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Public House Near Chester Le Street For Sale

Chester Le Street, County Durham, UK
Asking Price:
£225,000
Turnover:
Not applicable
Net Profit:
Not applicable

• Established Public House opportunity.
• Bar, Former Snug and Lounge.
• Pleasant rural location.
• External patio and seating area.
• First floor private function facility.
• Private car parking.
• Separate 2 bed owner’s accommodation.
• FREEHOLD OFFERS OVER £225,000 plus VAT.

Property Information

Property:

Freehold

Living Accommodation:

Located in the spacious upper attic space, the owner’s accommodation extends to a lounge, kitchen, two bedrooms and a bathroom. Again, money would likely have to be spent upgrading these facilities should a new owner wish to live on site.

Location:

This is a traditional detached Public House built in the mid -19th Century and enjoys a rural feeling location to the south west of Chester le Street.

The property operated as a Public House until recently and now offers a rare opportunity to a new owner operator looking to create a new destination venue.

The Smiths Arms is located in the small hamlet of Castle Dene which lies between Great Lumley and Chester le Street. The property can be accessed from Lumley New Road and then Forge Lane and is on a bend just before the road drops under the A1(M) overpass.

This secluded location provides a semi-rural feel, but with the benefit of being close to a number of centres with high levels of population. Access from throughout Tyne & Wear via the A1(M) and A167 is relatively easy and both Lumley Castle and the Riverside International Cricket Stadium are situated nearby.

Premises Details:

Description

This is a substantial three storey building of traditional brick construction with a slate roof over. The pub comprises public accommodation on the ground and upper floor with the owners flat above in the attic space. Externally there is a private car park plus outside seating areas to the front and side, with views across the Dene.

Public Areas

The main entrance is from the front and leads into either the Bar or Lounge. The Lounge is a spacious room with a log fire and ceiling beams that reflect a traditional character. The Public Bar interconnects with the former Snug and has a black lead range. The bar servery interconnects between each room and at the rear of the Public Bar there is small kitchen and potwash.

To the first floor there is a large function room which is the full width of the building with another room off. In total we believe up to 65 diners could be seated and there is a former commercial kitchen facility adjacent.

The property could make an excellent destination food and drink venue but will require significant investment.

External

There is a private car park to the side of the pub which can accommodate 8 - 10 cars plus a good-sized beer garden and terrace seating area.

Services

All mains services are provided apart from mains sewerage. A septic tank is located adjacent.

Trade

No accounts are available.

Rateable Value

RV £13,500 – incentives available subject to status.

Asking Price

Offers in excess of £225,000 plus VAT are sought for the freehold interest including any trade items and goodwill. Stock would be at valuation if applicable.

Energy Performance Rating:
C

Contact North East Commercial

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