Pub for sale

The Bay Horse, West Woodburn, Hexham, Northumberland, NE48 2RX

£425,000

Property Description

Commercial information

  • Business for sale

Key features

  • Pub & restaurant with 7 letting bedrooms
  • Community pub on major arterial route (A68)
  • Turnover Y/E 31/10/2017 c.344,000
  • Adjusted Net Profits c.45,000
  • Extensive grounds with parking for 15 cars
  • Holiday lodge potential (STPP). Grade II Listed - EPC Exempt

Full description

Tenure: Freehold

Description

The Bay Horse is a traditional, Grade II listed Coaching Inn with bar, restaurant and seven well appointed letting bedrooms.

Its position on the A68 makes it an ideal stop-over for travellers en route to and from Scotland and for those exploring the wider Northumberland region.

Location

The Bay Horse Inn occupies a prominent roadside position on the A68, a major arterial route north to the Scottish borders and south to Darlington. The A68 is rated one of the best driving routes in the country and is therefore popular with tourists, boasting spectacular views. There are a number of small villages nearby as well as some very popular wedding venues.

Internal Details

The ground floor comprises a bar with seating for 40 customers in a traditional setting with games area to the rear, as well as a separate dining room with seating for 70.

Ancillary areas include a commercial grade catering kitchen, beer cellar and customer toilet facilities.

Fixtures & Fittings

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

Biomass boiler

The Property benefits from a Biomass system which cost £77,000 to install in March 2015 and generates c. £9,000 per annum in RHI repayments which are due until March 2035.

Letting Accommodation

The first floor contains seven letting bedrooms; two family rooms and five twin/double rooms. Predominantly used by tourists and those attending weddings in the nearby villages, the bedrooms have good occupancy levels.

External Details

There is on site parking to the front for 15 cars with a large grassed area which could be used as a trade garden. There is a vast area of land which (STPP) may be suitable for the installation of holiday lodges/chalets. There is a private garden with outhouse containing the biomass system and a refrigerated store.

The Opportunity

The Bay Horse presents an excellent opportunity for an owner operator to take on an established business that is trading well but by no means to its full potential.

Staff

The business is run by one of the vendors working part-time with the support of a team of full & part-time staff. A full schedule of employees can be provided to seriously interested parties on request.

Trading Information

Accounts for the last three years show a consistently improving net turnover in excess of £317,000. GP is at 61% and EBITDA £44,592. Further information can be provided on request.

Trading Hours

Monday - Thursday & Sunday
10.30am - 11.00pm
Friday & Saturday
10.30am - 12 midnight

Business Rates

The Rateable Value is £26,500 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises License


Nearest station

  • Haydon Bridge (14.2 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 station

  • Haydon Bridge (14.2 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.

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