Market town development opportunities, four freehold former pub opportunities for sale
Acting upon the instructions of Enterprise Inns Plc, Banks Long & Co have been engaged to arrange the sale of four freehold former pub sites in Newark, Sleaford and Louth.
One of the sites, The Blue Man in Newark has already been placed under offer.
The remaining three are:
The Woodman, Eastgate, Louth
The Victoria, Southgate, Louth
The Bridge Inn, Lincoln Road, Newark
The Woodman in Louth provides a range of development opportunities located a short distance from the recently opened Wilkinson store and immediately opposite Harveys Furniture store. The site area extends to 0.37 acres which includes a large car park with the property providing a trading area of 102.2 sq m (1,100 sq ft) with a 59.5 sq m (640 sq ft) first floor function room.
Offers are sought for this rare town centre development opportunity in excess of £350,000.
The Victoria is located in Sleaford town centre with a 15 m frontage to Southgate, the busy and well established retailing pitch.
Situated opposite Currys and next to the Riverside Shopping Centre, the property is considered ideal for either refurbishment or redevelopment.
The ground floor trading area extends to 87 m (936 sq ft) with six bed and breakfast letting rooms and a large manager’s flat. Car parking for seven vehicles is included to the rear and the overall site area amounts to 0.12 acres.
In the same way as Louth this is a rare opportunity and offers are invited in excess of £250,000 for the freehold interest.
Whilst unconditional offers for The Woodman and The Victoria area sought, conditional offers will be entertained for The Bridge Inn which is prominently located on Lincoln Road in Newark.
This large stand alone pub sits on a site area of 0.59 acres with a 46 m frontage to the busy Lincoln Road, one of the main arterial routes into Newark from the A1, A46 and A17.
All enquiries regarding these sites should be directed to Partner of Banks Long & Co, Tim Bradford on 01522 544515. Tim commented: “These properties offer a variety of development opportunities. Sleaford and Louth are ideal for retail or restaurant development, subject to planning permission.
The Bridge Inn at Newark could be developed for either commercial or residential use again, subject to the necessary planning approval.”
