Future beckons Rainham’s Welcome Hand
It may have been the residential suburban location or the generous half-acre-plus site with parking for 45 cars that beckoned potential buyers – but licensed leisure specialists AG&G wasted no time shaking on a deal for the Welcome Hand in Rainham, north-east London.
The community pub, which boasts a lawned beer garden and three-bed living accommodation, has been sold to a local builder for a sum close to the asking price of £575,000. It is expected that the property will start a new life rather than continue as a licensed premises.
“The Welcome Hand was one of a bunch of Greater London properties that came on to the market a few weeks ago and have been snapped up by buyers looking for a good investment,” says David Gooderham, who handled the sale.
“It shows that there is strong demand for well-marketed properties with potential for development.”
Originally an agricultural settlement, Rainham is mentioned in the Domesday Book of 1086. Recorded as Raineham, the name is thought to mean homestead or village of a man called Regna. In the past, it has been known for its market gardens, brick-making and gravel extraction, among other industries.