Leasehold market town pub with letting accommodation in Rothbury Northumberland

Description

Business name: Newcastle House

Business type: public house, restaurant and guest accommodation

Location: Rothbury, Northumberland

Property style: late Georgian and early Victorian inn

Tenure: leasehold

Financial Information

Annual turnover excluding VAT: £563,614

Income split:

• Drinks: approximately 65%
• Food: approximately 25%
• Accommodation: approximately 10%

Letting rooms: not currently used to full capacity

Trade Areas

• Reception area
• Sports bar and lounge with approximately 20 covers
• Main bar and restaurant with approximately 30 covers
• Two central bar areas
• Function room

Interior Features

• High ceilings
• Wood panelling
• Exposed stone walls
• Original bar fittings
• Victorian entrance porch

Kitchen and Storage

• Commercial catering kitchen
• Washing area
• Preparation room
• Dry store
• Customer toilets

Cellar

Location: basement

• Storage space
• Drinks dispense system

Bunkhouse Accommodation

Bunk rooms: three

Total beds: 13

Shared lounge: included

Letting Accommodation

Guest rooms: five

• Three en-suite rooms
• Two rooms with shared bathroom access

Additional en-suite option: one room

Development Options

• Increase use of the existing letting rooms
• Convert the function room into further accommodation
• Add an en-suite bathroom to one guest room

Location

Position: Front Street, overlooking the village green

Local population: approximately 2,107

Distance from Newcastle upon Tyne: approximately 26 miles

Nearby natural feature: River Coquet

Licence and Services

Premises licence: in place

Utilities: all mains services connected

Local authority: Northumberland County Council

Rateable value from 1 April 2026: £42,000

Lease Terms

Lease type: full repairing and insuring

Landlord: Punch Partnerships Limited

Lease commencement: February 2025

Lease term: five years

Landlord and Tenant Act 1954: lease held within the Act

Lease assignment: permitted

Annual rent: £38,600 plus VAT

Rent payment: weekly in advance

Deposit: required

Personal guarantees: required

Supply tie: draught drinks and soft drinks are partially tied

Sale Terms

Leasehold asking price: £54,000

The price includes:

• Goodwill
• Fixtures
• Fittings

Stock: purchased separately at valuation