Closed village pub to reopen as mixed use space in East Hampshire
Specialist business property adviser, Christie & Co has brokered the sale of The Star Inn in the picturesque Hampshire village of Bentworth, situated near Alton and Basingstoke. The freehold pub, which boasted a large trading area, large owner’s accommodation, garden and terrace, has been closed for the past two years.
The pub attracted interest from a wide range of buyers including operators, investors and developers and has been successfully sold to experienced developers Paul Williams, Peter Moys and Ben Williams, who plan to convert the property into residential housing and a community space. The business partners specialise in the conversion and rejuvenation of village pubs and moved to acquire The Star Inn as an opportunity to refurbish the closed business into a much-needed operational residential accommodation and also provide space for the community to meet.
Paul Williams comments, “The acquisition of The Star Inn is an important step in our long term growth plan to provide affordable residential accommodation in the South East of England, thereby helping to reduce the constant upward pressure on residential property prices and giving our kids a chance to get onto the property ladder.”
Richard Wood, Senior Business Agent at Christie & Co who handled the sale comments, “I was delighted to facilitate the transaction that will see this closed pub being restored and I have no doubt that this will be very well supported by the local and wider community.”
The Star Inn was sold off a guide price of £455,000 plus VAT.
