The Altrincham-based developer has bought the former Stamford Arms pub and restaurant in Little Bollington in a deal that concluded in under 48 hours.
The developer is now looking at options for the site, which has been vacant for a number of years. The pub changed its name from the Stamford Arms to Home in 2007, and operated under this moniker until 2012 when it shut down. The pub has been vacant ever since.
Owner Enterprise Inns has been looking to sell the site for some time, first listing it for sale at an asking price of £1.4m, before cutting the price down to £1m.
However, the property failed to sell and was offered at auction via Pugh Auctions. The lot again failed to attract any bidders; with a deal needing to be done quickly, Novo concluded the purchase following the auction for an undisclosed fee.
Comprising around 15,000 sq ft, including the former pub and its outbuildings, over one-and-a-half acres, the pub sits behind Dunham Massey and near the popular Swan With Two Nicks pub in Little Bollington. It also includes a car park, which was formerly a bowling green; the site is within Cheshire East’s Green Belt.
Potential options for the site are now being explored, with residential one of the possibilities on the table.
Speaking to Place North West, Novo director Ben Fearns said: “We’re exploring a number of different options for the site and would love to go to the community to hear their views on its future. We’ll be tidying up the site first and will have be engaging with Cheshire East Council and the National Trust about what we do with it next.”