Our client, Jake Hunt, approached Farleys’ commercial property team to advise and negotiate on the lease of Byland Abbey Inn in York.
This was an interesting case for the team as the Inn, owned by the Historic Buildings and Monuments Commission for England, is steeped in history dating back to the medieval times, so there were a number of unique factors to consider in the lease.
Situated in the ruins of Byland Abbey at the foot of the Hambleton Hills, the Inn consists of three guest bedrooms and an award-winning tearoom which will all be run under new management.
Our commercial property team advised Mr Hunt on the terms of the 11-year lease proposed by the owners and negotiated an attractive rent package in return for the maintenance Mr Hunt will be providing for the building as he takes on the role of landlord at the property.
Jake Hunt commented,
I was really impressed at the lack of fuss, ease of exchange and attention to detail that Ashlea, and Farleys put in to this deal. Great company.
Ashlea Thornton, Associate Partner at Farleys, added,
“We were pleased to assist Jake with the lease of Byland Abbey Inn to ensure they can continue to provide an excellent hospitality venue which is popular with visitors to Yorkshire. We look forward to seeing the success they make of it wish them all the best with the business going forward.”