Leasehold village pub in Thropton

This property is marketed by:
Sidney Phillips

Key Features

• Village pub
• Large, detached property
• Two trade areas
• Letting accommodation
• Large rear beer garden
• Net turnover £600,000

Location

Occupying a prominent position on the main road in the hamlet of Thropton, a beautiful location in the heart of Northumberland National Park, just 2 miles north of the quaint market town of Rothbury. The business offers great all year round trade from locals and tourists and has earnt a great reputation for its affordable food, drink and accommodation. 

The property is a detached public house situated in a beautiful rural location. This two-storey property is presented in good condition and has stunning views to the rear of rolling countryside and the nearby river. Understood to date back to the 18th century, it is of stone construction under a pitched slate roof.

The property briefly comprises:- 

Property

TRADE AREAS 

Front entrance to the property from the main road. You are welcomed into a beautiful SERVERY area with stone flooring, exposed brickwork and a large fireplace with a log burner, leading into a spacious lounge/dining area with dining tables and comfy leather sofas. This trade area retains lots of original charm and character and has a capacity of approximately 50. 

The bar servery is dark wood panelled with canopy over and a polished wooden top. 

To the rear of the pub is the main DINING ROOM with a capacity of 70 and patios doors with views overlooking the beer garden and countryside. The dining room is also equipped with its own bar servery and carvery serving station. 

GENTLEMEN’S and LADIES’ WCs adjacent to the main bar area and additional toilets in the main dining room. 

CELLAR accessed from the front of the property, fitted with a high quality dispense system and plenty of extra storage. 

Fully equipped CATERING KITCHEN with various cold and dry storerooms offset and an external walk-in cold store. In addition, there is a WASHING UP AREA with dishwasher and wash basin. 

FIRST FLOOR 

Located on this floor are FIVE EN SUITE LETTING ROOMS: one family room, one triple and two doubles are currently in use. All are spacious and in good condition. There is also a manager’s office. 

LETTING ACCOMMODATION 

In addition to the five en suite letting rooms, there a spacious log cabin. Located at the rear of the property, it has a double bedroom, a large en suite and its own patio garden with stunning views. 

EXTERNAL 

To the front of the property is a large CAR PARK for approximately 25 vehicles. There is also a double barn in the car park which is not part of the lease but the purchaser will have access to it. To the rear of the pub is a stunning beer garden that leads on to a field, which has the potential to be used for glamping (STPP). The property also has fishing rights on the nearby River Coquet. The rear beer garden is extremely popular in the warmer months and increases the pub's capacity significantly. 

The Business

Our clients have owned and operated the business for a number of years and it has become very profitable. They now wish to retire. 

The business generates a net turnover in the region of £600,000 per annum with an excellent net profit. Currently trade is food-led and with the letting accommodation, this is a true ‘turnkey’ business.

Further accounting details are available to all interested parties after a formal viewing.

Tenure

LEASEHOLD £95,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.

The Property is held on a full repairing and insuring lease agreement from Punch Pubs and a new ten year lease will granted to the purchaser of the business. The lease will fall within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable.

Rent currently stands at £55,500 per annum, including VAT and accommodation, paid monthly in advance and subject to rent reviews.

An incoming party with be required to provide a rental deposit to the Landlord in advance plus personal guarantees. The lease is of partial tie: tied on beers and cider and 50/50 split on hand-pulled draught; free-of-tie on wines, spirits, minerals and FABs.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Licence

A full Premises Licence is held.

Local Authority: 

Northumberland Council

County Hall

A197, Morpeth

NE61 2EF

Services

Main water, electricity and drainage are connected. LPG gas tank supply. 

Current rateable value from 1 April 2023 to present: £17,750