Pub company buys North Yorkshire coaching inn

A traditional North Yorkshire coaching inn has been sold.

Specialist business property adviser, Christine & Co, has found a buyer for The Holly Hill Inn, Richmond. The freehold was sold for above the asking price of £625,000.

Situated on the edge of the Yorkshire Dales National Park, the inn is also along the coast-to-coast walk from St Bees in Cumbria to Robin Hoods Bay on the East Coast. It features a beer garden to the rear, offering views of Richmond Castle.

Four en-suite bedrooms are situated in a separate building to the rear of the property.

Having owned and operated the business for a number of years the previous owner, Les Calvert, made the decision to sell in order to retire from the sector.

He said: “I’ve had regular calls and meetings with David Cash from Christie & Co for a number of years, so when the time came to sell I felt confident in his ability,

“David found me a buyer at the start of this year and he worked hard to ensure the deal progressed at the earliest opportunity, despite the challenge of lockdown at around the time contracts were due to exchanged.”

The business has been purchased by Trust Inns, one of the UK’s longest standing, privately owned pub companies with a national portfolio of 350 venues across the country.

The company has retained the business’ manageress and other staff and intends to run the inn in a similar manner, whilst also looking to grow the business.

Lyn Perry, estates director for Trust Inns, said: “As a company, Trust Inns have a longstanding relationship with Christie & Co and David Cash introduced this site to us earlier this year, as they were aware we were seeking new acquisitions.

“The site is ideal for us and fits our criteria for new businesses. David has been very professional and helpful throughout, managing the process through the problematic COVID period to a successful completion.”

Cash, associate director at Christie & Co, added: “The Holly Hill is a great example of a country pub with multiple income streams which have helped it to bounce back brilliantly since reopening after lockdown.

“We are currently seeing an increased demand from purchasers for hospitality businesses such as this, as many buyers look for an alternative lifestyle, whilst capitalising on the growing popularity for staycations.”

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