Thursday, December 3, 2020

18th century hotel sold in Blyth

Specialist business property adviser, Christie & Co, has completed on the sale of The Fourways Hotel, a closed 18th century Grade II listed hotel in Blyth, Nottinghamshire.

The Fourways Hotel, a landmark building within the East Midlands town since the early 1800s, occupies a site area of approximately 0.46 acres in the centre of the village and is surrounded by residential and commercial properties.

Previously owned by Hawthorn Leisure, a community pub company with a national portfolio of over 700 venues across England, Scotland and Wales, the hotel was brought to market through Christie & Co in July 2020.

Gavin Webb, Senior Business Agent in the Pubs & Restaurants team at Christie & Co, lead the marketing campaign; generating 30 viewings which resulted in several bids and numerous cash offers. Within eight weeks the business was sold in excess of the asking price, with a period of five weeks between the deal being agreed until completion.

Gavin says: “The unprecedented amount of interest and offers we received for the Fourways Hotel underlines the ongoing demand we are experiencing for licensed opportunities in the East Midlands. I would like to wish Rajinder the best of luck with his plans for the site.”

The Fourways Hotel was sold in excess of the £220,000 asking price.

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