East Midlands pub operator Probably a Pub Company has bought its first freehold pub to take its estate to six sites. The company, which is lead by director Mike Staniforth, acquired the Fairways in Tattershall, Lincolnshire, for £200,000. The pub, bought from a private owner, has been closed for about 18 months. The company plans to spend about £200,000 renovating the 220-cover pub, which will be re-named, before re-opening next Spring. “It’s really close to a large country home with 400 holiday properties. We hope to capitalise on that in the Spring, which is a popular time [for holidaying].” Probably a Pub Company operates five leasehold pubs, four with Punch and one with Greene King. Staniforth said he favoured freeholds over leaseholds for further acquisitions but explained that expansion would be at a “gradual pace”.

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