Traditional pub in the heart of Hunmanby sold to local publicans through Christie & Co
Specialist business property adviser Christie & Co has successfully completed the sale of The Cottage Inn in Hunmanby, North Yorkshire, to experienced local publicans, Darren and Lisa Forsyth.
Located in the heart of Hunmanby village and well known for its friendly atmosphere, The Cottage Inn has established a great rapport amongst locals and visitors alike. The pub has been run as a wet-led managed house but offers great potential to introduce food services in the future.
The new owners, Darren and Lisa Forsyth originate from Wakefield and manage a portfolio of hospitality businesses across Yorkshire, including the local Filey Sports Bar & Lounge and several similar pubs in Wakefield.
Sam Ashton, Business Agent – Hospitality at Christie & Co, who handled the sale, also comments, “It was a pleasure to sell The Cottage Inn on behalf of the vendor, Paul Cowley. Paul had liaised with two other agents when he was looking at putting the business on the market and we were able to achieve well above their guide prices. Given Hunmanby’s thriving coastal village and stable annual tourism, the pub has tremendous potential, and we look forward to seeing Darren and Lisa take it forward.
Funding for Darren and Lisa’ purchase was secured through Stephen McConalogue, Associate Director at Christie & Co’s sister company, Christie Finance. Stephen comments, “The pub sector is always a challenging sector and having an experienced broker who can understand the structure of the deal is pivotal when gaining the funding required, which was demonstrated through this deal. I wish Darren and Lisa all the best for the future, and I am sure they will make The Cottage Inn a great success.”
Previous owner, Paul Cowley concludes, “I would like to thank Sam at Christie & Co for his professionalism, excellent service, and advice during the sale and completion of The Cottage Inn.”
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Bronte Hughes, Corporate Communications Executive
P: 07721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Sam Ashton, Business Agent – Hospitality, Christie & Co
M: 07701 315069 or E: sam.ashton@christie.com
Contact the broker:
Stephen McConalogue, Associate Director – Christie Finance
M: +44 (0) 7590488475 or E: Stephen.McConalogue@christiefinance.com
