The Royal Oak, 7 Manor Road, Medomsley, United Kingdom, DH8 6QN
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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
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.
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.
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.
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 LETOur 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 DetailsThe 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.
At first floor level there is a well presented four bedroom owners/manager's flat with lounge, bathroom and kitchen.
The OpportunityThe 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.
The pub is owner operated with the assistance of full and part-time staff.
Trading InformationTurnover 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.
Monday to Friday
12.00pm - 3.00pm
5.00pm - 10.00pm
Saturday
12.00pm - 10.00pm
Sunday
12.00pm - 11.00pm
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 RatesThe Rateable Value as of 1 April 2023 is £8,325. Confirmation of actual rates payable can be obtained from the local Authority.
RegulatoryPremises License
Energy Performance Certificates
EPC 1Brochures
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
Notes
Disclaimer - Property reference 6450534-lh. 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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