The Newcastle hotel was sold as agents also set their sights on other pubs
Knight Frank has acquired luxury boutique hotel Jesmond Dene House in Newcastle on behalf of Kronen Hotels Ltd for an undisclosed sum. The 40-bed hotel, a Grade II-listed Arts and Crafts mansion once home to Sir Andrew Noble, a partner in Victorian industrialist Lord Armstrong’s engineering works, has been sold by its previous owners due to their impending planned retirement.
The transaction was an off-market deal.
The new owner wants to invest in the property and expand its excellent reputation as a high-quality hotel, restaurant and event venue.
A spokesman for Kronen Hotels said: “We are proud to become the managers of Jesmond Dene House. We are very aware of the responsibility we bear.”
Specialist commercial property advisor Christie & Co has successfully completed the sale of the Bird in Bush Inn in the historic Northumberland village of Elsdon.
Beautifully situated in Northumberland National Park, the Bird in Bush Inn has warmly welcomed visitors, particularly the area’s many walkers and cyclists, for centuries.
The 18th century property is one of four pubs in the village and has recently undergone a major renovation. The pub is currently owned and run by Jackie Jones, who is now selling it to retire.
Christie & Co has also been appointed to market The Three Horseshoes, a popular family-friendly village pub on Hatherley Lane in the village of Horton, near Blyth, Northumberland.
Richard and Patricia Cavner have owned the pub for almost 30 years and ran it themselves for a long time before transferring a lease to the current tenant, who has spent several very busy years there but has decided to move.
The pub is for sale freehold and is priced at £595,000.
Christie & Co also markets The Copper Horse, an award-winning restaurant in the thriving and developing town of Seamer in Scarborough. The owners want to lease the space to an Indian or Pan-Asian restaurant operator.
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The Copper Horse is an established and popular village restaurant known for its English home cooking and special occasions. Originally it was a 300-year-old collection of farm buildings. First it was The White Horse pub and then became The Copper Horse restaurant in the early 1970s when it was bought by the Price Stephens family. The current owner, entertainment entrepreneur Nick Thomas MBE, bought the business in 2005.
The Copper Horse can be rented without commitment for a term of 10 years (possibly longer by agreement). The property is rented on a full repair and insurance basis.
