11/23/2018 | Pubs

The Swan in Witham finds new owner through Christie & Co

Specialist business property adviser, Christie & Co has completed on the sale of The Swan, a traditional town centre pub in Witham, Essex, to a local property investor.

The detached, wet-led pub comprises an open plan trading area around a central bar, with two games areas and with seating for around 60 people. Externally, there is a trade patio with further seating to the front of the property with a beer garden to the rear.

Located between Colchester and Chelmsford, with the River Brain running nearby, The Swan sits on the main high street in Witham, in the hub of the town and close to a number of other restaurants and bars. The pub is easily accessible via road links to the main A12 and is conveniently situated adjacent to a public car park.

The property has been purchased by an experienced property investor who has a tenant lined up for the pub, who will continue to trade the Swan as a strong local community pub with a focus on local beers and community events.

Anthony Jenkins, Associate Director at Christie & Co, who handled the sale, comments, "The Swan provided a fantastic opportunity for a new owner to capitalise on its prime location on the high street. Following strong interest from a range of potential buyers, we are delighted that the business has been purchased by an experienced investor who can drive it forward. 

“Town pubs, such as The Swan, with exciting scope for growth and sitting within the heart of a community, are continually in demand and we anticipate a lot of activity and interest in Essex and across East Anglia for businesses of this type.”

The freehold interest of The Swan was sold off an asking price of £395,000.