Latest News

DOCKRAY HALL, PENRITH - LET TO OSPREY MANAGEMENT

01 Nov 2019

Acting on behalf of private clients this popular historic Penrith pub has been let to local established leisure group Osprey Management, operators of the Galloping Horse, Workington.

This historic and characterful inn, formerly the Gloucester Arms, enjoys a rich history dating back to the early 15th century. Once the home of King Richard III and reputedly with an escape tunnel linking the property to Penrith Castle.

A large number of enquiries were received following the property being put on the market with 6 applications including from a number of local operators.

The successful lessees intend to trade shortly following a brief program of refurbishment capitalising on the attributes of this fine property and central location. Osprey Management Group have extensive experience in hospitality, founded by Ronald Thompson, originally born in Workington and now with interests across a wide area including North America.

STRONG DEMAND IN SILSDEN

31 Oct 2019

Three units quickly dealt off-market ...

A fast growing clients' anticipated move to new premises necessitated finding new occupiers for 3 units at Belton Road, Silsden in early 2019.

Terms had been agreed on all by June, lettings of two units together with the sale of a third (part let to others).

The achievement of these deals demonstrates a continuous strong demand for good quality accommodation in this location, freehold and leasehold, all representing a very smooth exit to their new HQ for the client. 

NEW INDUSTRIAL DEVELOPMENT FOR SKIPTON

25 Oct 2019

Following acquisition from the administrator, Turner Developments are to undertake an exciting development of premises on Snaygill Industrial Estate to provide new industrial units up to approx 2880 sq.m/30,000 sq.ft.

Available in conjunction with Joint Agents Atkinson Associates the premises are available on either a freehold or leasehold basis, with accommodation able to be modelled to meet individual occupiers' specific requirements.  

Situated close to the entrance of the established Snaygill Industrial Estate the site occupies a prime location and includes good private yard space for deliveries/parking.  

Update (November 2019) - following lettings of unit 1A to Screwfix (trade counter) and unit 2 to PV Dobson (agricultural engineers) just 11,000 sq.ft approx remain (freehold/leasehold).

SKELTON BUSINESS PARK, CROSS HILLS

31 Jul 2019

Acting on behalf of Dalesview Developments Limited terms were quickly agreed for the sale of unit 6 - a new build industrial unit of approx. 465 sq.m (5,000 sq.ft) off an asking price at £450,000.

With the foundations laid and steelwork awaited interest was quickly shown by a number of parties, terms effectively agreed 'off-plan' and the successful bidders taking occupation within days of practical completion.

There remains a very strong demand for good quality warehouse/distribution units in the general Craven area, both on a freehold and leasehold basis.

HISTORIC CUMBRIAN PUBLIC HOUSE ON THE MARKET

17 May 2019

Following its comprehensive refurbishment Dockray Hall, Penrith (formerly The Gloucester Arms) seeks new operators.  

At one time the private home of Richard III, these are long-established and characterful premises - the quintessential historic Public House offering bars and dining, the trade areas beautifully restored throughout with innumerable original features including wall panelling, Inglenook fireplace, beamed ceilings etc..  

The property is situated in the centre of Penrith, a focal point for the Lake District and surrounding areas - popular year round with visitors, this and the strong local population ensuring a significant potential trade catchment.  Following their very successful relaunch to the market approx 18 months ago the premises are available to allow the present owners to concentrate on their nearby businesses.  

Taking the view that securing of the right operators for this unique opportunity is the paramount goal, the premises are available on generous new (private) lease terms (alternatively available freehold).  

STANLEY FERRY - SOLD

09 Nov 2018

Acting on behalf of the Canal and River Trust, Westlake & Co  have sold the Stanley Ferry to the sitting tenant, Greene King in a deal that represents a gross yield of 6.55%  based on the passing rent.

Currently trading as Hungry Horse Restaurant and Bar, the property is located at the confluence of the Aire and Calder Navigation Canal and the River Calder approx. 2 miles North East of Wakefield.

Included in the deal is a marina that is sub-let.

The lease term is for 99 years from 1994 subject to a 5 year rent review pattern with no tenant break option and the rent review is assessed at the greater of Base Rent or 6% of turnover net VAT.

The deal was struck privately between the parties and the investment was never publicly marketed.

Jonathan Tinsley oversaw the deal for CRT and Graham Kelly represented the Tenant Company.

FORMER KORKS WINE BAR/BRASSERIE (OTLEY) SOLD - RE-DEVELOPMENT PLANNED

09 Jun 2018

Converted to create a Wine Bar & Restaurant approx 30 years ago, Korks established a reputation far beyond the town and over a period of years, further enhanced with the development of the Function and Music Suite at the rear in more recent years.  All good things come to an end.... with the retirement of Chris Payne, its characterful owner, the property was placed on the open market for sale in the Spring.  

Otley is not short of licensed premises, being singular as the only town in the UK where all public houses are listed as an ACV (Asset of Community Value - affording protections as to their status) - this notwithstanding, interest in the site was received from a number of corporate operators keen to capitalise on the opportunity.  

The successful buyers intend to completely re-model the building and accommodation to create a vibrant new of venue for the town - and a different offering within the already well-established central trade circuit.

THE CROSS KEYS NEW PUBLIC HOUSE DEVELOPMENT PROPOSED…….

20 Mar 2018

Skipton's long standing and widely known Cross Keys fronting Otley Road on the edge of the town centre has been sold on behalf of ei Group Plc following a short period of marketing and high degree of interest.  Enquiries were received from a wide range of licensed trade operators (including for Restaurant/Brasserie development) leading to the invitation of best and final offers and a number of bids being received.

Successful bidders were the dynamic and emergent BurningNight Group (operators of the successful Potting Shed and Fire Pit brands) having plans to transform these historic premises into a modern licensed venue.  

With extensive bar and dining accommodation plus extensive external areas front and rear - all within walking distance of the town centre - the transformation of this site is eagerly awaited.  

THE WESTFIELD HOTEL, (FORMER HARRY'S CARVERY), WYKE BD12 9DP - BEST OFFERS INVITED

07 Jan 2018

The availability of the former Westfield Hotel (fronting the busy junction of the A58 Halifax Leeds and B6120 Roads – close to the Chain Bar M606 M62 Junction) created significant interest – both from continued licensed trade operators and alternative occupiers/users (including developers).

With large car park (site of approx 0.19Ha/0.47A) the premises are suitable for a wide variety of outcomes, best and final offers ultimately being invited and securing a quick and very successful sale.  

It is anticipated that the purchasers will re-develop the site....

THE CROWN, ADDINGHAM - ACQUIRED BY AUTHENTIC ALE HOUSES

01 Nov 2017

Fronting the main street in the middle of Addingham, this popular Wharfedale village Freehouse has been acquired by BurningNight Group within their Authentic Ale House brand.


The property was offered for sale on the open market on a discreet basis, attracting a good deal of interest from both private buyers and corporate operators. Capitalizing on the the traditional character of the property, with boarded/beamed ceilings, open fires etc. the purchasers intend to carry out a program of development to extend the trade areas including new external drinking area.

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