16 October 2012

Southern operator takes on the Northern

A local buyer has finally seen the light and bought Brighton’s Northern Tavern – and has plans to give it a whole new lease of life.

Despite being in a promising location overlooking a popular park known as The Level, the Ditchling Road property has been overlooked by potential suitors until now.

“Shepherd Neame first put the Northern on the market a while ago after a full refurb but then changed their minds. They recently offered it for sale again and accepted an offer of £275,000,” says Anthony Alder of licensed leisure specialists AG&G, who handled the sale.

“The new owner is a local multiple operator, who has plans to convert the ground-floor trade area into a café/restaurant with offices or possibly residential accommodation above. It should tie in nicely with the new covered market retail and housing development, which is taking shape just a few metres away.”

The Northern Tavern is a corner property close to the busy London Road shopping area. It has a small beer garden, function room and one-bedroom flat with office.

For further information, contact Anthony Alder on 020 7836 7826 or 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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