The new owner of a popular pub is preparing to "breathe new life" into the establishment.
The former Royal Standard, in Queens Road, Brighton, has been snapped up by a London based investor.
Flude Property Consultants concluded the sale of the pub, which is situated just south of the city’s railway station.
A mid-terrace five storey building, the pub could be found on the ground floor, with stores, toilets and a kitchen on the lower ground floor.
The first floor provided a one-bedroom managers flat and the flats on the upper floors had previously been sold off, by way of long leases.
Flude said the London based investor is looking to reopen the pub once refurbishment works are completed.
Flude Director Will Thomas said: “I am delighted to have assisted Admiral Taverns with this sale.
"The property went under offer after a short period on the market and attracted some reasonable interest from cash buyers.”
Flude said the sale represents the latest in a number of recent leisure transactions, with others to be announced in the coming weeks.
They added that, while there is increased uncertainty relating to the market and specifically the leisure sector under the current financial climate, Brighton still seems to be a “popular destination” for operators to be.
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