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29 April 2019 | Pubs

Ye Olde Inn on the edge of the Cotswolds Hills sold to local buyer

Specialist business property adviser, Christie & Co has sold Ye Olde Inn, situated in the picturesque village of Westerleigh in South Gloucestershire, on the edge of the Cotswolds Hills.

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Occupying a Grade II listed property, Ye Olde Inn presents a traditional and characterful feel, with the building dating back to the 17th century and some parts dating back as far as the 13th century. The interior trading areas still retain most of the period features including open fireplaces and exposed beams and the inn comprises two bar areas for over 50 covers altogether, a 30 cover conservatory dining room, and a snug. 

The site also provides plenty of outside space, with a garden and trade terrace to the rear of the property for guests to enjoy in the summer months.

Due to its idyllic location in Gloucestershire and proximity to the Cotswolds, a popular tourist hotspot, the inn caters to the high numbers of visitors to the area and passing trade.

Ye Olde Inn was purchased by a local, first time buyer in the sector, Jason Toogood, who is based in Pucklechurch and owns a haulage firm. Jason is retaining the existing manager to continue running the pub and has plans to carry out improvements and redecorate the inn. Jason comments, “I’m very excited to have purchased Ye Olde Inn, we have lots of plans to restore the building and return the pub back to its former glory.”

Nicholas Calfe, Director based in Christie & Co’s Bristol office who handled the sale, comments, “We are pleased this historic pub has been sold to a local buyer who knew all about its history and is looking to preserve the building and ensure its future as a vibrant village community pub.  

“There is high demand for freehold pubs in the Bristol area, particularly those with a strong following and reputation, such as Ye Olde Inn, and with the support of the local community, we are sure that the pub will continue to thrive.”

Ye Olde Inn was sold off a guide price of £395,000 for the freehold interest.