The Crown public house at 90 Ollands Road, Reepham, Norfolk NR10 4EJ has been put back on the market at a reduced price after a planning application for a change of use to residential was refused.
Acting on behalf of owners Punch Taverns, commercial property consultants Everard Cole are now seeking offers in the region of £250,000 (excluding VAT). The freehold property was previously offered at £300,000 (excluding VAT). Download PDF
Meanwhile, lenders to Punch Taverns have formally rejected the company’s debt restructuring proposals. The UK’s second largest pubs group has debts estimated at £2.3bn that were acquired through acquisitions over the past decade.
See our earlier news story: