The Stone Trough Inn, a food-led country freehouse in North Yorkshire, has been sold to Norfolk-based property investment firm Albanwise.
The pub-restaurant lies between the hamlets of Kirkham Abbey and Whitwell-on-the-Hill just off the main A64 between York and Scarborough.
It lies within the Howardian Hills Area of Outstanding Natural Beauty and commands views over the historic Kirkham Priory and the River Derwent.
It started life as a 17th century stone cottage and was converted into a pub in 1983.
Facilities include lounge, dining and snug areas to seat 76 diners, a 60-seat restaurant, and three-bedroom owners' accommodation.
Outside, it offers a trade garden with alfresco dining for 48 customers and a large car park. There is potential to building 10 letting bedrooms on the grounds.
The Leeds office of Christie + Co sold the freehold off an asking price of £1.2m on behalf of Adam and Sarah Richardson.
They will continue to run the property as tenants until February 2000 on behalf of Albanwise, which also owns large-scale farming operations in East Anglia and Yorkshire.
By Angela Frewin