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Restaurant With Bar And Hotel In Bamburgh For Sale

Bamburgh, Northumberland, UK
Asking Price:
£1,600,000 Furniture / Fixtures included
Turnover:
£930,000
Net Profit:
Available on request

• Historic Grade II listed building.
• Overlooking Castle and Village Green.
• 7 en suite letting bedrooms.
• Bar, Dining areas and dog friendly lounge.
• Beer garden with Castle views.
• Public car parking to the front.
• Owners parking to rear.
• Strong year round trade.
• Extremely popular coastal destination.
• Freehold Guide Price £1.6 million.

Property Information

Property:

Freehold

Location:

Introduction

Overlooking the main village green and with views up towards the Castle, The Lord Crewe is a popular and attractively appointed pub, restaurant and hotel with a long trading history.

The 7 en-suite letting bedrooms are all nicely appointed and this is an establishment with very strong levels of repeat business from day trippers and holidaymakers alike.

Location

Bamburgh sits imposingly on the North Northumberland coast just off the A1 which is the main route between North East England, Edinburgh and Scotland. This location makes Bamburgh easily accessible and an excellent base to explore this dramatic coastline but also to travel further afield to the Cheviots and Scottish Borders. Newcastle upon Tyne is only an hour or so away by road and therefore Bamburgh has always been a popular destination for the local north eastern residents.

However, the town is seeing more and more visitors from outside the region and the Lord Crewe enjoys its fair share of this trade being within the heart of the village and with little competition.

Premises Details:

Description

This is a substantial two storey Grade II listed building with public accommodation on the ground floor and letting rooms above. There are outbuildings and a pleasant beer garden with views out towards the main green and the Castle.

Public Areas

The main entrance is from the street and leads into the bar and service area with one of the dining rooms off to the right. This is a well-appointed room with an open fireplace. Through the bar there is the guest reception, together with another spacious dining area and the toilets. There is another bar area which has been refurbished to provide a dog friendly facility and there is also separate access to this from the street. Externally there is a large beer garden with views out towards the Castle and the main green.

Letting Bedrooms

7 letting bedrooms sleeping up to 14 guests (twins and doubles) all with en-suite facilities and showers. Room 5 also has a rolltop bath and all rooms have a flat screen television, hospitality trays and direct dial telephones. The bedrooms to the front of the property have views out towards the Castle.

Service Areas

There is a range of ancillary space which includes commercial kitchens, a staff area and a ground floor cellar.

External

A good-sized beer garden and terrace overlooks the Village Green and there are two designated parking spaces to the rear of the property itself.


Outbuildings

There is a dry store to the rear of the commercial kitchen and a walk-in chiller.

Services

There is mains water, sewerage and Phase 3 electricity into the property. Heating is by way of LPG and there are two boilers, one of which serves the hot water supply.

Trade

Turnover for YE2019 was reported at £930,000 net of VAT.

Rateable Value

RV £66,500 – exempt until March 2021.

Asking Price

Offers in the regions of £1,600,000 are sought for the freehold interest including the trade items and goodwill. Stock would be at valuation.

Viewings

Strictly be appointment with this office.

Money Laundering

In accordance with the current Anti-Money Laundering Regulations, the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

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