06 June 2012

Period pub with hidden extras

It’s a period building in a conservation area in the commuter belt but several unusual extras come with Elm Shade in Redhill. Showing its historic roots, the pub has a stable block that was once the Stable Bar and is ripe for conversion – plus a well and two feature iron bedsteads that were recovered from it when the gardens were renovated.

The freehold of the 19th century, landmark corner building is now for sale through licensed leisure specialists AG&G at £375,000.

The ground floor has an open plan trade area, including a dining area, with a well-equipped trade kitchen. Above it is a three bedroom flat that has separate access from the street. Outside, the 1,462 square metre plot includes a garden, two patio areas, a children’s play area and a popular pétanque pitch, as well as parking for 12 cars.

“This is a successful, middle class local about a mile south of the town centre and close to both Redhill Golf Club and Reigate Common,” says AG&G director Anthony Alder. “It has character and potential, as well as an established clientele. We expect it to remain a pub/restaurant – why change what’s been proved to work?

“But the stable block could be a great project in this desirable area, whether for letting rooms or a separate residential project, assuming planning permission is forthcoming.”

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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