Shepherd Neame has completed the purchase of the Crown in Rochester. The freehold was marketed off a guide price of £1,100,000 by Fleurets.
The very popular family owned pub, a substantial grade II listed Victorian building at the northern end of Rochester's historic High Street, reputedly dates back to the 1850s and occupies a prominent corner position in the shadow of Rochester Castle and beside the Medway Bridge. Arranged over three floors plus basement, it includes ground floor bar and restaurant areas and very large function room with views over the river helping make it a very popular venue for major sporting events, at Christmas and for private parties.
Simon Bland of Fleurets brokered the deal and commented: "The Crown is a doyen of the city centre, serving customers since famous local resident Charles Dickens' time. It's a pub in the finest tradition and I'm delighted to have facilitated the sale of such a well-known hostelry to Britain's oldest brewer. It couldn't be in better hands and obviously has a very bright future, especially considering there are around 1,400 new homes currently under construction at Rochester Riverside, which will only increase footfall."
John Barnes, Commercial Estates Manager at Shepherd Neame commented: "Shepherd Neame are delighted to be acquiring a landmark pub in Rochester especially given the ongoing development in the area such as the Riverside development."