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The Royal Oak, 7 Manor Road, Medomsley, United Kingdom, DH8 6QN

£375,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Net Turnover 2023 - c.£353,000
  • 4 Bed Owners/Manager's Flat
  • Long Established with good following
  • Leasehold option to an experienced operator
  • Well Presented, Large Beer Garden, Car Park
  • Total Site Size c.0.246 Acres - EPC Rating D
  • Christie & Co Ref: 6450534

Description

Description

The Royal Oak is a is a traditional country style free of tie pub well renowned for its food offering, whilst maintaining a healthy drinking trade and upholding an excellent reputation.

Boasting a huge beer garden area, dining area, and drinks space, the village pub has become a solid choice for people in North West Durham. The property is immaculately presented which is evident to all that view.

The pub is operated by a husband and wife team and is mentioned in the Good Beer Guide from CAMRA and has a rating of 4.5/5 from TripAdvisor and ranked #6 of 33 Restaurants in Consett.

Location

The Royal Oak is situated in Medomsley, an attractive village in the north-west of County Durham, approximately four miles from Consett and bounded by Ebchester, Burnopfield, Annfield Plain and Stanley.

The pub overlooks Manor Road, the B6310, which is a very busy and popular route, running through Medomsley on the way to and from north-west Durham.

Consett is nearby and is a much larger town with a population of around 25,000.

Internal Details

The main trading area comprises an inviting bar and dining areas with a good range of draught products and premium spirits. Seating and standing for c.100 guests.

Ancillary Areas: Commercial grade catering kitchen, as well as multiple store rooms, a very well kept beer cellar, office and customer toilet facilities.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. Items personal to the Sellers are excluded.

TO LET

Our clients are prepared to offer a new, free of tie lease to an experienced operator at a commencing rent of c.£30,000 per annum. Lease length and other terms are to be negotiated.

External Details

The Royal Oak boasts a large beer garden to the rear of the property with tables and chairs for a minimum of 100 covers. This area is often used to host events such as BBQ's, live music, birthday parties and small weddings etc.

There is a good sized car park to the front with 13 spaces.

Owner's Accommodation

At first floor level there is a well presented four bedroom owners/manager's flat with lounge, bathroom and kitchen.

The Opportunity

The Royal Oak presents an opportunity for an experienced licensed operator to acquire a busy pub with a fantastic reputation for food, as well as a strong local drinking trade.

Equally, the property may appeal to an investor looking to let the premises to an operator.

Staff

The pub is owner operated with the assistance of full and part-time staff.

Trading Information

Turnover for year ended 31st March 2023 was £352,678, with the trade split being split as follows:

Food - 60%, Beverage - 40%

Barrelage data also available.

Trading Hours

Monday to Friday
12.00pm - 3.00pm
5.00pm - 10.00pm

Saturday
12.00pm - 10.00pm

Sunday
12.00pm - 11.00pm

Tenure

TO LET: Our clients are prepared to offer a new, free of tie lease to an experienced operator at a commencing rent of c.£30,000 per annum. Lease length and other terms are to be negotiated.

Business Rates

The Rateable Value as of 1 April 2023 is £8,325. Confirmation of actual rates payable can be obtained from the local Authority.

Regulatory

Premises License

Energy Performance Certificates

EPC 1

Brochures

The Royal Oak, 7 Manor Road, Medomsley, United Kingdom, DH8 6QN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stocksfield Station5.9 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 6450534-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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