencer, Chinese restaurants and Winch & Blatch are among those that were pubs now faded into history with new businesses in their places.Who can still remember drinking in The Spread Eagle, The Ship and Star or the Plough?Based on the current rate of closures – released by the British Beer and Pub Association – the last pub in Britain will close in a little over 40 years. 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 |
