4/28/2019 | Pub Mortgages

Swiss Cottage pub in Peterborough purchased by first time buyers

Marija Obradovic and Paul Richards, new entrants to the hospitality sector, have recently purchased the freehold of Swiss Cottage, an established pub situated in Peterborough, Cambridgeshire with funding successfully secured by specialist commercial finance broker, Christie Finance.

The two-storey detached pub is located on Grove Street, Woodston, south of Peterborough city centre just a short distance from Peterborough United’s Football Club. The property comprises of a bar area, function room and garden area, plus three-bedroom owner’s accommodation.

New owners Marija and Paul are first time buyers within the hospitality sector however, have an excellent knowledge of the local area and its residents. Marija is an ex England women’s footballer with previous experience working in pubs and sports clubs, one of which was Swiss Cottage whilst working as manager of Peterborough United ladies team and secretary of Belmore FC men’s club.

Following her career in football, Marija proceeded to work in media with her recent post working as a union rep on behalf of the CWU, representing employees of the Post Office. Due to Marija’s notable contribution to the local community and football club, she is highly regarded within the area which is likely to attract substantial footfall to Swiss Cottage. 

Paul, supported by Roy Baines the new Duty Manager at Swiss Cottage, will be focusing on the day-to-day running of the business. Roy has a wealth of experience in the hospitality sector having owned and operated a village pub for the past eight years. In addition, Delia Doyle, an experienced licensee and whose family ran the Swiss Cottage for many years, has been adding her level of expertise in the trade to ensure the smooth running of the pub.

In the first year of trading, Marija and Paul intend on introducing food at Swiss Cottage, following their research into the local area that highlighted that there is a demand for this. Marija and Paul comment on their experience working with Christie Finance to secure funding for the purchase of Swiss Cottage.
"We were both impressed with the professional manner and knowledge we received from Lawrence Roberts and he set our nerves at ease from our very first meeting. Lawrence guided us throughout the whole process and was always at the end of a phone if we needed him for any expert advice. We would both recommend Christies Finance to anyone wishing to enter the pub trade and especially for those making an alternative career move".

Lawrence Roberts, Finance Consultant at Christie Finance comments “It has been a pleasure to work with Marija and Paul, the pub is extremely well known to them, with Marija residing in the local area for over 50 years. I am confident with the support from the local community and an experienced manager, Marija and Paul will be outstanding in their new roles as owners of Swiss Cottage.”