Two former West Yorkshire pub sites have been ear marked for affordable housing, after being purchased by a local housing association.
The Raynville public house in Bramley, near Leeds, and the Wallbottle Hotel in Knottingley have been bought by Yorkshire Housing, off guide prices of £275,000 and £250,000 respectively.
Planning permission has already been approved for the demolition of the existing buildings and the erection of residential houses.
The deals were concluded by the Leeds office of Chartered Surveyors Eddisons, on behalf of Punch Taverns.
Stephen Harrison, Associate Director of Eddisons said: ‘Sites like these, with residential planning permission in place, rarely come to market.
‘It is excellent news for both communities that they will be used to increase the amount of affordable housing available.’
Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.
In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.
Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.