On behalf of Beerhouses Limited, specialist business property adviser, Christie & Co has successfully completed the leasehold sale of The Terrace in Idle, Bradford, to long-time customers, Jessica Taylor and Stacey Pedley.
Occupying a stunning period building on Albion Road, The Terrace is popular among Bradford locals for its great selection of drinks, live music and ambient indoor and outdoor seating areas.
The stylish and modern pub has been under the ownership of Beerhouses Ltd, an independent pub company based in Dewsbury, West Yorkshire since 2017. Commenting on their decision to sell, Sarah Barnes, Director of Beerhouses, said, “We took on The Terrace in 2017 and have loved every minute of running the pub, however having recently undergone a review of our portfolio, we decided to sell off this business.”
The new owners, Jessica Taylor and Stacey Pedley are both new entrants to the pub market and plan to re-open the business as The Symposium. They comment, “We consider ourselves incredibly lucky to now own this gem of a local landmark and we’re excited to bring back a name that the people of Idle hold dear. We’ve been regulars here for well over a decade it was actually here where we met many years ago and became best friends.
“It’s a bit of a dream come true to have purchased the venue and we want to make sure it’s here to stay for years to come. We hope our customers enjoy it as much as we do and help us to make it a great success! Thank you, Alex, for all your help in arranging the sale!”
Alex Rex, Senior Business Agent at Christie & Co, who handled the sale, comments, “I am delighted to have brokered the sale of The Terrace, now The Symposium, for Beerhouses. It’s a heart-warming story and I know that Jess and Stacey will give their all to make the pub as successful as possible. This sale is a common example of the sort of leasehold transaction currently taking place in the market, with lifestyle buyers purchasing sub £50,000 leases.”
Sarah Barnes, Director of Beerhouses adds, “We are delighted that Jess and Stacey are taking it over and wish them the best of luck. Alex at Christie & Co was fantastic and went above and beyond to make sure this deal went through in the best interests of all parties.”