Specialist business property advisor, Christie & Co is delighted to announce one of Derby’s oldest buildings and last surviving coaching inns, the iconic Old Bell Hotel is up for sale with a guide price of £1,500,000.
Set in the heart of Derby’s historic Cathedral Quarter, this charming inn dates back to 1650 and was once considered one of the most prestigious coaching inns outside of London. From Bonnie Prince Charlie’s army to Paul McCartney, the Grade II listed building has played host to many guests over the years.
The current owner, local businessman Paul Hurst acquired the hotel in 2012 and set about an award-winning three year restoration project worth over £1 million, that saw the hotel transformed into a popular destination venue for shows, corporate events and weddings.
Mr Hurst comments, “After a decade of hard work, it is time to hand the baton over to someone else who can take the business to the next level. That is why we engaged Christie and Co, who I know will find the right owner to look after the building and fully appreciate its heritage and importance to our city.
“One of our greatest assets here is our fabulous team,” he continued, “who share the same passion and drive for the building and our customers, to ensure they have the very best experience, whether popping in for a pint, relaxing with a coffee, enjoying a show or getting married! It has been an absolutely honour and priviledge to be the custodian of The Old Bell, working with such an incredible team. I really am dreading my last day as I am sure it is going to be very emotional.
“Following the sale, I will be proud to join a long list of people who have made their mark on this incredible building over its 372 year history but our many loyal customers should be reassured that it will continue to be business as usual throughout the transition to new ownership.”
The substantial building features five bars and several function rooms, including its Grand Regency Ballroom, as well as a 60-cover restaurant. The former hotel rooms are currently used as storage and office space, presenting a fantastic development opportunity for an incoming owner to reintroduce an accommodation offering.
Gavin Webb, Senior Business Agent at Christie & Co comments, “The Old Bell Hotel is a property of historic significance in Derby and opportunities of this nature rarely come to the market. New owners will have the opportunity to further develop the business by creating up to 12 letting bedrooms in the upper floors of the premises”
