Pub for sale

Pheasant Inn, Stannersburn, Hexham, Northumberland, NE48 1DD

Guide Price £900,000

Property Description

Commercial information

  • Business for sale

Key features

  • 8 bed, 4 star Northumberland coaching inn
  • Family run business with 125,000 profit
  • Beautiful location with booming tourism
  • Traditional style bar/restaurant, 70 covers
  • Car parking and owners accommodation
  • Attractive, characterful stone building. Energy Rating D

Full description

Tenure: Freehold

Description

An outstanding, family owned country inn and restaurant with eight letting bedrooms, located in the stunning Northumberland National Park. High levels of service, presentation and attention to detail have been helped to produce profits of £125,000.

Location

The Inn enjoys a delightful, picturesque location in Northumberland National Park with a host of other tourist attractions nearby.

The area has been awarded Gold Tier Dark Sky status and is the fourth largest protected dark sky park in the world, which helps to drive year round tourism and is one of the key reasons for the upsurge in visitor numbers to the region.

Internal Details

There are drinking and dining areas on the ground floor providing up to 70 covers and these are very well presented in a traditional style, featuring exposed stone walls and oak beams.

Letting Accommodation

There are eight lovely double and family bedrooms, all with en suite facilities and presented to a very good standard.

External Details

There is ample car parking on site as well as overspill parking on the main road. There is a pleasant lawned courtyard adjacent to the bedrooms and a small private garden to the north side of the inn. There is also a plot of land which may be able to be purchased by separate negotiation if a new owner wished to develop the site.

Owner's Accommodation

On the first floor there is owner's/ manager's accommodation comprising a lounge, two bedrooms, office and bathroom as well as a master en suite bathroom.

The Opportunity

A highly regarded family run country inn boasting 4 stars with AA and Visit England as well as a host of other accolades. Trade levels are going from strength to strength, driven by the increasing popularity of the Dark Sky Park which is helping to boost year round trade.

Trading Information

Accounts ending 31 May 2017 shows a turnover of £525,918 which is up by over £33,000 on the previous year. This produces a net profit of circa £125,000 after adjustments.

Full accounts are available on request.

Business Rates

The Rateable Value is £36,500 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises Licence.


More information from this agent

Nearest station

  • Haltwhistle (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

  • Haltwhistle (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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