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Bishop Auckland, County Durham, DL14

£350,000

Business rates & charges may apply

Sidney Phillips Limited, Northern
SIZE

Ask agent

SECTOR

Pub for sale

USE CLASSUse class orders: A1 Shops, A4 Drinking Establishments and sui_generis_1

A1, A4, sui_generis_1

Key features

  • Town centre position
  • Grade II listed building
  • Two separate units
  • Recently refurbished
  • Rented on a long lease
  • 7.5% rising to 10%+ yield

Description

LOCATION:
Bishop Auckland is a market town in County Durham, northern England. It is 12 miles northwest of Darlington and 12 miles southwest of Durham.

Much of the town's early history is linked to the Bishops of Durham and the establishment of Auckland Castle's predecessor, a hunting lodge which became the main residence of the bishops. This is reflected in the first part of the town's name.

Council and campaign leaders in County Durham have pinpointed Bishop Auckland as a 'major tourist trap' after it was announced that the historic market town had received over £72m in government funding to revitalise it. Bishop Auckland was recently granted £19.9m from the Future High Streets Fund, £32.2m from the Towns Fund and an additional £20m from the Levelling Up Fund.

These government funding streams have been designed to transform various locations across the UK, helping them to strengthen their economic position post-Covid and breathe new life into businesses and communities, allowing areas to prosper in the future.

TRADE AREAS:
GROUND FLOOR
ENTRANCE from the high street leading into the open plan MAIN BAR area with stylish urban décor, tiled floor, exposed brickwork, industrial features and STAGE area for live performances. Individual seating areas with leather sofas, high bar stools and chairs and low stools around wooden tables. BAR SERVERY with butcher's block style wood top, with tiled front and rear tiled walls. Rear HALLWAY which leads to the LADIES', GENTLEMEN'S AND DISABLED TOILETS.

FIRST FLOOR
This is accessed from the rear CORRIDOR but has a separate SIDE ENTRANCE from the main street leading to the staircase. The first floor comprises a range of former banking OFFICES and a TOILET which could be converted into a residential apartment (subject to planning approval).

LOCK-UP KIOSK
A small unit currently utilised as a locksmith's.

LICENCE:
A full Licence is held.

SERVICES:
All mains services are connected.

Bishop Auckland, County Durham, DL14

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bishop Auckland Station0.5 miles
  • Shildon Station3.0 miles
  • Newton Aycliffe Station4.9 miles

About Sidney Phillips Limited, Northern

Northern

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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