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Sept 2022

Last Updated: 22/09/2022

Malt Shovel pub near Knaresborough up for sale

by Vicky Carr

| 22 Sept, 2022

The freehold of The Malt Shovel at Brearton has been listed for sale at £550,000 after owners Charlotte and Les Mitchell decide to sell.

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:

“When Les and I moved from the Scottish Highlands with our young children, we chose The Malt Shovel because of its prime setting in a beautiful village, within the aptly named 'golden triangle' between Harrogate, York and North Leeds.

“We fell in love with the sizeable and atmospheric, yet always welcoming, bar and dining areas and the four-bedroom apartment upstairs was perfect for our family. In fact, Brearton and The Malt Shovel ticked all the boxes.

"That was back in 1994 and 28 years later that has not been altered. It is still a superb village to live and work in and the catchment area remains affluent, popular and aspirational.

"The current lease is coming to an end, and aged 74 and 62, we think it's time to pass this iconic building and business on to a new enthusiastic owner who can take it forward."

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:

“The sale of The Malt Shovel in Brearton offers an exciting opportunity for a new owner to carry on a highly reputable hospitality business or alternatively, acquire a great piece of real estate with potential for multiple uses, in a highly desirable village.

"There is a real shortage of good quality freehold, free of tie, properties on the market in North Yorkshire currently and the business is offered for a fantastic price, so we don’t expect it to be on the market for long.”

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Malt Shovel pub near Knaresborough up for sale

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