Darlington bar & coffee house set to become new Irish bar following acquisition
Specialist business property adviser Christie & Co has announced the sale of Number One Bar & Coffee House, a prominent hospitality venue and development opportunity located in Darlington town centre, which is set to be transformed into an Irish bar concept by its new owners.
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Since opening in 2016, Number One Bar & Coffee House has established itself as a well-known destination within Darlington's hospitality sector. Operating as a popular coffee house by day and vibrant bar by night, the business has built a strong local following and reputation within the town.
Situated at 1 Skinnergate in the town centre, the property is located within a key regeneration area of Darlington, and benefits from strong footfall from residents and visitors from surrounding areas.
The landmark Grade II listed property comprises a substantial five-storey building, with approximately 597 square meters of trading space across the ground floor and basement, catering for around 200 covers. In addition to the hospitality business, the property benefits from planning permission for the conversion of the upper floors into seven residential apartments.
The property has been acquired by the newly formed D & J Pub Group, which is planning a major refurbishment.
The business will continue to operate as Number One until 1st September, before being relaunched as Grace Kelly's Irish Bar.
They added, “Grace Kelly’s Irish Bar is scheduled to open in late September to early October and will bring with it all the atmosphere of bars like the Dubliner and the very popular Katie O’Briens.
“Grace Kelly’s will be Darlington’s biggest and best Irish bar, with daily live music, and will open until late on weekends. When the singers finish for the evening, the DJs will keep the party going!”
Marslie McGregor, Senior Business Agent - Pubs & Restaurants at Christie & Co, who managed the sale process, commented, “Number One Bar & Coffee House offered a unique opportunity to acquire a substantial freehold property in the centre of Darlington with considerable potential.
“The combination of an established hospitality operation and planning consent for residential conversion attracted interest from a variety of buyers, including investors and developers. We are pleased to have completed the sale and look forward to seeing the new owners bring their exciting plans for the venue to life.”
Former owner David commented, “Christie & Co were very professional throughout the sales process, their hospitality experience and advice was very helpful and pre-empted hurdles along the way.”
Number One Bar & Coffee House was sold at an undisclosed sum, off a freehold asking price of £650,000.
Further information about Grace Kelly's Irish Bar can be found at: https://gracekellysirishbar.co.uk/
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