One of the best known gastropubs in the Harrogate district has gone on the market for £1.2 million.
The General Tarleton at Ferrensby, near Knaresborough, closed several months ago.
Leeds business broker Christie & Co is now marketing the freehold for the property, which comes with 15 en-suite bedrooms, a 90-seat restaurant and a private dining and function room. The 0.8-acre site also includes a car park and outdoor terrace.
The marketing details say:
“This impressive and imposing coaching inn boasts a wealth of period charm including oak beams and exposed stone walls and flooring and has been recently refurbished and upgraded to an excellent standard by the present owners, and very much deserving of its AA five-star inn accreditation.”
Father and daughter Jonathan and Sarah Morris spent £500,000 refurbishing the venue after taking over from previous owners, Suzanne and John Topham, in 2021.
The marketing information adds:
“The sale represents an excellent opportunity for an owner operator or hospitality-led group to capitalise on the significant capital investment made by the current owners, as well as the enviable reputation and client base, and to take the business to the next level.
“The business has only been trading in the hands of the current owners since mid 2021 but in that time, they have carried out a significant revamp and overhaul or the building and the operation. Turnover for the 12 months to the end of October 2023 is around £850,000 with trade splits as follows: food 42%, drinks 26% and rooms 32%.
It also says the site has “the possible option of further expansion and development, subject to appropriate planning permission”.
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Village pub near Boroughbridge put up for sale
A village pub near Boroughbridge which was once well-known as a wedding venue and dining destination has been put up for sale.
The Crown Inn at Roecliffe has been listed by Christie & Co, with an alternative option for it to be let to “an experienced and credible operator”.
The pub, which has a function room seating 80 people as well as space for 80 covers in its restaurant and bar, is on the market for £875,000.
It includes five en-suite letting rooms as well as outside dining space and a car park, and the purchase would include “the majority” of its fixtures and fittings.
The description by Christie & Co says:
“The Crown Inn presents an excellent opportunity for an experienced operator to purchase a large, characterful hospitality property in an extremely desirable location. An established business which previously upheld a fantastic reputation.
“Historically, annual turnover was [circa] £1.2m (£25k per week net of VAT). In the hands of an experienced operator there is huge, tangible potential for The Crown Inn to re-establish itself as a bustling village pub, wedding/events venue and destination restaurant with rooms.”
The particulars say the owner’s preference is for it to be sold, but it could be rented for £60,000 per year on a 10- or 15-year agreement. A one-off payment of £15,000 would be required for the fixtures and fittings.
The Crown Inn has been closed for around a year, with the particulars saying this was down to “being underfunded and significantly impacted by the pandemic”.
Its lessee was Chris Hannon, who ran a number of pubs around the UK, and was last month reported by the Mirror to be facing bankruptcy after his previous company fell into liquidation in 2020.
The pub is understood to be owned currently by a number of villagers who bought the premises in 2018.
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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:
“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:
Masham restaurant founders to sell business after 16 years“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.”
The owners of a fine dining restaurant in Masham have put the business up for sale after 16 years at the helm.
Jon and Laura Vennell opened Vennell’s Restaurant on Silver Street in 2005.
Since then the restaurant founders can boast 14 consecutive years in the Michelin Guide, the Good Food Guide and the AA Restaurant Guide.
Vennell’s is set in a large Grade II listed Georgian property, which has recently been refurbished. The restaurant is on the ground floor and there is accommodation on the first and second floors.
Inside the restaurant.
However, Mr and Ms Vennell have decided to move on and have listed the restaurant for sale at an undisclosed fee with Christie & Co. They said in a joint statement:
“Now in our 17th year as guardians of this amazing building, it is time to pursue our next adventure. The locals have always supported the restaurant on this site, which dates back to the 70s.
“The building, following an extensive renovation both inside and out this year is in exceptional condition, as is this business breaking all records in the last four months.
“The scope to run this restaurant more as a business than a lifestyle is massive.”
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David Cash, associate director in Christie & Co’s hospitality team, is handling the sale. He said Vennell’s was “a quality eatery and presents massive potential”. He added:
“Ordinarily town centre restaurants are held on a leasehold basis and rarely do freehold opportunities like this one present themselves.
“In addition, rarely do hospitality business premises come with such substantial living accommodation.
“Vennell’s presents an opportunity for an experienced chef to live and work in an immaculately presented property, which has seen a great deal of investment recently.
“Not only that, but they stand to benefit massively from the reputation that Jon and Laura have built over the past 16 years.