A group of local businessmen has bought a Grade II listed 16th century pub for more than £1m.
The Olde Dog Inn, in Herongate Tye, near Brentwood, was put up for sale by its current owners and specialist business property adviser Christie & Co has announced a new owner has now been found.
The well established business has been operated and owned by the same family for over 30 years and has now been purchased by a group of local businessmen, headed by Tyrone Coombes, who intend to invest in the property to help grow the business.
Located just off the A127 between Billericay and Romford, the Olde Dog Inn is a weather boarded Grade II listed pub dating back to the 16th century, which retains many of its historic features.
The food-led pub has a large open plan trading space providing covers for around 90 people with a traditional beamed ceiling bar and adjoining snug. Externally, there is a trade patio area to the front of the pub, a trade garden to the rear, and a large car park, with a total plot size of almost an acre of land.
Anthony Jenkins, associate director at Christie & Co, said: "I'm very happy to have assisted in the sale of this historic pub. We had good levels of interest locally thanks to the business’ reputation, in addition to the high demand for freehold businesses in this part of Essex. I wish the new owners all the best with their future endeavours and I have no doubt the business will thrive under their ownership."
The business was sold off an asking price of £1,400,000 for the freehold interest.
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