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26 April 2017 | Pubs

Gloucestershire pub bought by London-based property investor

The George Inn & Millingbrook Lodge in Aylburton, Gloucestershire has been sold through specialist business property adviser, Christie & Co.

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The inn which trades as a pub-restaurant dates back to the mid-19th century and contains 14 letting bedrooms. It has now been bought by a London-based commercial property investor and will continue to be operated by tenants Ian and Carol Lilley who have run the business successfully for over six years.


 
It is believed that the site was originally owned by Whitbread Brewery before being sold to private investors prior to the most recent sale.

Nick Calfe, Director at Christie & Co comments, “Since the tax changes to the residential buy-to-let market, we have seen an increased appetite for commercial pub investments such as this. With reliable long term tenants, such investments offer the security of an attractive rent roll which is often backed up by development options. We were delighted to facilitate the sale of this business and wish all parties the best in their future plans.”