City Pub Company Grows Portfolio with Latest Acquisition in Stratford-Upon-Avon
June 18, 2012
Davis Coffer Lyons has completed the sale of the Church Street Townhouse in Stratford-upon-Avon on behalf of Stowford Cottage to City Pub Company, led by serial entrepreneurs and former Capital Pub directors Clive Watson and David Bruce.
The freehold of the Church Street Townhouse, which has 12 luxury letting rooms, fetched £2.4 million. It is a 400-year-old listed building opposite Shakespeares school and only two minutes walk from the Royal Shakespeare theatre.
This is the fifth acquisition for City Pub Company, the new Enterprise Investment Scheme (EIS) funded venture which also recently bought The Crown and Cushion, a coaching inn dating from around 1560. The Cork in Bath was bought for £2.272 million earlier this year, as well as a lease on an unnamed Cambridge pub and a pub in Henley, Oxon.
The City Pub Company venture has already secured 100 investors raising £4m through the EIS. Davis Coffer Lyons advised the vendor on the Church Street Townhouse sale. City Pub Company was advised by AG&G.