The Yummy Pub Co has sold the Clarence pub in London’s Stoke Newington to Robert Webster Shaw for £125,000, as part of plans to focus on growth through freehold acquisition.
New owner Shaw owns another Charles Wells leased business in London, the Anchor and Hope in Southwark, and has other business interests in the Canton Arms, and the Magdalen Arms in Oxford.
Built in 1860, the pub has been owned by the Yummy Pub Co since 2015, at which time its original title was restored.
Anthony Pender, co-founder of Yummy Pubs, said: “An efficient sale process means that we can now focus our continued growth through freehold acquisition, which has also been supported by Christie & Co with advice and services in 2019 relating to the purchase of the freehold interest in the Wiremill Inn, making our first site 13 years ago our first freehold conversion.”
Stewart Harkness, director at Christie & Co, who handled the sale, said: “This has been a great opportunity for the purchaser to add to his portfolio and shows that the pub market is still strong when we are looking at selling quality pubs.”
The Yummy Pub Co, whose co-founder Tim Foster won the 2018 Education and Training Catey, is left with four pubs across London and Surrey.