Popular Ettington pub sold through Christie & Co
Specialist business property advisers Christie & Co have successfully completed the sale of The Chequers Inn, in Ettington, close to Stratford Upon Avon in Warwickshire.
An attractive, detached two storey gastropub, The Chequers Inn is furnished to a high quality throughout and comprises of a dining area for up to 40 covers and a central bar servery with seating for 20, plus five bedroom owner’s accommodation with a separate entrance. Externally, the property boasts car parking and a well kept trade garden to the rear.
Prominently positioned on the Banbury Road, The Chequers Inn is located in easy proximity to the popular and affluent towns of Stratford-Upon-Avon, Warwick, and Leamington Spa. The venue enjoys an excellent reputation among the local and wider community, featuring in both Tripadvisor's "Hall of Fame" and Alastair Sawday's "Special Places" every year since 2011, as well as being recommended in the Michelin Guide from 2008 onwards.
Previous owners, James & Kirstin Viggers, decided to move on in order to exit the trade altogether and try something completely different. They comment, “Josh at Christie & Co has been great throughout the whole process. Nothing was too much trouble for him, his communication with us was of a very high standard. He took care of the liaising between all the solicitors, banks and various parties involved in the deal, allowing us to continue running our business up until the sale was completed.”
The new owner of The Chequers Inn, Paul Bhandal, secured funding for the purchase following support from Christie Finance, and was a first time purchaser.
Joshua Sullivan, Business Agent at Christie & Co who handled the sale comments, “The sale of the Chequers Inn indicates the appetite is still strong for the pubs market and this was a great opportunity in the market to build on a strong investment. This particular property generated several offers from seriously interested parties with Paul Bhandal being the final winning bidder.”
Stuart Pawelczyk, Director of Christie Finance commented, “It was a pleasure working with the Bhandal family in arranging their funding for The Chequers, they’ve acquired a quality asset and under their ownership I’m sure the business will go from strength to strength. Whilst funding in the licensed and leisure sector remains challenging, using our sector knowledge we were able to secure the funding they required.”
The Chequers Inn was sold off an asking price of £799,999.