03 December 2012

Elm Shades remains a feature of Redhill’s landscape

The Elm Shades has been giving the people of Redhill, Surrey, a place to relax and savour a pint and bite to eat since the 19th century – and locals will be pleased to know that they’ll be able to carry on enjoying the pub’s leafy charms under its new owners.

The freehold of the landmark building on Pendleton Road was recently sold for £375,000. It was snapped up by a married couple who plan to continue running it as a traditional pub but with a greater emphasis on food.

“Mr and Mrs Coombes, the new owners, have previous experience as licensees, so they know what goes into running a successful pub,” says Anthony Alder of licensed leisure specialists AG&G, who marketed the Elm Shades.

“They are planning to invest a lot of money in the property with a view to turning it into a gastropub-restaurant. It’s a pub with character and an established clientele in a picturesque green belt neighbourhood, so we think they will do very well.”

Located in the St John’s conservation area, Elm Shades is about 10 minutes’ walk from the centre of Redhill. The ground floor has an open plan bar and dining area and trade kitchen. On the first floor there is a three-bedroom flat with separate access from the street.

Outside there is a stable block that was once used as a bar. The 1,452 square metre plot also includes a garden, two patio areas, a children’s play area and a pétanque pitch, as well as parking for a dozen cars. Redhill Golf Club and Reigate Common are nearby.

For more information, contact Anthony Alder on 020 7836 7826, e-mail aalder@agg.uk.com.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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