Paramount sells pubs quickly with no sales particulars and not necessarily as a going concern, making it an ideal vehicle for the disposal of closed or poorly performing sites.
The news follows the London-based pub sales agency announcement that it sold 192 pubs last year from its single office in Hampstead. Paramount has only been involved in the UK pub market since 2005 and is the preferred seller for Admiral Taverns.
Managing director Mark Greig said he was in talks with two major operators to facilitate the large-scale disposals of bottom-end freehold and leasehold pub sites.
He said: "You just have to go with the flow, but there is a reluctance on the part of some vendors to sell pubs outside the trade. With the current demand for social housing, do we really want to keep healthworkers and firefighters off the property ladder when there are buildings boarded up that they could be living in?
"Do we really want to prevent the local economy from growing by keeping buildings closed when they could be opening as new businesses?
"We need to adopt a broader economic outlook if we are to reduce the numbers of boarded-up pubs."
Paramount Investments are London based licensed property sales agents covering England, Scotland and Wales. We are specialists in sourcing freehold hotels, clubs, pubs and other pub company or brewery investment opportunities for potential property investors and property developers.
Paramount Pub & Licensed Property Sales
web: http://www.paramount-
blog: http://www.pubs-
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