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22
Sept 2022
Malt Shovel pub near Knaresborough up for sale
A popular village pub near Knaresborough has been put on the market for the first time in almost three decades.
The freehold of The Malt Shovel at Brearton has been listed for sale on property website RightMove at £550,000.
Owners Charlotte and Les Mitchell have decided to sell up after 28 years, having leased the pub for the last 18 years before retiring to Cumbria in 2015. Ms Mitchell said:
The leasehold of the pub was last sold in 2017 for £40,000.
The property is now being marketed by Christie & Co, including the four-bedroom flat, which the company said gave it "potential to become a residential dwelling" or for letting accommodation.
The particulars describe the pub as "character-filled" but "neither listed nor an asset of community value". The turnover is listed as £467,000, with an annual rental income of £38,000 or 11% of turnover from the current tenants who plan to continue to run the pub until a sale completes.
The pub has 65 covers inside and 35 outside, with parking for 15 cars. Christie & Co said it is currently fully booked for Christmas parties and there was potential to grow trade significantly outside the current opening hours of 12-3pm and 6-9pm Wednesday to Saturday, and noon until 6pm on Sunday, during which it is "trading exceptionally".
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The company highlighted the pub's strong rating on TripAdvisor as well as its position in "one of the most desirable villages in North Yorkshire".
Alex Rex, senior business agent in Christie & Co’s Pubs & Restaurants team, is handling the sale. He said:
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