Charles Wells, Bedfordshire family brewer, purchases The Oliver Cromwell pub in St Ives, Cambridge.
Located towards the quayside of the Great Ouse river, The Oliver Cromwell is an 18th century property, tucked away from the high street.
The current vendors, Jayne Tamblin and Jerry Schonfeldt will remain at the pub for six months, while another tenant is secured.
Charles Wells currently controls around 200 houses, all run on tenancy or lease agreements.
“This has been a significant acquisition both for Charles Wells and the Cambridge town of St Ives,” says Gareth Hatton, broker at Fleurets chartered surveyors. “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 Well have an excellent knowledge of the area, and I am sure 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.”