Intertain, well-known for its Walkabout brand of bars, has purchased the sub-lease on Coventry’s Old County Hall, known as ‘The Establishment’.
The unit will join the company’s portfolio of 32 bars in major towns and cities across the UK, the majority of which trade under the renowned Walkabout brand. The site will continue to trade as The Establishment.
Joshua Sullivan, Business Agent in Christie & Co’s Birmingham office who handled the sale says: “The purchase of this unique site gives further validation to the market opinion that Coventry city centre is very much an up and coming area. It is a target market for a lot of corporate operators due to the two universities in the locality and the fact that it is increasingly attracting businesses to the region. There is therefore high demand for many sites such as this in the centre and the quick turnaround of the sale further demonstrates this.
“We expect demand to increase as more and more corporate operators are set to follow Intertain and move in to the city, transforming it into a hub for the West Midlands.”
Prior to becoming The Establishment, the building was used as Coventry’s old court house and jail which opened in 1783. After lying empty for more than 20 years, it reopened as a bar and restaurant in 2013. Many of the original features have been retained within the grade II listed building; the dock can be viewed by diners and the cells have been transformed into a dining area.
The venue has played host to several ghost hunters over the years, and is rumoured to be haunted by Mary Ball, the victim of the last public hanging at the jail in 1849 which is said to have attracted over 20,000 spectators.
The acquisition follows Christie & Co’s sales of two further units to the company late last year in Solihull and Lichfield.