The Greyhound, a successful profit-making public house situated in the West Suffolk village of Chevington, has been sold through licensed property specialists, Sidney Phillips.
The west Suffolk village of Chevington, can be found some 8 miles south-west of Bury St Edmunds, 10 miles south-east of Newmarket and 5 miles south of the A14 motorway. The property is located on Chedburgh Road and is the only public house in the village.
The business is known for operating as a community public house and restaurant serving local village residents plus destination diners. The kitchen is renowned locally for offering a wide selection of curry dishes plus a traditional classic’s menu and Sunday carvery. The property regularly hosts celebratory occasions with live music and open mic nights.
The Greyhound briefly comprises five first floor bedrooms, a detached letting annexe, large car park, trade garden, commercial kitchen and three sizeable internal trade areas.
Zaine Lamont, Regional Valuations Manager for the Eastern Counties handled the sale and comments, “After the property was on the market for over a year with a different agent, I’m extremely delighted to finalise a sale on The Greyhound well within half that time, not only that but to assist the purchaser in obtaining finance via our in house pub specialist mortgage advisor makes myself and the team especially delighted. I want to commend our clients and outgoing operators for establishing such a successful business with its above average profits, making it easy for us to find multiple interested applicants, this in turn meant we achieved a sale over asking price. Finally, I want to wish the purchaser all the best with the business, who I am sure with their extensive experience already within the industry, will continue to drive this popular public house and build upon its positive reputation.”
Sidney Phillips sold The Greyhound, Chevington off a Freehold asking price of £350,000, to a private individual who hails from the Essex area.
For more information on obtaining finance, buying or selling licensed and leisure properties, call or email Sidney Phillips today on 01522 500059 or email east@sidneyphillips.co.uk .
(October 2023)