22 August 2016 | Pubs

White Horse in Whepstead welcomes new riders

Whepstead’s White Horse pub looks set to ride again after being taken over by new owners thanks to a sale conducted by specialist business property adviser Christie & Co.

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The popular local venue, which has been rewarded with an AA Rosette for the quality of its food and drink offering, opened in its current format in 2009, following a major refurbishment by the previous owners.

The two-storey pub, believed to date from the early 17th century, is located in a picturesque setting within the village of Whepstead, Suffolk,  and has been purchased by experienced operators Lee and Hanna Saunders, who have decided to take over the pub now their children are of school age.

The sale was conducted by John Grace, Associate Director in Christie & Co’s Ipswich office. He commented, “We’re delighted to have helped Lee and Hanna buy this valued and popular pub.

“We’ve seen business ramping up dramatically, particularly since last summer, with Q1 2016 being far busier than its counterpart last year. It feels like there has been an extreme build-up of demand for quality pub businesses over recent years, and during a period when businesses were only sold when they were distressed, or had to be sold due to the owner’s circumstances, this pent up demand stalled the market.

“Lee and Hanna are experienced operators, and we’re sure that they will enable the White Horse to thrive. We wish them all the very best in their new venture.”

The White Horse at Whepstead was sold off an asking price of £350,000.