Gilsland, Northumberland, CA8

Guide Price
£320,000
Reduced on 25/11/2020
Red Hot Property, Hexham
PROPERTY TYPE
House
BEDROOMS
x4
BATHROOMS
x6

Key features

  • Busy Public House with Rooms
  • Car Park & Beer Garden
  • Extensively Refurbished
  • Scope to Further Develop

Property description

Tenure: Freehold

This business has been owned and operated by the current owners since 2013. During this time, they have undertaken an extensive refurbishment and re-fit project to the public house and restaurant areas, as well as the B&B accommodation comprising of 4 en-suite rooms, 2 doubles and 2 twins. There are also 2 additional rooms on the second floor which have permission to convert. The sale includes all fixtures and fittings and produces a healthy, stable and steadily increasing turnover which enjoys a balanced split between income streams. Before the Pandemic the turnover was in the region of £300,000 net. The business is fully staffed and has undoubted potential for further development and diversification.
In addition, the sale includes an adjoining two bedroom flat, this may be ideal owner or staff accommodation or provide further buy-to-let investment opportunity.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.




An exciting opportunity to purchase this delightful and extensively refurbished village pub with four modern guest rooms in a honey-pot location just 50m from Hadrians Wall National Trail. The growing and well-performing business provides bar and dining facilities, an open lounge and separate restaurant and snug. Externally is a large stone built shed, private car park and an enclosed beer garden. The bed and breakfast accommodation includes en-suites to each room. There is undoubted scope to further develop and may ideally suit those seeking an involved role within an established and well reputed business.

Agent Notes:

This business has been owned and operated by the current owners since 2013. During this time they have undertaken an extensive refurbishment and re-fit project to the public house and restaurant areas, as well as the B&B accommodation. The sale includes all fixtures and fittings and produces a healthy, stable and steadily increasing turnover which enjoys a balanced split between income streams. The business is fully staffed and has undoubted potential for further development and diversification. In addition, there is an opportunity to purchase an adjoining two bedroom flat with a guide price of 60,000. This may be ideal owner or staff accommodation or provide further buy-to-let investment opportunity.

Entrance Lobby

Main Bar

Fully stocked bar area.

Lounge Bar

With open fires, sofas, tables and chairs.

Dining Room

With tables and chairs.

Snug Area

Private sitting area with sofas and open fire.

Catering Kitchen

Fully equipped commercial kitchen with separate walk in cold room, pantry and preparation/storage areas.

Wash Up Area

Beer Cellar

Ladies and Gents Customer Toilets

Including separate disabled toilet.

Stairs to B&B Accommodation

Leading to a landing with stairs to two attic storage rooms (with undoubted potential to convert).

Bedroom One

3.8m by 3.4m

En-Suite

Fitted with shower, hand basin and WC.

Bedroom Two

4.24m x 4.55m

En-Suite

Fitted with shower, hand basin and WC.

Bedroom Three

4.45m x 4.04m

En-Suite

Fitted with shower, hand basin and WC.

Bedroom Four

3.58m x 4.04m

En-Suite

Fitted with shower, hand basin and WC.

Beer Garden

Enclosed lawned garden with picnic benches.

Car Park

Potential to accommodate approximately 15-20 cars.

Licence

A premises licence prevails allowing sale by retail of alcohol for consumption on and off the premises, and the playing of live and recorded music (Mon-Sat 11am to 1am).

Business Rates and Council Tax

The property is in an area administered by Northumberland Council. The VOA website shows the property has a 2010 Rateable Value of 15,000. The 2017 Rateable Value has been assessed at 11,500. 100 small business rates relief might apply to this property.

Services

The property benefits from mains water, electricity and drainage, and uses LPG for gas supply.

SEPARATE FLAT:

Available for sale with a guide price of 60,000.

Lobby

Stairs to first floor.

Living-Kitchen

4.85m x 4.24m

Range of wall and floor units with laminate worktop surfaces, Plumbed for washing machine, Sink and drainer unit, Electric cooker with extractor hood over, Open feature fire, Two double glazed windows.

Bedroom

3.2m x 3.86m

Double glazed window, Built-in cupboard.

Bedroom

4.04m x 3.3m

Single central heating radiator, Double glazed window.

Bathroom

2.67m x 3.43m

WC, Wash hand basin, Bath with shower over, Heated towel rail, Two built-in cupboards.

External

Yard area, Storage shed with walk-in cooler.

About the Area....

Gilsland is a village of about 400 people that straddles the Cumbria-Northumberland border just off the A69, 20 miles east of Carlisle. It is an important hub and gateway to Hadrians Wall, which draws hundreds of thousands of visitors a year from all over the world. The Hadrians Wall National Trail at Gilsland, which passes just 50m from the pub, has an annual footfall of approximately 50,000. All the important Roman sites are within easy reach of the village, including Vindolanda, Housesteads, Birdoswald and the Sill centre. In addition, there is an on-going, optimistic campaign to reopen the railway station, which would further boost both tourism and local job prospects for the village.

Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Property Rental Service

Red Hot Property provides both a tenant placement and full management service for landlords. Full details are available on our website (redhotproperty.co.uk).

Energy Performance Certificates

EPC Rating Graph

Gilsland, Northumberland, CA8

NEAREST STATIONSDistances are straight line measurements from the centre of the postcode

  • Haltwhistle Station4.5 miles
Mortgages
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Market information
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About the agent

Red Hot Property, Hexham

13 Battle Hill, Hexham, NE46 1BA

Red Hot Property, Hexham

Red Hot Property provides a fresh, dynamic and highly effective approach to selling homes. Our success has been staggering over the last few years and we are growing rapidly as a company, selling many homes across the North East and even further afield. We offer the fullest range of estate agency services, harnessing the latest technologies and combining them with the best of traditional estate agency values.

More properties from this agent

Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

Notes

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Disclaimer - Property reference RHP200173. 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 Red Hot Property, Hexham. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Hexham on 01434 410022.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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