The market for hospitality properties in the Cotswolds will gain new impetus following the Chancellor’s decision to freeze duty on beers, wines and spirits.
That is according to a Cotswolds hotels specialist at Colliers International, who believes the already booming hospitality market will be further boosted by being spared price increases - except on extra strength ciders.
Hotels Director Peter Brunt said: “The last rise in duty had an immediate impact on pub trade. Landlords across the region will be breathing a sigh of relief they are now able to concentrate on building their business in the face of uncertainties over Brexit and general inflation levels.
“We have significant numbers of people looking to buy or sell hospitality properties at the moment, although it is fair to say many are preferring the ‘softly softly’ approach rather than shouting it from the rooftops.”
One property on the open market in the Cotswolds region and expected to attract interest is Trouble House in Tetbury, which is located on the main A433 Cirencester Road, and is priced at offers over £595,000 for the freehold.
Peter Brunt said: “This is a charming, fully licensed cafe, bar and restaurant with a fascinating back-story – it was raided by the Press Gang, caught up in agricultural riots and boasts its very own ghost!
“It’s ideal for visitors heading for Badminton, Gatcombe Park and Westonbirt, but also attracts plenty of local, visitor and even commercial trade.”
A Wadworth Brewery pub until 2013, Trouble House was then purchased by current owners Tim and Sally David and operated with partners Mariusz and Monika Dziamski who completed an extensive refurbishment in January 2014.
The ground floor of the Trouble House is divided into three trading areas with exposed beams, stripped wooden floor and open fireplaces with just over fifty covers. There is also an owners’ flat on the first floor comprising lounge, office, three double bedrooms and a bathroom.
Outside, there is a courtyard area and substantial gardens that can cater for a further 30 plus customers. Within this area, ‘Takeaway House’ is set up for takeaway food and drinks and is particularly popular in the summer months.