Popular Brighton Pub Sold to London Based Investor
Flude Property Consultants have concluded the sale of the former Royal Standard public house in Queens Road, Brighton.
Situated just south of the railway station, the property comprises of a mid-terrace 5 storey building. The pub was situated on the ground floor, with stores, W/C’s and a kitchen on the lower ground floor. The first floor provided a 1 bedroom managers flat. The flats on the upper floors had previously been sold off, by way of long leases.
This has been sold to a London based investor, who is looking to reopen the pub once the refurbishment works are completed.
Flude Director, Will Thomas, commented, “I am delighted to have assisted Admiral Taverns with this sale. The property went under offer after a short period on the market and attracted some reasonable interest from cash buyers”.
The sale represents the latest in a number of recent leisure transactions, with others to be announced in the coming weeks.
Whilst there is increased uncertainty relating to the market and specifically the leisure sector, Brighton still seems to be a popular destination for operators to be.