The historic Black Bull Inn in the Market Square of Haltwhistle, Northumberland, has been sold to national pub operator Scottish & Newcastle.
The business was sold on behalf of its proprietor Jackie Dougray who had owned the Black Bull Inn since 2005 and is now relocating to another part of the country. The inn is well known for its real ales and good food and attracts locals, walkers and tourists.
Haltwhistle is a traditional market town in the beautiful South Tyne Valley close to the Pennines, Hadrian's Wall and the Northumberland National Park.
The Black Bull Inn stands in the historic heart of the town, close to the church, and is believed to be the oldest inn in Haltwhistle. The inn existed in the early part of the 17th Century and possibly incorporates a medieval church house.
The two-storey, end-of-terrace period property retains many original features and comprises a main bar with exposed beams and an open fireplace, a 20-cover restaurant, three-bedroom owner's accommodation and a self-contained studio flat used for letting.
David Lee, director of Christie + Co's Newcastle office, said: "We received huge interest in the Black Bull Inn from potential buyers. The sale to Scottish & Newcastle confirms the continued high demand from corporate operators for freehold freehouses throughout the North-East, where they continue to compete with private buyers for the scarce opportunities currently available in the marketplace."
The Black Bull was sold for an undisclosed figure after £385,000 was sought for the freehold.
For more details on pubs for sale contact Christie + Co, tel: (0191) 222-1740.