Hotel for sale

The North Point Hotel, 1 High Street, Tow Law, County Durham, DL13 4DL

Sold STC £160,000

Property Description

Commercial information

  • Business for sale

Key features

  • Pub with 7 en suite letting bedrooms
  • Bar/lounge (60 covers),restaurant (40 covers)
  • Turnover 2017 240,000
  • Prominent main road location, Co.Durham town
  • On A68 between Darlington and Corbridge
  • Parking, catering kitchen, owners flat. Energy Rating D

Full description

Tenure: Freehold

Description

A stone built detached pub/hotel with public bar, licensed restaurant and seven en suite letting bedrooms prominently situated in a County Durham town on the A68.

Location

The North Point Hotel is situated on the main road (A68) through the County Durham town of Tow Law mid way between Darlington and Corbridge. The town has many amenities and mainly comprises terrace housing and is situated on the eastern edge of the picturesque Weardale Valley, close to the North Pennines Area of Outstanding Natural Beauty.

Internal Details

On the ground floor there is a traditional bar/lounge with seating for 60 customers and a bar servery. There is also an attractive and contemporary 40 cover restaurant and a good sized catering kitchen.

On the first floor there are seven en suite letting bedrooms which are either twin, double or family rooms and are presented to a good standard.

The is also ample storage and ancillary space, an owners or managers studio flat with bedroom/lounge, bathroom and kitchen.

External Details

To the rear is a courtyard with smoking area and eight car parking spaces.

The Opportunity

The business has three income streams.

Bedrooms - which attract commercial trade through the week and leisure/tourism trade at the weekend.

Licensed restaurant - which is well established and attracts local and regional clients.

Bar - Is one of only a few in the town.

Tripadvisor reports are very good, scoring well on food, service and value.

Trading Information

Turnover to June 2017 was £240,000.

The last four years accounts are available upon request.

Regulatory

Premise Licence


More information from this agent

Nearest stations

  • Chester-le-Street (12.2 mi)
  • Pelaw (18.0 mi)
  • Heworth (17.7 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 stations

  • Chester-le-Street (12.2 mi)
  • Pelaw (18.0 mi)
  • Heworth (17.7 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.

Disclaimer - Property reference 6445051-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 , Newcastle Upon Tyne. 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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