Traditional North Yorkshire Coaching Inn with views of Richmond Castle sold to Trust Inns

30 September 2020

Christie & Co has sold The Holly Hill Inn, a traditional English coaching inn located in Richmond, North Yorkshire to Trust Inns.

The Holly Hill Inn is a popular retreat for locals and visitors alike. British and continental food along with a variety of local ales and lagers are served in the comfortably laid out pub and restaurant space, which has retained much of its traditional features, including open fires and exposed wooden ceiling beams. The popular beer garden to the rear offers views of Richmond Castle.

The pub has four deluxe en-suite bedrooms situated in a separate building to the rear of the property.

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

Les comments, “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 The Holly Hill I felt confident in his ability, knowledge and experience to get me the best result. 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. I would not hesitate to recommend David and indeed Christie & Co to anybody considering the sale of their business.”

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. They have retained the business’ manageress and other staff and intend to run the inn in a similar manner, whilst also looking to grow the business.

Lyn Perry, Estates Director for Trust Inns comments, “As a company, Trust Inns have a long standing 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. We are confident in his ability to understand our business aims and we are happy to recommend him to potential sellers or buyers.”

David Cash, Associate Director at Christie & Co handled the sale and comments, “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. As company we have brokered the sales of more than 100 hospitality businesses nationwide since 1st April and expect to agree many more deals in the coming months.”

The Holly Hill Inn was sold for in excess of an asking price of £625,000 for the freehold.