11/17/2022 | Pubs

Village pub with rooms in West Sussex sold to experienced restaurateurs

Specialist business property adviser, Christie & Co, is delighted to announce the Coach and Horses, a village pub with rooms in Compton, Chichester has been sold and is set to reopen under new ownership.

Coach & Horses

The characterful Grade II listed property enjoys a prominent position in the centre of Compton and features a sizeable bar and restaurant space, and three letting rooms which were opened in 2019. There is also one-bedroom owner’s accommodation. 

During the Covid-19 pandemic, the previous owners decided to close the pub and focus on other interests. There remains further scope to develop the business and capitalise on trade from the surrounding affluent villages, walkers, cyclists, and tourists visiting the nearby South Downs National Park.

Following the pandemic, the new owners, who wish to remain private, relocated to the South Downs area, and decided to invest in their first pub venture. With a background in restaurants, they plan to put their skills to use and undertake an extensive refurbishment.

They comment, “We fell in love with the area and are very excited to take on this new adventure. We feel grateful for the community support that has been shown for the refurbishment, and various future events that we have planned. The local residents have expressed how excited they are to see the village pub revamped and our local MP, Gillian Keegan also popped in to wish us luck.”

Richard Wood, Regional Director – Pubs & Restaurants at Christie & Co, who brokered the deal, adds, “I am delighted to have sold the Coach and Horses and have no doubt that the new owners will make the pub a tremendous success, given their plans to undertake an extensive refurbishment program. This is a great example of the deals currently taking place due to the ongoing buyer demand for quality pubs. The regional pub market remains active, despite the current market headwinds and we have plenty of buyers looking for opportunities.”

The Coach and Horses was sold on a freehold basis, off a guide price of £495,000.

For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
M: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com

Contact the agent:
Richard Wood, Regional Director – Pubs & Restaurants

M: +44 (0) 7778 880 583 or E: Richard.wood@christie.com  

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