Hotel for sale

The Anchor Hotel, 1 John Martin Street, Haydon Bridge, Northumberland, NE47 6AB

Guide Price £475,000

Property Description

Commercial information

  • Business for sale

Key features

  • Historic pub/hotel in a Tyne Valley town
  • 2018 Turnover 437K, Adj. Net Profit 129k
  • 9 bedrooms plus owners flat
  • Bar, lounge, restaurant, function room
  • Car park, decked riverside terrace
  • Grade II Listed. EPC Exempt
  • Christie & Co Ref: 6445100

Full description

Tenure: Freehold

Description

A very profitable, nine bedroom pub/hotel with bar, lounge, restaurant, function room and owner's flat, beautifully situated on a riverside position in a popular Tyne Valley town.

There is an attractive bar as well as a separate snug bar, breakfast room, and an impressive 50 cover restaurant with river views.

Location

Situated on the banks of the River Tyne in the attractive town of Haydon Bridge, which is located on the A69, approximately 30 miles west of Newcastle upon Tyne. The highly desirable town of Hexham lies five miles to the east and the Northumberland National Park is just a couple of miles to the north. The hotel is close to Hadrian's Wall (a World Heritage site), which attracts visitors all year round such as walkers, anglers, cyclists as well as hunting and shooting parties.

Internal Details

There is an attractive lounge with separate bar and an impressive 50 cover restaurant with river views.

There are nine bedrooms comprising six double, two twin and one family. All rooms have been refurbished and all have en suite bath or shower rooms, except for one which has its own private room.

On the first floor there is a breakfast room with circa 40 covers which is also used as a function room, there are also male/female toilets, laundry room, catering kitchen, and large office.

External Details

There is a car park to accommodate circa 10 vehicles and a decked riverside terrace with glorious views of the river, the town and surrounding hills.

Owner's Accommodation

Two bedroom flat with a lounge and a bathroom, which could be converted to provide more letting rooms.

The Opportunity

The current owners have significantly improved the reputation and trade levels of the hotel. They have also re-established it as a key part of the town and surrounding areas. The clientele is largely made up of visitors, tourism and wedding trade from the nearby wedding venues, Slaley Hall, Hexham Abbey and Langley Castle. Business is also generated from a wide variety of local and regional events and functions.

The Anchor has very good Tripadvisor, Booking.com and Expedia reviews and the business website is

Trading Information

Management accounts for the year ending 31 August 2019 shows a turnover of £447,375. Accounts for the year ending 30 September 2018 shows a turnover of £436,643 and an adjusted net profit of £129,000, to include owners wages of around £30,000 and personal expenses of £6,000 per year.

Regulatory

Premises licence


More information from this agent

Nearest stations

  • Haydon Bridge (0.2 mi)
  • Bardon Mill (4.0 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

  • Haydon Bridge (0.2 mi)
  • Bardon Mill (4.0 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 6445100-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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