Ashtead pub sold in off-market deal

19 October 2006
Ashtead pub sold in off-market deal

Tied leasehold pub, the Leg of Mutton and Cauliflower, has been sold for close to £200,000 in an off-market deal.

The business in Ashtead, Surrey, occupies a Victorian-style property on the main A24 road between Leatherhead and Epsom.

It comprises a contemporary partially-divided bar to the front with fine dining areas to the side and rear that can seat 45 customers.

Outside there is a new trade garden with a water feature, a detached outbuilding used for storage, and parking bays for up to 21 cars

The upper levels include five double bedrooms, a kitchen, bathroom, washroom and office for staff. There are also three double bedrooms, a living room, a kitchen and a bathroom reserved for use by the management.

Trading profits are in the region of £100,000 per year (excluding VAT) while the lease is held under the terms of a 10-year business franchise from Mitchells & Butlers with effect from November 2003.

Property AG&G handled the sale to experienced licensed operators Richard Hodgson and Karl Harrison.

By Angela Frewin

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