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
