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01

Jun 2023

Community
Community

Village pub near Boroughbridge put up for sale

Published: 1 Jun 2023, 16:36 BST

Updated: 1 Jun 2023, 16:40 BST

by Vicky Carr

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crown-inn-roecliffe

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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