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UK Pub Sales News: Gloucester pub on sale for £30,000 leasehold
Property investors looking for pubs for sale might be interested to hear that the Fox & Elm in Tuffley, Gloucester, is on the market for £29,950 leasehold.
The Citizen reported that the premises include gardens, a three-bedroom flat and a dining room, with rent set at £16,000 for the next two years.
A skittle alley, children's play area and large car park are also part of the pub, which was last refurbished in 2004.
It also has 14 years left on a renewable Marstons Inns lease, while prospective investors might be pleased to hear that it turned over £180,000 in the last financial year.
Councillor Gerald Dee told the newspaper that it is hard for the pub to compete with cheap alcohol sold in supermarkets.
"I would like to see it continue as a successful pub but I am not sure if it could unless they started serving food," he added.
The Campaign for Real Ale noted that the site has hosted a pub for at least 60 years, having been known as the New Inn, the Blinking Owl and Fox & Elm over time.
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