10/5/2016 | Pub Mortgages

Continued reign for The Crown Inn

The leaseholders of The Crown Inn in Norfolk have recently been helped with funding in order to purchase the freehold.

Chris Field, Director at Christie Finance, helped the current leaseholders, Jon Bingham and Amy Beevers, source the right funding package to make this business completely their own. They were keen to buy the freehold of the business after rejuvenating the pub since they acquired the leasehold in late 2014.

The Crown Inn is a Grade II listed property in the picturesque village of Pulham Market. With the funding secured, our clients are also now looking to develop the second floor of the property into letting rooms to meet demand in the local area.

When Jon and Amy took on the pub on a Lease Agreement it had been closed for over a year, so had to undergo a complete refurbishment before opening its doors again. Since then the business has been growing steadily with the pub winning Morning Advertisers ‘Best Turnaround Pub’ Award in 2015.

Chris advised and supported the clients to find the right funding at a competitive rate, using his knowledge of the licensed sector to get the very best funding package for our clients and fund 100% of the purchase price.

Commenting on the deal, Chris said, “I’m delighted we’ve secured Jon and Amy the freehold of their pub. This funding not only secures the pub’s future but also enables them to put their plans into motion to grow the business even further.”