Northumberland-based businessman snaps up centuries-old coaching inn
Specialist business property adviser, Christie & Co is pleased to announce The Ship Inn, a traditional coaching inn located in Marygate on Holy Island has been sold to businessman and Northumberland local, Terry Maughan.
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Formerly known as the Northumberland Arms until 1995, The Ship Inn has been a feature on Holy Island for several hundred years and is perfectly located for visiting the island’s main attractions, including Lindisfarne Castle, the Harbour and the Priory. The inn is adorned with nautical artifacts, various photographs and paintings showcasing the island’s rich history and features a popular landscaped beer garden along with four en-suite guestrooms.
The previous owners, Andrew and Janice Hnat have owned the inn for 17 years and made the decision to sell to retire.
The new owner, Terry Maughan operates several licensed and hospitality businesses across the Northumberland region, many of which he has acquired through Christie & Co, the most recent being Alnwick Squash Club and before that, The Manor House on Holy Island. Now one of the largest independent pub-hotel operator in Northumberland, The Ship was an obvious acquisition for Terry and his team. They’ve inherited a fantastic business with an excellent team of staff who will continue to operate The Ship.
David Cash, Director in Christie & Co’s Hospitality team, who handled the sale, comments, “The Ship Inn is a fantastic example of a centuries-old inn which has been incredibly well maintained by its former owners. Andrew and Janice have done a fantastic job at building the inn’s reputation as a warm, welcoming freehouse and it’s been an absolute pleasure to act for them in their pursuit of retirement.
The Northumberland Coast continues to be incredibly popular with our buyers and in the last two years alone we’ve brokered lots of sales, including; Oasis Coffee Shop on Holy Island, The Barn at Beal just over the Causeway, The Olde Ship at Seahouses and the Shoreline Café at Craster to name a small handful. Demand continues to outstrip supply and we’re actively seeking to bring new opportunites to market.”
Previous owners, Andrew and Janice Hnat, “From our very first contact with David Cash, we were most impressed with his efficiency and how he handled the sale; nothing was too much trouble. With that in mind, for anyone considering the sale of their business in Newcastle, Christie & Co should be the first choice of agent.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
David Cash, Director
P: +44 (0) 7736 621 023 or E: david.cash@christie.com
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