Shepherd Cox Hotels has sold a pub and hotel, which is currently closed, within its portfolio to a more ‘well suited’ owner.
Specialist business property adviser, Christie & Co has completed on the sale of the White Rose in Leeming Bar, North Yorkshire, to a locally based coach hire operator, Kevin Procter.
The currently closed public house and restaurant comprises a bar area, separate pool room and dining conservatory in the original pub building, with 15 guest bedrooms in a contemporary extension to the rear of the property, which features a separate hotel entrance.
Previous owner, Shepherd Cox Hotels Ltd, a national chain of hotels, had owned the White Rose since 2016.
Nick Carlile, director of Shepherd Cox Hotels Ltd comments, “We purchased the site as part of a package deal however it quickly became evident that it did not fit our business model. As it was closed and in need of investment, we felt that it would be better in the hands of a more local operator, and we therefore decided that a disposal, through Mark Worley at Christie & Co, seemed the logical solution.”
New owner, Kevin Procter, owns and operates Procters Coaches, a national coach hire company based in Leeming Bar.
He comments: “We now have plans to refurbish and reopen the White Rose, creating something the town can be proud of.”
Mark Worley, director at Christie & Co, handled the sale and comments: “This is yet another example of the demand for North Yorkshire pubs, hotels and coaching inns and follows on from recent Christie & Co sales, including The Bolton Arms at Redmire, The Crown at Roecliffe, The Nags Head at Pickhill and The Hambleton Inn near Thirsk.”
The White Rose was sold off an asking price of £380k for the freehold interest.