05 October 2016 | Pubs

Closed Southsea pub/restaurant bought by local businessmen

The Kitsch n d’Or in Southsea, Portsmouth has been sold by specialist business property adviser, Christie & Co.

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The three-storey terraced property which has a bar, two restaurant areas and a function room, as well as five bedroom owners’ accommodation, was closed for over 12 months before being sold to local businessmen, Matthew Wylie and Mike Baker.

Richard Wood, Business Agent in Christie & Co’s Winchester office who handled the sale, comments “We are delighted to have facilitated the sale of the Kitsch n d’Or to Matthew Wylie and Mike Baker, who have a wealth of experience in refurbishing closed premises in Portsmouth and reopening them for a range of uses.

“We received a number of bids for this property showing the demand that we’re seeing for these kind of sites in the Portsmouth and Southsea area.”

The closed property was sold off a guide price of £550,000.