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First-time buyers for Peak District inn

11 January 2007 by
First-time buyers for Peak District inn

Ye Olde Cheshire Cheese Inn, a village pub with rooms in the heart of Derbyshire's Peak District National Park, has been bought by first-time licensees John and Karen McKeever.

The inn, at Castleton in Hope Valley, is more than 300 years old and carries an English Tourist Board four-diamond rating. It is popular with both hillwalkers and tourists.

Food and drink account for 45% each of the annual turnover of around £300,000 a year, with accommodation contributing the remaining 10%.

Along with ten en-suite bedrooms, it provides a lounge bar and a 60-seat restaurant that both feature beamed ceilings.

The Nottingham office of Davey & Co sold the freehold off a guide price of £795,000 on behalf of Ken Slack, who is retiring after 14 years at the inn.

By Angela Frewin

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