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The Derwent Arms, Edmundbyers, Consett, United Kingdom, DH8 9NL

Offers Over
£395,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Restaurant and Bar - over 75 covers
  • 6 Ensuite bedrooms and guest apartment
  • Turnover to Dec 2023 £470k net of VAT
  • Award Winning
  • Recently refurbished to a high standard
  • Parking for c.20 cars - Energy Rating C
  • Christie & Co Ref: 6450531

Description

Description

The Derwent Arms is a substantial detached property traditionally constructed in stone and brick under pitched slate covered roofing. A well renowned and award winning country pub, restaurant and hotel, The Derwent Arms has recently been refurbished throughout to a high standard and is popular with both locals and tourists to the area.

The property offers luxury accommodation comprising of six letting bedrooms, all ensuite, as well as a self catering apartment, a well appointed restaurant, a lounge bar and a large beer garden. Traditional menus focus on seasonal and local produce, and plenty local ales are available. With a roaring log fire in the winter and ample outdoor space in the summer, The Derwent Arms has several areas which can be hired out for private weddings and events all year round.

For further information on The Derwent Arms offering, please see the business' dedicated website:

Location

The Derwent Arms in Edmundbyers lies amongst stunning countryside, bordering both County Durham and Northumberland.

Only 26km from Beamish Museum, Edmundbyers, is a small historic village located towards the north-east corner of the North Pennines Area of Outstanding Natural Beauty, and is 21 miles north west of Durham City and six miles west of Consett.

A few miles to the west of Consett, and a stone’s throw from Derwent Reservoir, Derwent Waterpark, and along the coast to coast cycle route, The Derwent Arms is surrounded by endless breath-taking views and perfectly situated to explore everything that these two beautiful counties have to offer.

Internal Details

The ground floor level comprises of an inviting entrance hall leading to three areas: a large open plan lounge bar and dining area with seating for c.46 people plus standing, a welcoming restaurant with feature fireplace for c.26 guests and the letting accommodation.

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.

Ancillary Areas

Well-equipped commercial grade kitchen, prep room, cellar, cold room, storage and office as well as customer WCs.

Letting Accommodation

Guest accommodation comprises of six bedrooms (twins, double and single) all available with their own ensuite, as well as a separate apartment available for families or groups of up to six people.

The self catering apartment, located above the pub, comes complete with fully fitted kitchen, large living space with flat screen TV, Wifi, dining table, chairs and sofas. There are two double or twin occupancy bedrooms with one bathroom complete with corner bath, large walk-in shower, toilet and sink with complimentary fresh towels. The views from the apartment look out over the village and the fields beyond.

External Details

Externally the property has a large beer garden with seating for c.60 covers and parking for 20 cars.

The Opportunity

The Derwent Arms presents a fantastic opportunity for an owner operator to replicate the way in which the business is currently operated. Equally, it could prove a solid acquisition for an expanding regional operator looking to grow their portfolio.

Benefitting from a number of income streams and with trade from both locals and tourists, the business is already well established with excellent reviews and good reputation.

Staff

The business is currently operated under management.

Trading Information

We have been advised that turnover for 12 months ending 31 December 2023 is £469,920.56.

Trading Profit & Loss Accounts will be provided to seriously interested parties on request.

Trading Hours

Monday & Tuesday
Closed

Wednesday
12.00 noon to 10.00pm

Thursday – Sunday
8.30am to 10.00pm

Business Rates

The Rateable Value is £16,300 as of 1 April 2023. Confirmation of actual business rates payable should be obtained from the local Authority.

Regulatory

Premises Licence

Energy Performance Certificates

EPC 1

Brochures

The Derwent Arms, Edmundbyers, Consett, United Kingdom, DH8 9NL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Riding Mill Station7.2 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

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Disclaimer - Property reference 6450531-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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