Riverside pub in Cantley sold to new owners

A POPULAR waterside pub within the Norfolk Broads has been sold to new owners who already have plans to expand the business.

The Reedcutters in Cantley, which sits next to the River Yare, has been taken over by local couple Peter and Lisa Morris who snapped up the large two storey watering hole after it went on the market earlier this year.

They were among several interested buyers from across the UK who were eager to take on pub due to its unique location.

In recent years the Reedcutters, formerly known as the Red House, has been extended to include public and lounge bars, a games room and restaurant, which caters to customers both on foot and afloat, as it also includes 30 riverside moorings.

And the new landlords, who have previous experience of running pubs and are also boating enthusiasts, now want to further expand the business by building on its food trade and developing the letting accommodation.

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Simon Jackaman, from Simon Jackaman Associates - the agents that sold the pub - said anything located on or close to the Broads 'genuinely sells very well' and there had been several offers for the Reedcutters.

He added: 'The fact that the pub trade in general has been adversely hit by the economic climate since 2007/8, this is a typical example that there are many buyers looking for the right opportunities to come along.

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'This was the case with Peter and Lisa who will invest to further develop the pub's potential and we wish them well for their future.'

The leasehold for the Reedcutters went on the market with an asking price of �39,950 but the eventual selling price was not disclosed.

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