Leasehold market town pub with letting accommodation in Rothbury Northumberland

Description

Northumberland market town19th century inn on main town and village greenTwo barsFive letting bedroomsBunk room accommodationTurnover £563,614 per annum net of VATLocationRothbury is a market town with a population of approximately 2,107, located on the River Coquet in rural Northumberland around 26 miles north of Newcastle upon Tyne. The property, Newcastle House, is positioned centrally overlooking the main village green.PropertyNewcastle House is a late Georgian and early Victorian style building with a Victorian porch, located on Front Street and facing the village green.Trade areas include a reception area, a sports bar or lounge with 20 covers, and a main bar and restaurant area with 30 covers. The interior retains original features including high ceilings, wood panelling, exposed stone walls and original bar fittings. Each area includes a central bar.A function room is also available with potential for conversion into additional letting accommodation.A catering kitchen with washing area is located to the rear, along with a prep room and dry storage.Customer toilets are positioned to the rear.A cellar is located in the basement with storage space and a dispense system.Bunkhouse accommodationLocated on the first floor, comprising three bunk rooms with a total of 13 beds and a shared lounge area.Letting accommodationFive letting rooms located on the first floor, three with en suite facilities and two with shared bathroom access. Potential to add an en suite to one room. All rooms are accessed via a central staircase and are maintained to a good standard.LicencePremises licence in placeServicesAll mains services connectedRateable value £42,000 from 1 April 2026Local authority Northumberland County CouncilBusinessAnnual turnover of £563,614 net of VAT. Income split approximately 65 percent wet sales, 25 percent food and 10 percent accommodation. Letting accommodation not fully utilised.TenureLeasehold £54,000 including goodwill, fixtures and fittings. Stock at valuation in additionHeld on a full repairing and insuring lease with Punch Partnerships LimitedLease term from February 2025 for 5 yearsWithin the Landlord and Tenant Act 1954Assignable leaseRent £38,600 plus VAT per annum, paid weekly in advanceDeposit and personal guarantees requiredPartial tie on draught and soft drinks