The Grade II listed coaching inn occupies a prominent, roadside position on the busy A68, a major tourist route leading to the Scottish borders and Darlington. The Bay Horse Inn has substantial ground floor trading space with a traditional bar, games room and separate dining room, providing over 100 covers combined.
On the first floor, there are seven guest letting bedrooms consisting of two family rooms and five twin or double rooms. The accommodation is ideal for tourists, visitors passing through the area, and those attending weddings or events in the nearby villages, providing an additional income stream for the business.
The inn sits on a large plot which provides parking spaces for 15 vehicles, a large grassed area which could be utilised as a trade garden and further unused outside space which could be adapted for a variety of uses, such as additional letting accommodation, subject to planning permission. Also present on the site is a biomass heating system, which was installed in 2015 and generates approximately £9,000 per annum in RHI payments, which are due until March 2035.
Current owner of the Bay Horse Inn, Hilda Wright comments, “I have thoroughly enjoyed my time running the Bay Horse but feel the time has come for us to hand the reigns over to a new owner-operator. I’d love to see the business go to somebody who can take it to the next level and capitalise on the opportunities for camping or glamping pods.”
David Cash, Senior Agent at Christie & Co’s Newcastle office is handling the sale and comments, “Ms Wright is seeking to retire after a thoroughly enjoyable career in the hospitality industry. Given the popularity of wedding businesses nearby, as well as the rise of the staycation, this established business still has plenty of room for growth. The business is largely management run and offers a new owner huge scope to increase trade and profits.”
The Bay Horse is on the market freehold at an asking price of £425,000.