Hotel for sale

The Queens Head Hotel, Sandgate, Berwick upon Tweed, TD15 1EP

Guide Price £389,000

Property Description

Commercial information

  • Business for sale

Key features

  • 6 bed hotel with 60 cover restaurant
  • Accounts Y/E Feb 2020:418,000, ANP 120,000
  • Town centre location, good tourism
  • Consent for more rooms/flats/townhouses
  • Excellent reputation, 4.5 Tripadvisor
  • Grade II Listed. EPC Exempt
  • Christie & Co Ref: 6445099

Full description

Tenure: Freehold

Description

A very attractive, family owned, six bedroom town centre hotel with bar and restaurant. The hotel generated excellent profits of £112,869 per annum and is centrally located in a historic and picturesque Northumberland town, with good tourist trade.

Location

The Queens Head Hotel is situated in the old part of the historic and picturesque coastal town of Berwick upon Tweed which lies on the border between Northumberland and Scotland. The east coast railway line which links London and Edinburgh runs through the town, with Berwick being one of the main stations en route.

The area is a draw for tourists who visit the region, attracted by the stunning Northumberland coast and National Park, the multitude of historic sites and castles, including Lindisfarne, Bamburgh and Alnwick, as well as being popular with walkers, cyclist and golfers.

Internal Details

On the ground floor there is a small bar and reception area, leading to the 60 cover restaurant, which is presented in a contemporary style.

There is a good sized and well equipped catering kitchen, an office, beer cellar, cold store and ample storage facilities. There is a courtyard to the rear of the building.

Should a new owner decide to extend the restaurant and bar in line with the proposed planning consent this would create additional seating for 16 covers in the restaurant and circa 50 additional standing customers in the bar area.

Our client has architect plans which have been approved by the local Council for the construction of a two storey extension to the rear. This would provide a further five letting bedrooms and a two bedroom owner's or manager's apartment.

Alternatively, our client has costings for the addition of either three mews style town houses to the rear of the hotel, or for the conversion of the hotel to two private dwellings plus up to four mews style town houses to the rear. Further information is available on request.

Fixtures & Fittings

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

Tenure

A new free of tie lease is available.

Letting Accommodation

The six letting rooms are on the first floor and comprise three twin rooms, two double rooms and a family room. All the rooms are very well appointed, with en suite facilities.

The Opportunity

Our client has owned the business for many years and now wishes to change profession.

The Hotel has outstanding 4.5 rating on Tripadvisor as well as a 9.1 out of 10 on Booking.com and a 9/10 rating on Holidaywatchdog.com.

Trading Information

The most recent draft accounts dated February 2020 show a turnover of £418,000 giving an adjusted net profit after depreciation, motor costs and interest of £120,000.

Regulatory

Premises licence.


More information from this agent

Nearest station

  • Berwick-upon-Tweed (0.6 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

  • Berwick-upon-Tweed (0.6 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 6445099-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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