The Tiger Inn in Coneythorpe, a former Harrogate Pub of the Year, is set to be auctioned next month. However, despite its storied past and prime location, the property has seen a significant drop in its guide price to £275,000. Sitting on a 0.3-acre picturesque site, this beloved pub offers a unique investment opportunity for the right buyer.
Auction Announcement
The Tiger Inn in Coneythorpe is to be auctioned next month. This former Harrogate Pub of the Year has a guide price of £275,000. Despite its popularity, it was put up for sale in February for £495,000.
Historical Significance
The Tiger Inn was known for its good food and real ales. This pub closed last year, but it has been a beloved community hub over the years. The pub is located on a picturesque 0.3-acre site, looking out onto the village green.
Features of the Pub
The pub can seat 100 people in its restaurant and bar areas. It also includes a first-floor, one-bedroom flat. These features make it a versatile property with potential for various uses.
Auctioneer’s Perspective
Will Thompson from auctioneer Pugh highlighted the pub’s history and location. He believes it has the potential to become a beloved community spot once again. He also mentions the possibility of converting the property for residential use.
Location Benefits
The pub is situated in the affluent, leafy area of Coneythorpe. It’s on the route of the popular Knaresborough Round long-distance circular walk. It’s also close to Knaresborough, Harrogate, the A59, and the A1M.
Potential for Buyers
The property could be converted for alternative uses like residential accommodation. This would require planning consent from North Yorkshire Council. The auction on 13 August will provide an opportunity for this transformation.
Market Conditions
The property market in North Yorkshire has seen various trends. The auctioneer Pugh, part of Eddisons, often adds new lots daily. The Tiger Inn is one of the notable properties among these lots.
Community Impact
The reopening of the Tiger Inn could revitalise the local community. It could once again serve as a gathering place for residents. The pub’s return could also boost local tourism and economy.
Future Prospects
The Tiger Inn offers a unique investment opportunity. Its location and historical value make it a prime candidate. With the right owner, it could regain its former glory.
The Tiger Inn’s upcoming auction represents a pivotal moment for this historic establishment. Its potential for revitalisation, whether as a pub or a residential property, is significant. With its prime location and rich history, the Tiger Inn stands as a unique investment opportunity ready to be seized.