Pub for sale

Black Lion, 1 High Street, Sedgefield, Stockton-on-Tees, Durham, TS21 2AU

Under Offer £250,000

Property Description

Commercial information

  • Business for sale

Key features

  • Substantial public house
  • Prominent central village position
  • Bar/lounge with central bar servery
  • Owner's accommodation over two floors
  • Disused outbuildings with retail potential
  • Rear courtyard/beer garden. Energy Rating C

Full description

Tenure: Freehold

Description

A substantial public house which occupies a prominent position within the village.

The pub currently trades Thursday to Sunday only and is 100% reliant on wet sales, the business has huge potential to expand it's offer by introducing food.

Location

The Black Lion occupies a prominent roadside position adjacent to the North End, main road running through the affluent village of Sedgefield, County Durham. The village is accessed via the A689, providing good access via the A1(M). Durham city lies approximately 10 miles to the North West.

The village is home to a number of licensed and leisure premises including pubs, restaurants, hotels, and coffee shops.

On the South West side of the village lies Sedgefield Racecourse which brings a lot of business into the village.

Internal Details

A central bar servery which services the ground floor bar and lounge, with a pool table area.

The main trading areas are decorated in a traditional style and reasonably well maintained, but would benefit from some modernisation.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fitting are owned out right and will be included in the sale, subject to an inventory.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Lease option

The sellers would consider creating a new, free of tie lease on terms and rent to be negotiated.

External Details

The pub benefits from an enclosed courtyard area which provides access to a number of outbuildings that are presently used for storage.

The current owners have had approaches from a number of small local businesses to convert the outbuildings for retail use.

There is an enclosed, secluded beer garden which is accessed via a small archway and is a huge benefit to trade during the summer months.

Owner's Accommodation

Accommodation is provided by way of a four bedroom maisonette which is arranged over three levels currently in shell condition at present but recently re-carpeted.

The Opportunity

The Black Lion presently trades well opening only four days per week and relies solely on wet trade.

With an unused commercial grade catering kitchen and an unoccupied owner's/managers flat. The pub has significant potential to diversify it's offer and extend trading hours.

Development Potential

There may be scope to develop the upper floors into letting bedrooms if the owner's accommodation is not required.

The outbuildings also present alternative use potential, most likely for retail use (STPP).

Business Rates

The current rateable value for this business is £19,750.

Regulatory

Premises Licence.

VAT at the prevailing rate may be applicable on the sale of this property and where there is manager's accommodation is normally based on 90% of the purchase price. It is recommended that specialist advice is taken in this respect.


More information from this agent

Nearest station

  • Newton Aycliffe (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Newton Aycliffe (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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