372-year old coaching inn on the market for £1.5m

A historic coaching inn in Derby is up for sale with a price tag of £1.5m.

The Old Bell Inn, one of Derby’s oldest buildings, has been offloaded by local businessman Paul Hurst, who, in 2012 invested £1m in refurbishing the venue.

Hurst said: “After a decade of hard work, it is time to hand the baton over to someone else who can take the business to the next level. That is why we engaged Christie and Co, who I know will find the right owner to look after the building and fully appreciate its heritage and importance to our city.

“Following the sale, I will be proud to join a long list of people who have made their mark on this incredible building over its 372 year history but our many loyal customers should be reassured that it will continue to be business as usual throughout the transition to new ownership.”

The building features five bars and several function rooms, including its Grand Regency Ballroom, as well as a 60-cover restaurant. The former hotel rooms are currently used as storage and office space.

Gavin Webb, senior business agent at agent Christie & Co, said: “The Old Bell Hotel is a property of historic significance in Derby and opportunities of this nature rarely come to the market. New owners will have the opportunity to further develop the business by creating up to 12 letting bedrooms in the upper floors of the premises.”