06 February 2012

Marriage made in heaven – and Reigate town centre

Become aware of a historic pub/restaurant, introduce it to brewers Fullers, negotiate the simultaneous sale of leasehold and freehold and you have a marriage made in heaven – or at least, in the offices of licensed leisure specialists AG&G.

The leasehold of the Market Hotel, in the historic centre of the Surrey commuter town of Reigate, was sold by family-run operators Market Taverns, while the freehold was acquired from Reigate and Banstead Borough Council. The two interests fetched approximately £2 million in total and Fullers are now enjoying their honeymoon period. 

“We suggested to Fullers that a marriage made economic sense and spent quite some time negotiating on their behalf,” says AG&G director James Grimes. 

“It’s a handsome, early 19th century building in a great position, with space for 100 covers and a pretty beer garden, so it’s not only flexible but also an excellent investment.”

For more information, contact James Grimes on 020 7836 7826, e-mail jgrimes@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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