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NEWS
DURHAM PUB
SOLD IN SEVEN
FIGURE INVESTMENT
the historic durham city centre pub the court inn has become
the first leisure sale since lockdown for the city, providing positive
sentiment and retaining 16 jobs within this struggling sector.
he Court Inn, at Court Lane,
Durham, has been purchased as
part of a seven gure
investment by local property
entrepreneur Imad Ali who
currently holds investments in
retail, leisure and real estate, and is
expanding his leisure and retail operations
regionally.
The transaction, which was facilitated
by Bradley Hall Chartered Surveyors and
Estate Agents, has provided locals with
further condence in the local hospitality
sector.
Imad Ali, director of SSA Global
Group, said: “The Court Inn is an
outstanding opportunity for us to invest in
an such an iconic, local establishment
with a great client base and stunning
views of Durham Cathedral.
“The Court-Inn will remain open, but
we have plans to develop the asset and
ensure it is modern and ecient. Our
vision is to create an exciting, dynamic
and stylish late bar and restaurant with a
relaxing atmosphere for locals and visitors
alike. We are planning on acquiring
further sites in the next year all around
the North East, with the help of Bradley
Hall.
“Bradley Hall played a key role in the
sale. During such an unprecedented time
for our industry and economy it was
important that we had experienced
representatives acting on behalf of the
vendor, I don’t think this deal would have
happened without their expertise and
knowledge throughout.
“We were delighted to have funded
the purchase thanks to the seven gure
renancing brokered by Leigh Taylor and
facilitated by Lloyds Bank, as well as the
legal process being overseen by Alok
Loomba and his team at Sintons Law Firm
who were supported by Glen Martin at
Avery Martin and Paul Shields at MHA
t
ISSUE 10 : AUTUMN 2020
Bradley Hall senior surveyor Joseph I’Anson, Investor Imad Ali and Bradley Hall group director Peter Bartley at The Court Inn, Durham
Tait Walker who also advised on the
purchase”.
Peter Bartley, group director at
Bradley Hall said; “The sale of the Court
Inn was a signicant transaction for the
post-lockdown local leisure and hospitality
industry. This was the rst of its kind and
we were delighted to have acted on
behalf of Barry Ford (Easington
Greyhound Stadium Ltd) and to have
facilitated the sale to Imad and his
company of this outstanding piece of the
local hospitality culture. Debra Swinburn
at Evans and Co law rm acted for the
vendor and were a great help in what
turned out to be quite a complicated
transaction.
“This is a fantastic indicator of market
activity and although we have managed a
variety of commercial property
transactions recently, this is a great step
for this specic industry.”
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