From the beaches of Suffolk to the Humber Bridge, our Eastern Counties office covers a diverse area housing many popular tourist destinations including Skegness, Cromer, the Norfolk Broads and Nottingham, the home to ‘one of’ if not the oldest pubs in the UK, ‘Ye Olde Trip To Jerusalem’ which claims to date back to 1189.
Pubs and hotels most sought by buyers in the region is more often than not one of character and charm, such as rural country pubs with roaring fires, country house hotels, historic market town coaching inns and sympathetically converted town centre bars. The area is popular with buyers with an established footing in the region, as well as with those seeking to enjoy a more countrified lifestyle. Demand from multi-national pub, hotel and restaurant operators seeking to grow their portfolios remains strong and we continue to see a growing number of smaller breweries expand in the areas to create manageable chains of outlets.
Vacant pubs for sale, free-of-tie pubs to lease, income producing investments and going-concern businesses for sale remain the most sought-after type of opportunity, especially those with the ability to add value to and diversify to provide new revenue streams remains. This trend has been the case for many years and is proven by Sidney Phillips’ extensive list of sales conducted throughout the region.
With some of the UK’s most economically significant and sought-after locations it is easy to see why transaction levels continue to rise and we continue to see buyers surge to the Eastern Counties, whether that be to purchase a café in the historic Cathedral Quarter of Lincoln, to create a Michelin starred character food-led pub in the incredible Peak District National Park or to take over a B&B business on the coast to see them through to retirement.