A couple from Essex have bought the Red Lion Inn, a food-led freehouse with restaurant and rooms that is the only pub in the Lincolnshire village of Partney.
The acquisition marks Nigel and Christine Hurrell's first foray into the licensed trade.
The substantial period property (parts are more than 400 years old) is near the market town of Spilsby on the southern edge of the Lincolnshire Wolds.
It has built up a reputation for excellent food, which accounts for 80% of turnover, and is listed in both the AA Pub Guide and The Good Pub Guide.
The business includes a public bar, a 30-seat restaurant, a 38-seat dining room and a beer garden.
On the accommodation front, there are three en-suite letting bedrooms, three-bedroom quarters for the owners, and two recently-built holiday bungalows. The pub has planning permission to build a third holiday cottage on the grounds.
The Nottingham office of Christie + Co sold the freehold off an asking price of £465,000 on behalf of Pauline Chipperfield.
By Angela Frewin