Unfortunately, traditional public houses are finding it increasingly difficult to run successful profitable businesses nowadays, and many are having to ‘call time’ once and for all. It is common, however, that the premises from which they operate offers a wealth of development potential, and can prove to be a very valuable asset.
When major pub operators Enterprise Inns Limited decided to close the doors the Three Kings Public House on the edge of Mitcham Common for the final time, they were aware that the development value of the site far outweighed that of a trading pub.
We acted for Turnhold Properties successfully negotiated a deal on an unconditional basis whereby contracts were swiftly exchanged. A planning application will shortly be submitted for the comprehensive redevelopment of the site.Back to News
If you have a commercial or mixed use property you are minded to let or sell, or have a development opportunity or investment you wish to dispose of, please contact us for free, impartial advice, delivered in the strictest of confidence.Contact Us
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