The Heart of Northumberland

Beschreibung

After a major refurbishment and renovation in 2015, this historic pub was given a new lease of life returning this stunning Grade II Listed semi-derelict pub back to its former glory after being closed for years. It is now a contemporary update of the Great British Pub in it’s décor and style, as much as it’s food and drink selection. The pub has a superb reputation locally, across the North of England and even gained national recognition in 2018 after being voted Runner-Up in the Observer Food Magazine Awards as Best Place To Drink and more recently it was found to be the eighth Cosiest Pub in the UK. It’s known for being a place to relax, socialise and celebrate with friends and family with something for everyone, even the dog. Food is fit for all occasions and appetites, with an emphasis on locally sourced produce and Northumbrian tradition. Light bites, perfectly done pub classics, bar snacks, kids meals and the best Sunday roast around complement the extensive wine list, a cutting-edge keg selection, a perfect pint of Tim Taylors Landlord and the four rotating hand-pulls of well kept local ales.

Lage

The Heart of Northumberland is a great, independent free house set within the centre of the historic town of Hexham. Hexham is perfectly located for exploring the surrounding countryside including Northumberland National Park, Hadrian's Wall UNESCO World Heritage Site, Housesteads Roman Fort, Chesters Roman Fort, Vindolanda and the Roman Army Museum. Hexham is easy to access via public transport with regular bus services as well as trains from Newcastle and Carlisle on the Tyne Valley Line. The town is also brilliantly well connected by road, with the A69 east-west and the A68 north-south.

Innenräume

The ground floor is subdivided in to two main trade areas - the front bar seats 34 in a mixture of seating styles and beyond, the backroom which seats 28. The pub is decorated in a traditional style with modern influences and is exceptionally well maintained throughout. On the first level is a new function room, opened in December 2023, with its own bar servery currently set up for 32 seated covers and serving as an overflow restaurant during busy services.

Ausstattung und Inventar

We are advised that all fixtures, fittings and equipment are free from hire purchase/lease agreements, are owned outright and included in the sale. An inventory will be provided and a small number of personal items may be excluded.

Ancillary Areas

Ancillary areas include a fully fitted commercial grade catering kitchen as well as beer cellar, appropriate storage and customer toilets.

Außenbereich

There is a terrace to the rear offering seating for 20+ customers.

Betreiberwohnung

There is no accommodation on site, but there are rental properties elsewhere in the town which may be available To Let as a solution to Owners/Managers accommodation.

Andere Immobilien

To the rear of the pub is a two storey, stone built cottage which is currently derelict but could be brought back in to use, subject to planning.

Das Objekt

The Heart of Northumberland presents a rare opportunity to purchase a freehold, free of tie pub in one of the most affluent and desirable market town locations in the North East of England and frequently comes in as one of the top places to live in the UK. The business would suit a range of different operating models, currently a blend of owner-operated/management run. The turnover would support a full-time management team or a tenanted model.

Personal

The business is, since February 2024, owner-operated (one person) with the support of a full contingent of staff. In recent months, since deciding to sell, the owner has taken an active role hands-on managing the business after having the pub run by managers since 2018.

Operative Daten

Net Turnover for year ended 31.01.2024 was £669,477, with Gross Profit margin of 67.67%. Accounts for year ended 31.01.2023 show a turnover of £650,289, with a Gross Profit margin of 65.42%. There have been slightly reduced trading hours since the pandemic but in the year ending 31.01.2020 when the business was fully trading, it achieved Net Sales of £714,667. The trade split is currently approximately 45% wet & 55% dry. Full accounts can be made available to seriously interested and proceedable parties upon request.

Öffnungszeiten

Monday 12.00noon to 10.00pm Tuesday 4.00pm to 10.00pm Wednesday & Thursday 4.00pm to 11.00pm Friday & Saturday 12.00noon to 11.00 pm Sunday 12.00noon to 8.00pm

Grundsteuer

The Rateable Value is £43,500 as of 1 April 2023. Confirmation of actual business rates payable should be obtained from the local Authority.

Lizenzen/gesetzliche Bestimmungen

Premises Licence