Charles Wells, the Bedfordshire family brewer, has purchased The Oliver Cromwell in St Ives.
Located towards the quayside of the River Great Ouse, The Oliver Cromwell is an 18th Century property and is described as “one of the most significant public houses in St Ives”.
The vendors, Ms Jayne Tamblin and Mr Jerry Schonfeldt, will remain at the pub for a further six months in order for a suitable tenant to be secured for the site and allow for an “effective handover”.
Gareth Hatton of leisure property specialist Fleurets brokered the transaction and said: “This has been a significant acquisition both for Charles Wells and the Cambridge town of St Ives. It goes to show that these thriving town centre pubs continue to generate interest, not just from independent operators, but notable regional breweries and pub companies.
“Charles Wells have an excellent knowledge of the area, and I am sure that this already popular establishment will continue to go from strength to strength, courtesy of the guidance of Jayne and Jerry who worked so hard to ensure The Oliver Cromwell became one of the most renowned pubs, not just in St Ives but in Cambridgeshire. I wish them all the best for the future.”