The Royal Oak situated in the village of Candlesby near Spilsby, Lincolnshire has been sold through specialist pub agents, Sidney Phillips.
Located on the A158 between Skegness & Horncastle, the property benefits from a car park, commercial kitchen, large beer garden and 3 letting bedrooms, alongside a one-bedroom private flat.
The business has been closed since the Covid-19 pandemic, however before the government lockdown The Royal Oak hosted a plethora of entertainment and celebratory events such as birthdays, quizzes, live music, Christmas parties, karaoke evenings and coffee mornings. In addition, a number of charity events took place within the venue and the pub supported a darts team and 3 pool teams which participated in the local county leagues. The business was also supported by the local shooting club which made positive contributions to the business’s turnover.
Zaine Lamont, Regional Valuations Manager for the Eastern Counties handled the sale and comments, “I’m pleased to see that after such a long period of time The Royal Oak will once again be opening its doors under an enthusiastic new operator, providing the residents of Candlesby and the surrounding area with an alternative establishment to enjoy.”
The freehold interest of the Royal Oak, Candlesby has been purchased by a private individual hailing from the Leicestershire town of Melton Mowbray.
Sidney Phillips sold The Royal Oak, Candlesby off a Freehold asking price of £260,000.
For more information on buying or selling your public house or any other licensed & leisure property, call or email the Sidney Phillips Eastern Counties office today on 01522 500059 or email east@sidneyphillips.co.uk.
(August 2023)