29 October 2013

Family homes to crown Stanwell pub site

Good news for people wanting a new home conveniently close to Heathrow and the shops of Stanwell village (a Britain in Bloom medallist, no less): it’s been sold for above its £850,000 asking price to a developer who wants to clear the site to make way for family houses.

“It’s an attractive, half-timbered building that could easily have remained as a pub but the buyer has experience of buying pubs for development and recognised the opportunity this 2,425 square metre site presents,” say Panayiotis Themistocli of AG&G, who brokered the deal.

“It’s always sad when a pub is demolished but the site will fulfil a pressing need for housing in the area, and it should be noted that there are five other pubs in the Stanwell Village area.”

For further information, contact Panayiotis Themistocli  on 020 7836 7826 or e-mail PT@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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