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14th February 2023

Red Oak Taverns to purchase iconic Ipswich pub

Red Oak Taverns has exchanged contracts to purchase the freehold of the Thomas Wolsey pub in Ipswich.  The town centre pub, located in St Peter’s Street is named after the town’s famous 16th century statesman and Catholic bishop Thomas Wolsey and dates back to the 17th century. The pub acquisition will be the second so far for Red Oak in 2023.

Red Oak Taverns is seeking independent operators to take over the pub on either a tenancy or lease basis.  Speaking about the acquisition, property director for Red Oak Taverns Graeme Bunn said, “The pub is located in St Peter’s Street which is a busy street accommodating a number of hospitality venues and connecting the town centre to the waterfront area of Ipswich. We are looking to recruit a hospitality operator to take this pub forward.  It would ideally suit people who want to establish the pub as an iconic traditional pub with good beers and real ales and quality pub food.  The area benefits from footfall from nearby offices, the new upmarket waterfront apartment developments alongside the University of Suffolk campus”.

The sale is due to complete in the coming weeks. Anyone who would like to discuss this pub opportunity with Red Oak should contact via the website link: https://www.findmypub.com/properties/view/28587?utm_source=website&utm_medium=normal_listings&utm_campaign=&utm_term=&utm_content=button

The sale was brokered by Simon Jackaman of Fleurets’ East office. Adding Bunn said, “This excellent addition to our diverse pub estate is part of our ongoing focus to grow the Red Oak pub business further through a strong acquisition strategy”.

ENDS

Background Red Oak Taverns

Founded in 2011 by Aaron Brown and Mark Grunnell, Red Oak Taverns is an entrepreneurial national pub company which comprises over 200 mainly leased and tenanted pubs.  The Company is privately-owned by its co-founders and a small number of like-minded individual investors.   The pub estate is mainly concentrated in the South, South-West, North-West and the Midlands.  Red Oak Taverns prides itself on its flexible partnerships with its Tenant Partners with the aim of developing long-lasting relationships.

Further details can be found on the Company’s website: www.redoaktaverns.com


For further press information on Red Oak Taverns contact:

Elaine Beckett

Phone – 07802 782115

E-mail – elaine@darlscommunications.co.uk