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HUNTINGDON OLD POST OFFICE AND GEORGE HALL BOUGHT BY J D WETHERSPOON

After a period of speculation and local rumour, Barford + Co, the local commercial property consultant has revealed that the Old Post Office and George Hall, which is situated on the corner of George Street and St John’s Street on the edge of Huntingdon town centre has been sold to national pub chain, J D Wetherspoon.

On behalf of Barford + Co, Director Phil Halmshaw said “Contracts were exchanged last Friday for the sale of the property to Wetherspoons. Completion will take place before Christmas. The property has been sold unconditionally, and it is understood that J D Wetherspoon will be submitting Planning and Listed Building applications in the spring of 2014”.

The overall complex which has been purchased by the company comprises three buildings, The Old Post Office, a Grade II Listed building which has an area of 4,623 sq ft, the George Hall, which sits on the corner of the site, and has an area of 2,616 sq ft, and the former Sorting Office, which is located in the rear corner of the site, which has an area of 4,629 sq ft. Barford + Co has been advised that Wetherspoon’s intends to demolish the former Sorting Office so as to create an outdoor patio and garden area; it is understood that the two main buildings will be linked to create a single large pub and dining facility.

“After ten years of decline, there is now a genuine prospect that these impressive buildings will be restored to their former glory” continued Mr Halmshaw.

J D Wetherspoon were represented in the transaction by Barker Storey Matthews Huntingdon office. Alan Matthews, Director at BSM said “We are pleased to have been able to advise Wetherspoon’s in this transaction, and indeed for this to have been brought to a conclusion within a very short timescale. It is common knowledge that the company wished to open a new pub in Huntingdon for some time, and they had made a bid for this property some years ago. It is therefore particularly pleasing to have been able to assist the company in achieving its objectives in the local area”.

Mr Matthews confirmed that Wetherspoon’s expect the Old Post Office and George Hall to be open for business by the end of 2014.

Barford + Co confirmed that the transaction was concluded within a very swift timescale. Following a marketing period of a couple of months, contracts were exchanged in slightly over one month of solicitors being instructed.

“This really is a quick turnaround and our clients are extremely pleased with the outcome” said Mr Halmshaw.

Savills Cambridge office were joint agents in the marketing of the property which was conducted on behalf of Receivers Eddisons of Leeds.

  

 

 

 

 

 

 

 

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