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28 October 2021 | Hotels

New ownership secured for The Burcott Inn, in Somerset through Christie network

Specialist business property advisor, Christie & Co, is delighted to announce The Burcott Inn, a pretty 16th century village pub with letting rooms in Wookey has been sold for the first time in 27 years. Funding for the purchase was secured by Christie & Co’s sister company, Christie Finance.

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Nestled at the foot of the Mendip Hills, just under two miles from Wells, The Burcott Inn is an excellent base to explore the many nearby attractions. These include the famous caves at Wookey Hole, Cheddar Gorge & Caves, Glastonbury Abbey, Glastonbury Tor, Stourhead, Muchelney Abbey and the Fleet Air Arm Museum.

The traditional Somerset pub has origins dating back to the late 1500’s, with some parts of the original building still remaining. However, the site has been added to significantly over the centuries and now comprises the main pub, large beer garden and four self-catering cottages housed in the original stables.
 
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The business has been owned and operated by Ian and Anne Stead since 1994, who brought up their family at the same time as running the village pub. Following the sale, they plan on travelling with their campervan to Portugal before returning to the area and looking to purchase a home.

They comment, “We wish the best of luck to the new owner’s and feel confident our business that we operated for 27 years is in good hands.”

The pub has been purchased by husband-and-wife team, Jeanine and Harish Kumar. They will be relocating back to the UK to run the business, after living in Dubai for the past 20 years.

They comment, “Together with Harish’s background in the hospitality industry and our love of the West Country, The Burcott Inn in Wookey was the perfect choice for our family of four plus two dogs, to make our new home and start our business at this warm and traditional inn. Chef Harrie will be heading up our team in the kitchen, serving modern pub food with an interesting twist. He’s built an enviable skillset working in various world class restaurants over the last 30 years, so you can expect some delectable delights! We are excited to bring our passion for good food and good cheer to Wookey and we aim to support the community by using locally sourced produce.”

Funding for Jeanine and Harish’s purchase of The Burcott Inn was secured by Gary Boyce, Director at Christie Finance.

Gary comments, “It was a pleasure to assist Jeanine and Harish throughout the process of securing funding and completing the purchase of the Burcott Inn. By focusing on their strong background and skills in the sector, we were able to put together a competitive funding package to help them acquire the business and facilitate their exciting future plans. I have no doubt that under their ownership the business will provide a quality offering to the area and I look forward to seeing their vision become reality.”

Nicholas Calfe, Director in Christie & Co’s Hospitality team who brokered the deal adds, “The Burcott Inn attracted a huge amount of interest because of its rural village location, close to the beautiful city of Wells, and the demand for the large grounds on site, which can be used for alternative accommodation such as Shepherd’s Huts. This type of opportunity is very much in demand and premium prices are being achieved so it’s a great time to think about selling if you own a similar business.”

 
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:
Nicholas Calfe, Director – Hospitality
P: +44 (0) 776 424 1295
E: Nicholas.calfe@christie.com
 
Contact the broker:
Gary Boyce, Director – Christie Finance
P: +44 (0) 7974 800 752
E: gary.boyce@christiefinance.com
 
 

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