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Pub for sale

The Golden Lion, North Penines, DL13

Guide Price* £175,000

Property Description

Key features

  • Public House plus holiday flats and Cottage
  • Located in Weardale
  • Viewing essential to appreciate potential
  • EPC rating C

Full description

PUBLIC HOUSE FOR SALE PLUS ATTACHED HOLIDAY FLATS AND COTTAGE
There is much more than meets than eye when looking upon the Golden Lion Public House in St.Johns Chapel, Weardale. Attached to the pub is a number of holiday flats plus cottage.
For sale by auction on 6th December at Ramside Hall Hotel at 7pm Guide price £175,000+

PUBLIC HOUSE FOR SALE PLUS ATTACHED HOLIDAY FLATS AND COTTAGE

There is much more than meets than eye when looking upon the Golden Lion Public House in St.Johns Chapel, Weardale. Attached to the pub is a number of holiday flats plus cottage.
The potential this substantial building offers will no doubt appeal to a number of different buyers including a purchaser looking for a ‘lifestyle business’, an investor looking to lease the property and also a developer looking to convert into residential dwellings (subject to relevant planning consent).


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The Public House and holiday let business currently has a turnover in excess of £150,000 per annum and its latest financial year recorded a profit in excess of £40,000. Accounts are available to view within the legal pack.

The current owners have invested in both the fixtures and fittings and presentation of this property.


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The holiday let business currently sleeps 9 in total, however, a couple of two bedroom flats have yet to be developed and the business has the potential to sleep 17. The holiday let business has achieved a rating of 9.5 for guest accommodation on booking.com (15/11/16 with 66 reviews).
St Johns Chapel is set a designated area of outstanding natural beauty, within the North Pennines, also known as the ‘Roof of England’. The recently developed alternative coast-to-coast cycle route has seen an increase in cyclists using The Golden Lion as the ideal place to stop over.


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The Golden Lion displays many original features and offers the charm only an authentic 17th Century building can. The public house features a main bar area with 36 covers plus a games area. A room currently unused can be transformed into an ideal breakfast room to support the Holiday Let business.
The residence above the pub features a three bedroom flat with lounge offering fantastic countryside views.


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The public house plus holiday flats and cottage is set on a large car park and also features a detached garage.

Viewing is essential to fully appreciate the size, scope and opportunity this auction lot presents.


Viewing

Please contact Auction House North East on 01642 931060 for viewing schedule.



Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, North East on 0191 908 9691.


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