10/3/2023 | Pubs

Peach Pubs set to operate the Three Horseshoes in Letchmore Heath following leasehold deal brokered by Christie & Co

Specialist business property adviser, Christie & Co, has secured a new tenant for The Three Horseshoes in Letchmore Heath. The pub will now be operated by regional UK pub company, Peach Pubs.


Standing for over two centuries, The Three Horseshoes is located in a beautiful rural Hertfordshire village and has been an excellent reputation for its premium food and drinks, attractive garden and patio areas.

The traditional village pub was purchased in 2020 by Mark Cherry, Director of Caraeno Limited, and underwent a substantial refurbishment programme, to meet the demands of the affluent local community. Having reopened in Spring 2022, the business has now completed its first full trading year successfully.

This influenced Mark’s decision to create a new lease and secure a tenant capable of continuing the success of this fantastic Hertfordshire pub business, enabling him to switch his attention to other projects.

Mark comments, “We’re very excited to see Peach Pubs take over the day-to-day operations of The Three Horseshoes. Their passion for and expertise in running a neighbourhood local that offers great food, drinks and a welcoming atmosphere aligns perfectly with our own ethos and what we set out to create at the pub.

“We looked to Christie & Co to advise us with the new tenant search because they are regarded as one of the most prominent agents in the restaurant & pub market, who provide excellent customer service and we weren’t wrong.”

Chris Stagg, Director at Peach Pubs also comments, “The Three Horseshoes is an absolutely gorgeous pub that occupies a special place in the village and is enjoyed by guests from across the county, and we are thrilled to say it is now one of ours,” 

“We are known as being a collection of really great pubs, in market towns and villages in the heart of England with two wonderful pubs already in Hertfordshire, that serve good quality, fresh, honest food and drink in relaxed, friendly surroundings. 

“Peach has the ability to take smaller pubs, sub 100 covers and still create a viable local business. Our extensive research into the local guests, ensures we can match our offer and price points, giving local folk a genuine reason to visit and, as in this case, build a genuine partnership with the landlord.”

The deal was brokered by David Wilson, Associate Director in Christie & Co’s London Pubs & Restaurants team. He comments, “We are delighted to confirm that an agreement has been reached on a new lease at the Three Horseshoes in Letchmore Heath. Our instruction was to confidentially secure a strong covenant and fantastic operating company for our client’s freehold property, and we are delighted to announce that we have achieved this mandate by securing a long-term lease with the award-winning Peach Pub Company.”

For further information on this press release, contact:

Bronte Hughes, Corporate Communications Manager

P: 020 7227 0794 or E: bronte.hughes@christie.com

Contact the agent: 

David Wilson, Associate Director - London Pubs & Restaurants

P: 07764 241 364 or E: david.wilson@christie.com

Visit Christie & Co’s Business Search page to find out more about current hospitality listings.