Country Inns Adds Seventh Site After Stonegate Lease Purchase
Stonegate has sold a new untethered lease at the Woolpack pub in Sopley, Christchurch, to Country Inns to bring its portfolio to seven locations.
The thatched-roof pub’s lease in Hampshire, which dates back to 1783 when it was converted into a log cabin that was once a wool shop, was sold through the Fleurets estate agency. Located on the banks of the Sopley Brook River (in the middle of the town of Sopley mentioned in the Book of the Last Judgment), The historic pub has the incredible atmosphere of a classic country inn.
Country Inns Marketing Director Debbie Lewis said: “We are delighted to have completed the purchase of Woolpack’s 20-year free lease from Stonegate. Our intention now is to offer fresh, locally sourced, home-cooked food whenever possible and all prepared on the premises by our exceptionally talented chefs. The new menu has been carefully crafted to offer excellent pub classics along with some very special chef options.
“We have assembled an excellent welcome team to provide excellent customer service and it will be open all day for food and beverages.
“As it is on the Grade II list, we will not make any initial changes and will only improve the pure character of the building along the way, which will increase the comfort of the place.”
GK and pub operator invest £ 240k in site renovation
Operator Matt Boyle and Greene King Pub Partners have made a joint investment of £ 240,000 in the Cumberland Arms in Tynemouth.
The iconic Front Street public house has been brought back to life with a sympathetic remodel to make the most of its prominent stained glass and doors and ornate exterior stonework.
Internally the pub has had a complete makeover with a new bar design and contemporary furnishings. The original Victorian fireplace has been on display and artwork and fixtures and fittings celebrate the fishing and coastal heritage of the town of Tyne & Wear.
Sarah Barron, Business Development Manager for Greene King Pub Partners, said: “We wanted to be able to give this historic pub in Tynemouth a new life and, with Matt and his team on board and the investment, we have been able to do that. It has been fantastic to be able to transform this pub and make it stand out again with pride. We have really ensured that the original features of this historic pub have been showcased alongside modernizing the interior for the 21st century. “
Red Oak Taverns acquires eight Euphorium pubs
Red Oak Taverns has acquired eight tie-free pubs in Bristol from Euphorium Pubs Limited for an undisclosed sum. The move completes Red Oak’s fifth portfolio acquisition this year, expanding its heritage to 208 pubs operating a variety of flexible deals.
Red Oak Taverns Co-Founder and CEO Mark Grunnell said: “We are delighted to add these eight tie-free bars located throughout Bristol to complement our already significant tie-free heritage. There is a lot of scope to develop the business in each one of them and we look forward to integrating the pubs into the Red Oak business. “
Mark Grunnell and Aaron Brown founded Red Oak Taverns in 2011 and the pub ownership is made up of a mix of tie-off and tied-up pubs.
Euphorium was advised on the transaction by Kevin Conibear, Fleurets Division Director. Red Oak Taverns was not externally represented.
Seaside village pub rental on the market with guide price of £ 85k
A popular seaside town pub-restaurant with annual net sales of £ 300,000 is on the market with a guide price of £ 85,000 and a free rental of £ 18,000 through Davey Co.
Located in Shaldon near Teignmouth, this freehouse, pub and restaurant sits at the head of the River Teign estuary on Devon’s south coast. It enjoys a successful trade with net sales of around £ 300,000 excluding VAT and its wet: dry split is around 65:35 in favor of food.
Davey Co said the indoor business areas can accommodate over 70 decks, a courtyard garden trading from over 100 with access to water. Included is an apartment for rent plus an apartment on site that enjoys year-round commerce plus business in high season.
It has a lounge bar with additional raised seating area, two section dining room, commercial kitchen facilities and ancillary areas.
The independent rental apartment on the first floor consists of a living kitchen, double bedroom and bathroom with shower. The accommodation on the second floor consists of two bedrooms and a bathroom.
The place is on a 20-year lease with the Wellington Pub company and is free from strings attached.
RedCat takes over the White Horse Hotel in Romsey
Realtor Savills, on behalf of a private client, has completed the sale of the White Horse Hotel in Romsey to RedCat Pub Company, which will be operated by The Coaching Inn Group. The sale price is not disclosed.
The White Horse Hotel is a 600 year old coaching inn that has been expanded to provide attractive accommodation. The grade II listed building has 29 ensuite bedrooms and a spacious bar, restaurant, private dining room and living room. The stables on the Kent site have been developed to provide a large event facility for 100 guests.
Savills Director of Licensed Entertainment Kevin Marsh said: “Demand for well-located pub and hospitality assets remains strong and this latest transaction shows great confidence in the market. The asset received interest from a wide range of buyers and we are delighted to close a deal with RedCat. “
Camden Market pub introduces the Farrier Wine Store
Camden Market’s first pub, the Farrier, has opened a wine shop dedicated to selling “unique artisan and natural wines.”
The Farrier Wine Store is housed within the restored old horse hospital and stable building and is said to be the area’s first wine specialist to allow guests to purchase by the bottle directly over the counter, or from their waiter at the end of a meal, to take home.
Displayed in Farrier’s impressive floor-to-ceiling wine wall with sliding staircase, the spotlight is on natural, biodynamic and organic specialty and rare wines from small producers and wineries around the world. Styles range from natural British sparkling wines to easy-drinking favorites, while showcasing lesser-known orange wines and rare low-producing reds.
Winter specials that will lend well to holiday season entertainment will include Casa Belfi Frizzante Natural Italian Sparkling and Davenport Vineyards Organic English Sparkling, and lesser-known and more exclusive options such as biodynamic Cristom Pinot Noir and organic Contea Merlot. . just in time to be a perfect holiday gift for wine enthusiasts this season.
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