Richmondshire pub and hotel up for sale for £1.2m

The Wyvill Arms.

A Yorkshire Dales gastropub and boutique hotel has been put up for sale with a guide price of £1.2 million.

The Wyvill Arms in Constable Burton, near Leyburn, has been put on the market by owner Nigel Stevens, who plans to retire.

The former 18th century farmhouse now features a pub, restaurant and seven-bedroom hotel.

It has received beer, wine, food and accommodation awards from the Good Pub Guide, and has also been featured by the Michelin Guide.

The property has traded as the Wyvill Arms since the early 1980s and was taken over by Mr Stevens, who plans to retire, in 1998.

The property consists of a pub with two bars and a restaurant, providing seating in total for 80 covers, with seating outside for a further 20.

It also houses seven en-suite double bedrooms and a two-double-bedroom owner’s apartment.

The business, which will remain open as usual until a new owner takes over, is run by the owner along with 15 staff.

Agents Blacks Business Brokers say it is on course to generate revenues of £500,000 in 2019.

Nigel has previously operated a number of different pubs in the area before settling on the Wyvill Arms.

He was named Licensee of the Year at the 2019 Pub of the Year Awards, announced this September.

In 2016 and 2017, the pub underwent a £200,000 refurbishment and the property was extended, increasing the number of letting rooms from four to seven and refurbishing the existing rooms.

One of the guest bedrooms at the Wyvill.

Megan Sutherst, sales negotiator at Blacks Business Brokers, said, “Mr Stevens’ desire to retire has created a fantastic opportunity for someone to take over and build on the superb reputation he has built up over the last two decades.

“I could see this business working well for someone at a senior level in the hospitality trade who wants to capitalise on their experience, either as a chef or a manager.

“Alternatively, if it were to be run under management it would make a great addition to an existing portfolio of high-end pubs or boutique hotels. The location is incredible – just outside the national park, with the same fabulous scenery but without the same planning restrictions. I am expecting significant interest now the word is out.”

All enquiries should be directed to Blacks Business Brokers on 0333 370 0000, quoting reference 5200.

1 Comment

  1. well the old git deserves it,was best man st my wedding and a good friend for many more years than i care to remenber good on you mate

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