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Coach & Horses

Priestpopple, Hexham, Northumberland, NE46 1PQ
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REFURBISHMENT PLANNED

Facilities

Cask Ale
Beer Garden
External Drinking Area
Catering Kitchen
Letting Rooms
Live Entertainment
Restaurant/Dining
  • Cask Ale
  • Beer Garden
  • External Drinking Area
  • Catering Kitchen
  • Letting Rooms
  • Live Entertainment
  • Restaurant/Dining

Location

Fantastic pub located in the beautiful town of Hexham

Ingoing Cost: £22,000.00
Rent: £15,000.00
Agreement Type: Tenancy
Reference Number: IU3WDL / 16040403

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

The Coach and Horses is a popular pub in the Priestpopple area of Hexham. The landlords are seeking a quality partner to rejuvenate this pub. Currently, they are drawing up plans with a view to a large-scale refurbishment to bring out the undoubted potential of this exciting venue. Hexham is home to a high level of aspirational commuters who reside here owing to easy access to the City of Newcastle.

Additionally, the town is popular during the summer with walkers, cyclists and tourist all looking for a town centre base for their activities in the beautiful Northumberland countryside. This is a unique opportunity in a sought-after area for an entrepreneur or multiple licensees to take over this excellent pub and develop a bar, restaurant, hotel business of real sustainability in one of Northumberland’s largest towns

The current offer is split neatly into three. There is the main bar offering live entertainment, quiz nights and an extensive beer range. The right-hand side of the pub houses the main bar which moves out into the courtyard area which is spectacular in its current condition. Across the courtyard is the restaurant and commercial kitchen. Upstairs are five letting rooms that are oversubscribed between April and September. Additionally, there is a disused space that can be converted to achieve another 5-7 rooms depending on size and layout.

To the rear of the pub through an alleyway (which houses tables and chairs for outside undercover drinking and dining) is a large beer garden which again works well now but could have fantastic potential fully developed by a top-level brand coupled with quirky features.

Trading Style:

The Coach and Horses is a long-standing traditional venue prominently located in the heart of Hexham. The landlords have owned the property for two years. In this time, they have taken back the site and cleansed the venue of poor management. The pub will no longer trade in a mediocre fashion and will remain closed until a renamed pub is re-positioned via a substantial refurbishment programme.

The pub will offer breakfast for its guests, and this will be served in a new coffee shop/restaurant facility located on the ground floor. This will be an open plan affair with a menu that serves, lunches, snacks and evening meals as well as being a meeting place for consumers to enjoy in premium surroundings. Additionally, this arm of the business will easily secure a large portion of the Sunday Lunch market in the Hexham area. The pub will serve a great range of Real Ale, Craft Beer and showcase a superb range of modern wines, spirits and minerals. The inexpensive product will remain the preserve of competitors in Hexham with the Coach and Horses focusing on the customer searching for a great quality pub experience. Drivers here will be a critically on-point range, live acoustic music and quiz nights. The premium experience will spread into the pubs most appealing and unique asset. The pub benefits from a yard and beer garden that with a green-fingered approach could easily be a must-visit feature for people when in the area. This area could easily accommodate 50/60 consumers, both seated and standing and once invested, will be the showpiece and main attraction of the pub.

All In all, this is rare to market opportunity. As you can see, income streams are multiple in an affluent area as highlighted by trading top high street names located in Hexham such as Waitrose, M&S and Majestic. This site really does tick all the boxes.

Private Accommodation:

 

The Coach and Horses benefits from two double bedrooms, a lounge, kitchen, bathroom and office all in good order.

Key Financial Information

Please be aware energy performance certificates are available from the landlord.

Fixtures and fittings: £Upon valuation (Funding options available for the right licensee).

5-year tenancy agreement

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