Pub 2610 p67-69 property 22/10/09 11:04 Page 67
www.thepublican.com thePublican Monday 26/10/09 67
News Property
Award-winning pair give closed pub a new lease of life
A PUB which had been shuttered for A celebratory ’Village Night’ for with how everything is shaping up.” more traditional Yorkshire fayre,” she
two years has re-opened this week locals took place at the freehouse last Kelly said they would be looking to added.
with a brand-new look after being week, with the pub opening fully for bring a number of ideas that had con- The re-opening of the White Swan
taken over by two award-winning business on Friday, October 23. tributed to the success of Ye Old Sun is the latest in a string of successes
licensees. Ashley said: “We’re delighted with Inn over to the White Swan, which is for the couple. Last month they suc-
Ashley and Kelly McCarthy, who all the hard work that has gone in to seven miles away. ceeded in buying the freehold of Ye
already run the multi-award-winning making the pub ready for opening. “Early evening dining will feature at Old Sun Inn from Enterprise Inns –
Ye Old Sun Inn at Colton, near York, Having been shut for such a long the White Swan, as will a variety of and on October 19 the pub was named
are confident they can make a similar time, there was lots that needed dishes and types of cuisine, ranging Yorkshire Pub of the Year at the White
success of the White Swan at Wighill. doing, but we are now really pleased from tapas to light snacks and the Rose Awards for Tourism in Leeds.
Deal or no deal?
Enterprise Inns may offer more sites for sale and leaseback after successful auction
By Hamish Champ and Claire The Blue Anchor in Hammersmith £1.8m and £1.85m, with a yield of
Dodd was one of the 5.4 per cent
hamishc@thepublican.com sites sold • The Goat In Boots, in Chelsea, West
claired@thepublican.com London, which went for £3.33m
against a guide price of between
PLANS BY Enterprise Inns to sell a £2.55m and £2.6m, offering a yield
further 200 sites in sale and leaseback of 5.7 per cent
deals could net the pubco up to £470m. • The Blue Anchor, in Hammersmith,
Chief executive Ted Tuppen has West London, sold for £2.14m,
said between 100 and 200 sites could versus a guide price of between
be sold in this way, after the suc- £1.95m and £2.05m, yielding 7.2 per
cessful sale of five of the company’s cent
pubs at auction last week. • The Coat & Badge, in Putney, South
The pubs raised a total of £13.15m West London, auctioned off for
in the sale by auctioneers Allsop. A £2.5m against a guide price of
sixth freehold site due to be auctioned between £1.85m and £1.95m, on a
was sold for an undisclosed sum yield of six per cent.
before proceedings got under way. When the pubco announced the
The sale was aimed at raising London pub sales last month Tuppen
money to help pay down some of the said: “This is an attractive proposition
group’s billion-pound debt. Enterprise for people with cash to invest, one
will now have to pay a combined rent that will get them a return of around
of £900,000 a year on the sites. before the auction commenced rental yield of 6.53 per cent six per cent a year with a blue chip
The pubs, all based in London, are: • The Barely Mow, in Westminster, • The Duke of York, in Maida Vale, company. It will also give a strong in-
• The Blue Posts, in Soho, which which sold for £2.68m, against a North London, sold for £2.5m, dication as to underpinning the value
went for an undisclosed price guide price of £2.3m, offering a against a guide price of between of the pubs on our balance sheet.”
Freetraders plan to add microbreweries
MICROBREWERIES ARE to be added addition of a 40-cover restaurant.
to two freehouses following their After completing the purchase of
acquisition by experienced operators. the pub at the end of September, he
Licensee Mark Hey plans to convert now plans to further develop the busi-
the 13th century Old Chapel Inn in ness with the addition of six boutique
Devon into as carbon neutral a busi- bedrooms and a microbrewery within
ness as possible, with a microbrewery the site’s former brewery tower.
among facilities including recyclable The Old Chapel Inn, which is grade-
design and eco cabins on site, subject II listed and situated in a designated
to investors coming on board. area of outstanding natural beauty, in
And the Horse & Jockey in Chorlton the village of St Anns Chapel, was
Green, Manchester, will also soon recently acquired by Hey, and is cur-
have a microbrewery after Peter rently closed.
Dalton took on the freehold from The licensee previously operated
Punch Taverns. the Wookey Hole Inn and the Devon-
Dalton, who previously operated shire Angel in Somerset, and the Sun-
the iconic Manto bar in Manchester’s rooms in Essex, before taking three
Canal Street, has invested around years out of the industry. The Horse & Jockey in Manchester is
£300,000 in a complete refurbishment Both acquisitions were made set to have a microbrewery on site
of the business, which included the through Christie + Co.
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72