Three-star hotel fetches close to £1.5m
The three-star Henbury Lodge hotel in Henbury, near Bristol, has been sold for close to its £1.5m asking price. After nearly 20 years of ownership, the Pearce family has sold the Georgian hotel to Hsaio Mei Gibbons, who will run the hotel with her children Lawrence and Chantelle. The property has 21 bedrooms and a 26-seat restaurant. The agent was Christie & Co.
Oxfordshire's Peacock hotel sold
Martin and Susan Roberts have bought the Peacock hotel in Chinnor, Oxfordshire, for close to £1.5m. The property is a hotel and gastropub. It has 26 letting bedrooms and 60 seats in the pub. There are also five staff bedrooms. Martin has more than 30 years' experience in hotels and is planning to buy more hotels in the area. The agent was Forum.
Young's sails into High Barnet
London brewer Young's has bought the Lord Nelson, a pub in High Barnet, north London. The asking price was £675,000, and it was sold for just more than this figure. The pub has an 80-capacity bar area plus a dining area for a further 20 people. The owner's accommodation has three bedrooms. Business Sales Group was the agent.
Penrith guesthouse gets new owners
Glendale Guest House in the centre of Penrith, Cumbria, has been sold for close to £360,000. Moira Barrett and Nancy Phillips from East Yorkshire have bought the seven-bedroom property, which has three-bedroom owner's accommodation. The agent was Colliers Robert Barry.
Publicans buy May Cottage
Len and Sue Casey have sold the leasehold of their pub to buy May Cottage, a three-bedroom guesthouse in Bowness, Cumbria. The property, which has owner's accommodation comprising three bedrooms, was sold for close to £375,000. Colliers Robert Barry was the agent.
Sale and leaseback in Hayes
The Garth hotel in Hayes, Middlesex, has been sold in a sale-and-leaseback deal through agent Christie & Co. The 47-bedroom hotel was bought by a private client for a sum believed to be near its asking price of £2.5m. The leasehold was then sold back to Mohamed Aslam and Sam Afzal.
First-time buyers settle for the Knowle Inn
The Knowle Inn in Bawdrip, Somerset, was on the market at £110,000 for the leasehold and fetched just below this when it was sold through agent Christie & Co. The only pub in the village, the Knowle Inn has a 16-seat public bar, a 20-seat lounge bar, a 22-seat restaurant and a 14-capacity family room. On the first floor there is a function room to hold up to 25 people and an owner's one-bedroom flat. There are also two other bedrooms previously used as B&B accommodation. The new owners are industry newcomers Peter and Christina Matthews.