Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Charles Wells sells three pubs

19 October 2010 by
Charles Wells sells three pubs

Pub firm Charles Wells has sold three pubs for more than £450,000 through property agent Gerald Even.

The three pubs are: The Globe in St Neots, Huntingdon; The Cherry Tree in Kettering; and the Cuckoo in Wollaston, Wellingborough.

The Globe sold before it was due to go to auction with Cambridge-based auctioneer Cheffins for more than its guide price of £160,000-£180,000.

The Cherry Tree sold at auction to a private investor for £132,000 with a guide price on the day of £120,000 - £140,000.

And the Cuckoo also sold at auction for £142,000. It had a guide price of £140,000-£160,000. The buyer is understood to be a local family and it is thought they are likely to maintain the premises use as a pub.

Gerald Eve leisure partner Chris Ford, who is advising Charles Wells, said: "It is currently a difficult market for pub sales. To meet or exceed the guide prices is a very good result. It followed on from the strong interest created by attractive guide prices."

Charles Wells acquires nine Punch Taverns pubs >>

Charles Wells buys 17 tenanted pubs from Punch >>

Wells & Young's loses Red Stripe and Corona contracts >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking