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 visit the Pubs to Rent page.
The sale is being handled by Fleurets. 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”.
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