One of England’s oldest pubs struggles to find new owner as price is slashed

Chesterfield’s oldest pub, with parts dating back to the 12th century, is struggling to find a new owner and its guide price has been slashed. The pub first went up for sale in January of this year and has been unable to find someone to take over.

The Royal Oak pub, located in The Shambles, in Chesterfield, is believed to be one of the oldest pubs in the country. A sign on the pub claims it was used as a rest house for the Knights Templar, before being used as a butcher’s and accommodation in the medieval period.

The earliest records show the property being used as an inn in 1722. Originally up for sale at £295,000, the price of the pub has been reduced and the owners are now looking for just £265,000.

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The property agent says of the listing: “The original character of the building has been retained throughout the property, with exposed wooden beams and traditional decor. Whilst the pub is near some local competition, the Royal Oak has a keen local audience and is at the heart of Chesterfield’s retail centre.

“The property also comes with three-bedroom accommodation for the owner and is being sold on a freehold basis.”

The property is split into two rooms on the ground floor with space for approximately 40 seated customers. Rightmove describes the property as “deceptively large”, with two trading areas on the ground floor and two or three-bedroom living accommodation elsewhere.