As a property investment or development opportunity, empty city and town centre freehold pubs may present excellent value. There are just over 57,000 pubs in the UK today, compared with 69,000 in 1980.
The British Beer & Pub Association estimates that four UK pubs are shutting down every day and that the rate of closures is 14 times faster than in 2005.
Recent price cuts caused by Pub Companies offloading unprofitable, struggling, run down or vacant pubs, are tempting entrepreneurs to look at the potential locked up in sites previously thought too expensive to run as a pub or redevelop into flats or apartments for residential housing.
Experienced buy to let property investors are noticing the niche and are now becoming buy to let property developers.
These type of freehold pubs often occupy prime locations with spacious yards, gardens and out buildings and offer excellent change of use and property re-development opportunities.
Investors can purchase investment properties at minimum cost and add instant value to create immediate capital growth through refurbishments or comprehensive modernisation and maximise rental cash flow
