The food-led Raglan Arms in Monmouthshire's Usk Valley has been sold off an asking price of £480,000.
The new owner is Giles Cunliffe (trading as Dusty Miller Leisure) whose 20 years in the licensed trade has included the ownership of a restaurant in London and the Farmers Arms pub near Taunton in Somerset.
The freehouse, which dates back to the early 18th century, is located off the A449 between Usk and Raglan in the village of Llandenny, which sites on the River Olway.
It is just three miles from Raglan Castle and provides an ideal base from which to explore both the Usk and River Wye valleys.
The business, which makes 60% of its turnover from food, attracts customers from as far as Cardiff and Bristol.
It comprises a main lounge bar, a locals' bar, a 14-seat restaurant and a 26-seat conservatory restaurant.
The business also incorporates four-bedroom owners' accommodation, a top-floor flat, a trade car park and a beer garden.
The Bristol office of Christie + Co marketed the property on behalf of Andrew Davies and wife, who plan to concentrate on their cleaning business in Newport
By Angela Frewin