Public House To Private House Is the decline in pub trade an opportunity?
#1
Posted 22 March 2010 - 09:43 PM
I have previously noticed a few listed on RM at the usual silly prices, but when recently browsing some business brokerage sites have noticed a lot for sale at prices way below a similar sized house. This would seem to be an opportunity to end up with a large house on a small budget.
There are currently 32 for sale on the Christie website, this being the cheapest at 65k:
http://www.christie....6429?1269293845
I would welcome your thoughts on this.
#2
Posted 22 March 2010 - 09:53 PM
Quokka, on 22 March 2010 - 09:43 PM, said:
I have previously noticed a few listed on RM at the usual silly prices, but when recently browsing some business brokerage sites have noticed a lot for sale at prices way below a similar sized house. This would seem to be an opportunity to end up with a large house on a small budget.
There are currently 32 for sale on the Christie website, this being the cheapest at 65k:
http://www.christie....6429?1269293845
I would welcome your thoughts on this.
I have heard not all councils will allow pubs to go back to being private houses. A big pub near me closed 6 months back and is re-emerging as a Southern Co-op small supermarket with flats above. The food and drink license remained in place. BH15 area.
I think the Tesco Express type outfits will be eyeing the bigger closed-down pubs in high density areas with great interest.
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#3
Posted 22 March 2010 - 10:24 PM
Quokka, on 22 March 2010 - 09:43 PM, said:
http://www.christie....6429?1269293845
I would welcome your thoughts on this.
Never mind that, buffalo joes is up for grabs, you could have a bucking bronco in your living room.
#4
Posted 22 March 2010 - 11:06 PM
Quokka, on 22 March 2010 - 09:43 PM, said:
I have previously noticed a few listed on RM at the usual silly prices, but when recently browsing some business brokerage sites have noticed a lot for sale at prices way below a similar sized house. This would seem to be an opportunity to end up with a large house on a small budget.
There are currently 32 for sale on the Christie website, this being the cheapest at 65k:
http://www.christie....6429?1269293845
I would welcome your thoughts on this.
#5
Posted 22 March 2010 - 11:38 PM
dieseldriven, on 22 March 2010 - 10:24 PM, said:
Yes, I noticed just recently that Buffalo Joes had closed. Does anyone know if there is any reason for this other than the downturn.? Just a few years ago it was always jammed. Is the nightclub opposite also closed? I know the restaurant on the corner (former River Police Station) is also closed and for sale.
Labour Government spending orgy. Government debt was slowly reducing towards £300 billion under the John Major government, but the last 10 years have seen it grow to almost £900 billion, with approx half of that in the last 2 years of the Brown govt.
#6
Posted 23 March 2010 - 11:20 AM
I imagine it just follows on from the general down turn of the quayside, I always thought the main section was a bit ... erm ... "downmarket" compared to saaaaay central, I have to wonder if sea is still going. The quayside bar down there was and is still quite good.
A woman phoned in today to say there was a house price crash coming, don't worry, there isn't....
#7
Posted 23 March 2010 - 10:21 PM
juvenal said:
I think the Tesco Express type outfits will be eyeing the bigger closed-down pubs in high density areas with great interest.
Thanks for replies. I suspected there may be problems with planning permission. I suppose it would be best to approach the council before purchasing. The funny thing is that you could live in them anyway as they mostly have accommodation attached. Living in the existing accommodation while renting the ground floor as retail could also be an alternative.
fallingbuzzard, on 22 March 2010 - 11:06 PM, said:
How can the council offer the place to community groups if its privately owned?
#8
Posted 28 March 2010 - 01:54 PM
meow, on 23 March 2010 - 11:20 AM, said:
I imagine it just follows on from the general down turn of the quayside, I always thought the main section was a bit ... erm ... "downmarket" compared to saaaaay central, I have to wonder if sea is still going. The quayside bar down there was and is still quite good.
It was never that likely to last since Baja closed as it was somewhere to go on the way to Baja. I can't see many people trekking over the bridge just to go there. Love the optimism of the auction link, "No direct approach may be made to the business", erm, I think you'll find I can do whatever the fook I want not that anyone who isn't insane will be interested. I'm sure it'll be one of many more closures on the Quayside.
#9
Posted 29 March 2010 - 10:34 AM
StuM82, on 28 March 2010 - 01:54 PM, said:
£875K for the Buffalo Joes building freehold - hang on a minute, you could probably squeeze 10 "luxury flats" into there - got to be worth £300K each
Labour Government spending orgy. Government debt was slowly reducing towards £300 billion under the John Major government, but the last 10 years have seen it grow to almost £900 billion, with approx half of that in the last 2 years of the Brown govt.
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