Bed & Breakfasts for sale in Sunderland

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S Martin (Feb 2013)
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Freehold Price: £374,995 Annual Turnover: £156,000
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Business Description
• Free house
• Weekly Turnover £3000, wet sales only
• Corner location in busy residential area
• Potential for alternative use (with permission)

This is an exciting opportunity to purchase a well known and renowned pub which occupies a prime trading position at the heart of a bustling residential area in Washington, Sunderland. Freehold Ref: 43363.

The current vendors have operated the business successfully for 16 years and have now placed the business on the market due to their impending wish to retire. Hylton Castle Arms is located in a large estate on the southern outskirts of Sunderland, easily accessed off the A1231 which leads through from the Washington highway past the A19 trunk road and through into Sunderland running parallel with the river wear.

Hylton Castle Arms is a family run business which currently operates with wet sales only. The business is made up of 3 main areas; large public bar with cushioned seats and wooden table, a function hall located to the left with capacity for 80 and also has its own bar and a Pool room to the right which has its own section of the main bar. The business has been run by the current owners own admission to a pace that suits their lifestyle but has huge potential to increase turnover by introducing food sales, as well as promoting the large function hall. It should also be noted that in the past the current vendors have enquired about change of use for the site with plans for a 60 bed Nursing Home and residential site with 26 flats.

Hylton Castle Arms owner’s accommodation is directly above the business with its own entrance from the rear. The accommodation comprises of 2 large bedrooms, modern living room/dinning room, kitchen and very impressive bathroom with stand alone steam shower and double Jacuzzi bath. Owners also benefit from decked roof top patio and its very own bar with mini cellar and glass block bar. This area of the property can only be appreciated from viewing which is highly recommended.

Summary. Fantastic opportunity to purchase a large plot in residential area with good going concern business and potential for alternative use.
Tenure: Freehold

Listed by: Kings Business Transfer
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