8383F

TRADITIONAL VICTORIAN FREEHOLD PUBLIC HOUSE WITH CATERING FACILITIES OFFERING SIGNIFICANT POTENTIAL LOCATED IN THE HISTORIC HEADLAND DISTRICT OF HARTLEPOOL, COUNTY DURHAM

8383F


  • Prominent corner plot in well populated residential location.
  • Public Bar (circa 20) with dual aspect to front.
  • Lounge Bar (circa 24) with multi fuel burner.
  • First Floor Commercial Cooking Area.
  • 3 Bedroom Owners Accommodation.
  • Outside Courtyard Seating Area (circa 12).
  • Potential for development/change of use STPP.
  • Advised turnover Y/E March 2019 of £82,000 (Excl. VAT).
  • Trade sales split approx. 80% Wet/ 20% Dry.
A FANTASTIC OPPORTUNITY TO ACQUIRE A PROFITABLE FREEHOLD BUSINESS WITH ADDITIONAL POTENTIAL IN A WELL POPULATED AREA


ASKING PRICE £135,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

The business is located in a residential area within the historic Headland area of Hartlepool, County Durham.

Hartlepool Headland is the most southerly point of the North East Heritage Coastal footpath route.

The Headland is formed on a peninsular of magnesium limestone which reaches into the North Sea and is located to the North of Hartlepool Town Centre and several sites of historic interest including the 12th Century St Hilda’s Church as well as a number of defensive sites including a World War 1 and World War 2 Gun Emplacement.

Since 2014 The Headland has hosted the annual Wintertide Festival, which is a weekend long event that starts with a community parade and culminates with a finale performance and fireworks display.

Hartlepool was founded in the 7th Century around the monastery of Hartlepool Abbey, the population grew significantly and the Town’s harbour served as the official port of County Durham.

In the latter part of the 19th Century Hartlepool became a major ship building location. Since the 1990’s the area has been in receipt of significant inward investment, one of the greatest successes being the redevelopment of the historic Docks Area into a very popular Marina.

Hartlepool has a population of 92,000 (2011 Census)

THE PROPERTY

The property is a 2 storey Victorian building of brick construction under a tiled roof occupying a prominent corner position in a highly populated residential area.

A Central Bar serves both ground floor trading areas which comprise:

Public Bar (circa 20) Located at the front of the property with dual aspect, carpeted flooring with a variety of bench and stool seating around free-standing tables.

Lounge Bar (circa 24) The seating area is carpeted throughout and offers upholstered bench seating and chairs around free standing tables. Multi Fuel Burner.

Ladies and Gents W.C’s are accessed via the rear hallway.

The business is served by a fully equipped Underground Cellar.

The business has a Commercial Cooking Area with stainless steel overhead extractor, located on the first floor with separate wash up area (equipment not tested).

OWNERS ACCOMMODATION

On the 1st floor of the property the Owners Accommodation comprises 2 double bedrooms and lounge/diner. The room currently configured as a wash up area was previously a bathroom and we are informed that this could be easily reinstated.

EXTERNAL

To the rear of the property there is a Courtyard Area offering outside seating (circa 12).

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday to Saturday 11.00am to 11.00pm

Sunday 12.00noon to 10:30pm

Opening hours are currently flexible within the above licensed trading hours.

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected including gas central heating (no services tested). Business rates are currently not payable.

THE BUSINESS

The current owner purchased the business in 2014 and it is now only being offered for sale so that they can enjoy a well earned retirement.

We are advised that accounts declare takings of circa £67,000 (excl. VAT) in the year to end March 2018. We are advised that takings for the year end March 2019 have increased to £82,000 (excl. VAT).

The current owner has generated additional income/profits from offering Sunday Lunches which are promoted on the Just Eat platform. New owners could continue with this model and also potentially drive additional revenue from extending the food offering to other days of the week.

The property offers development potential/ change of use in the hands of new owners subject to the necessary planning consents.

Accounting information will be made available to interested parties after viewing.

The property was viewed by Lee Davy who would be delighted to discuss further details and can be contacted on 07496 849424.

Viewing appointments must be made via Guy Simmonds on 01332 865112. Details Prepared: March 2020.

ADDITIONAL IMAGES

8383F

8383F

8383F

8383F

8383F