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Friday, May 29, 2009

Landlords could find a property bargain in the pub

The pub has been historically the place where many bargains have been picked up by
those with a good set of 'lugg holes' as drinkers pick up a knocked down TV or 'nice little runner'.

Now because of the credit crunch the pub itself could be the bargain. Hundreds of pubs have closed because they are no longer viable and many of the companies that have being pubs, the so called pub cos have been selling under performing property.

The result is hundreds of bargain pubs ripe for redevelopment as residential lets or HMOs.

Some of the pubs are available at less than £100,000 and already come with existing residential letting accommodation.

Chris Horne Editor of leading landlord website Property Hawk advises landlords that they will need to obtain planning permission first before being able to convert the pub entirely to residential accommodation.

For a list of pubs for sale residenial landlords should check out Fleurets a specialised business agent.

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