Property

Cambridgeshire pub saved by local residents is sold

(23 May 2008 14:13)
The Crown

A Norfolk-based property investment group has bought a food-led Cambridgeshire freehouse that was saved from closure by local residents.

The Crown is a Grade II-listed property from the 18th century that was constructed opposite the village church in Broughton, a village in a secluded valley to the North-east of Huntington.
 
Facilities include a 36-seat restaurant, a 20-seat bar, two-bedroom owners’ accommodation, a lawned beer garden, and a patio with seating for 50 people.

It faced closure as part of a corporate disposal eight years ago until village residents clubbed together to form Interaspect to buy it. The pub has since been operated under a chef-patron tenant.

New owner Albanwise, which has large farming interests in Norfolk and Yorkshire and properties in London and the Home Counties, plans to install a tenant or lessee.

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The Ipswich office of Christie + Co sold the freehold of an asking price in excess of £500,000

By Angela Frewin

Source: CatererSearch

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8th October 2008