Bars for sale in Houghton le Spring

View the "PUB/RESTAURANT – COUNTY DURHAM" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £85,000
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Business Description
PUB/RESTAURANT – COUNTY DURHAM
Situated in the rural village of Penshaw
Scope to further develop the business
Well equipped throughout
Genuine reason for sale
Walk in condition
LEASEHOLD

Business History
Meridian Business Sales are please to offer to the market this exceptional
rural Inn which was established circa 1876 and has been in the careful hands of our clients since 2011. The only reason this excellent opportunity is being made available is due to our clients desire to take a well deserved retirement. Since our clients took over the business they have worked hard to build the customer base within the community and as such have a high level of regular and repeat trade. Our clients advise us that they currently generate a respectable annual turnover. This traditional village pub is full of character with beamed ceilings and a real open log fire in the dining area serving home cooked classic pub favourites. Themed evenings currently include Quiz's, red tooth poker, rock n roll bingo and Open the Box. There is scope to introduce a bed and breakfast in the upstairs accommodation which may create additional income subject to planning permission. This is a superb opportunity to purchase a good foundation business with development potential and as such early viewing is strongly advised.

Tenure: Leasehold

Accommodation Details:
Detached traditional inn with welcoming entrance briefly comprising: GROUND FLOOR Large frontage Menu Boards Entrance leading to bar area Beamed ceilings Well equipped bar Menu boards Ladies and gents WC Dining area: Large bow window to side Open fire Covers (approx 36 throughout) Well equipped kitchen FIRST FLOOR - Owners’ accommodation Lounge Kitchen 3 double bedrooms Bathroom EXTERNAL Grassed seating area with 3 benches. Parking to front and side Alfresco/patio area REAR Commercial car park

Location Details:
This traditional public house enjoys a fantastic rural location situated just below Penshaw Monument on the main through road. The village of Penshaw is about three miles north of Houghton Le Springs. Located east of the river Wear and next to the village church, the business enjoys an outside grassed seating area with parking to the front and side. Prominantely positioned and a short distance from Herrington Country Park and the Equestrian Centre, the premises is set on the edge of a pleasant looking residential housing estate with superb views of the surrounding open countryside to most sides. The business is accessible via the A183 and the A1 which gives easy access to densely populated areas such as Newcastle, Sunderland and Darlington, and offers further access to both to the North and the South.

Leasehold Term:
We are advised Leasehold Original length 10 years
Tenure: Leasehold

Listed by: Meridian Business Sales Limited

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