Hotel for sale

West Thirston, Morpeth NE65


OIRO
£1,000,000
S.O.A.

Features

  • 6x luxury en-suite letting rooms
  • Beautiful River Room And Conservatory
  • Boutique hotel/restaurant/bar
  • Freehold and business for sale
  • Internal Seating For 120
  • March 2019 turnover 976,582
  • Two storey detached premises

Description

Summary

We are pleased to offer to the market the freehold and business of this very established boutique hotel, bar and restaurant for sale, trading as The Northumberland Arms, situated in the village of West Thirton within rural Northumberland. Full accounts can be provided upon viewing.

There is also the option to lease the property, subject to negotiation.

Disclaimer: Please note that the seller of this property is Keith Pattinson.

Location

Situated approximately 1 mile from the A1, perfectly positioned for direct access North & South; lies the idyllic village of Felton. The subject property lies along The Peth with a view of the River Coquet in the small village of Felton. The property has excellent transport links with bus stops being just outside the property and major roads being a short drive away (A1). The property is located 25 miles north of Newcastle Upon Tyne and 9 miles south of Alnwick.

Accommodation

The subject property is a restaurant/bar and hotel. The property has a huge dining room and bar area for hotel guests and other customers to enjoy. Food is served daily in the bar, as well as the restaurant and River Room Conservatory. There is room for 120 people eating inside and 60 people outside. The property has a beer garden which sits sheltered in the trees by the River Coquet and a 16th Century Bridge. The subject property has 6 luxury rooms all with en-suites. Each room has been designed with Northumberland in mind as well as having names referring to local landmarks.

Tenure

Freehold. Title number ND91516.

Business Details

The business has turnover for the past three years as follows, as submitted to hmrc:

Year end 31st March 2019
Food: 488,406
Drink: 318,734
Rooms: 169,442
total 976,582

Year end 31st March 2018
Food: 527,077
Drink: 324,514
Rooms: 184,911
total 1,036,502

Year end 31st March 2017
Food: 483,976
Drink: 309,032
Rooms: 181,299
total 974,307

Rateable Value

The adopted rateable value is 81,250 as of 1st April 2017.
Sourced from voa.

EPC

Available upon request (rating C).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Categories

Hotels
Call
Property reference
CP_2D853DFE5C_82