Search
The Caterer

Polish tenants take on Punch pub-restaurant in Lockerbie

21 April 2009 by
Polish tenants take on Punch pub-restaurant in Lockerbie

A new, 10-year Punch lease has been sold on the Crown hotel in Lockerbie, Dumfries-shire.

Punch invested £325,000 in upgrading the pub-restaurant before its sale to the new tenants, Polish couple Gregor and Magda Piewcewicz, who have clocked up a wealth of experience in the catering and licensed trades

The property, which is one of the longest-established hotels in Lockerbie, lies in the centre of the busy Borders town, near the main shopping area.

It comprises a 70-seat, open-plan bar and dining area, an inner courtyard with canopy for outside drinking and smoking, six letting bedrooms to sleep 12 guests, and a three-bedroom owners' flat.

The Glasgow office of Colliers Robert Barry sold the lease on the property, which carries an annual rent of £33,000, off a guide price that included £30,000 for the inventory, an £8,250 rental deposit, and £995 towards Punch training costs.

By Angela Frewin

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Thank you

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