The Cobbled Yard Hotel, Walkergate, Berwick upon Tweed, TD15 1DJ - BM4928

The Cobbled Yard Hotel, Walkergate, Berwicm upon Tweed, TD15 1DJ

Asking price:  £180,000


Quick Summary

Price £180,000
City Berwick upon Tweed
Status Under Offer
Size (Acres)
Beds 5
Bathroom 7
Garden
Parking Spaces
Period

Downloads


Contact

Berwick Office
01289 304432

Unique opportunity to purchase a well located hotel/restaurant/bar with obvious potential.
Prominent town centre corner location.
Five en-suite letting bedrooms, 44 cover restaurant, bar.
Parking for 5 vehicles.
Sale due to retirement after 32 years of successful trading.

 

Location
The Cobbled Yard Hotel is located in the historic town of Berwick upon Tweed, which has a population of around 14,000 and a further catchment area of 42,000.  As England’s most northerly town it is situated approximately equidistant between Edinburgh (north) and Newcastle upon Tyne (south) and is served by the A1 trunk road and the mainline East Coast Railway network providing regular access to Edinburgh and Newcastle upon Tyne (approximately 45 minutes) and London (approximately 3½ hours).

Although not a large town, Berwick is regarded as the principal market town serving north Northumberland and the east Borders, and offers a full range of retail, leisure and banking services. In addition, Berwick benefits from an excellent tourist trade in the summer months.

Situation
The Cobbled Yard Hotel is located on Walkergate a busy thoroughfare running between the town’s principal retail area of Marygate to the west and Church Street to the east and benefits from ample nearby parking.

Description
The property comprises a two storey, corner end of terrace property dating to the early 20th century. The property was once known as the Rose and Thistle public house which is said to have been frequented by the soldiers garrisoned in the nearby Berwick Barracks, one of Britain’s oldest, purpose built barracks.

The Cobbled Yard is fairly unique in shape retaining many original and quirky features such as the rounded corner between Walkergate and Chapel Street, an interesting roof form, corner chimney arrangement and many original etched glass window panes.

Externally there is a small rear courtyard providing access to the basement beer cellar with a gate linking to the adjoining private car park which provides parking for five vehicles.

Accommodation
Ground Floor
The ground floor is currently configured to provide a bar, dining room, commercial
kitchen and associated ancillary areas.

First Floor:
Five en-suite letting bedrooms:
Room 1 Family room with disabled facilities
Room 2 Small double/large single
Room 3 Family room
Room 4 Double room
Room 5 Family room

Laundry and office areas.

Basement:
Traditional beer cellar.

The Business
The business is not currently trading however accounts up to September 2017 are available on request.

Areas
The property was measured in 2016 in accordance with RICS Property Measurement, latest edition to provide a gross internal area of approximately 321.08sqm (3,456.07sqft).

Services
All mains services including water, gas, electricity and sewerage are connected.

No warranties are provided as to the capacity or suitability of these services and interested parties are advised to rely upon their own enquiries.

Use Classification
We understand the property currently has the benefit of C1 (Hotel) use classification as defined in the Town and Country Planning (Use Classes) (Amendment) (England) Order 2015.

Rateable Value
£9,500 effective from 01-Apr-2017.

Under the Small Business Rates Relief Scheme the property may be exempt from Business Rates subject to application and eligibility.

Statutory Designations
We understand the property is not listed but does lie within the Berwick Conservation Area.

Rights, Easements & Outgoings
The property is sold subject to and with the benefit of all rights of ways, whether public or private, and any existing or proposed wayleaves, easements, servitude rights, restrictions and burdens of whatever kind, whether referred to in these particulars or not.

EPC
An Energy Performance Certificate has been produced for the property which rates the property at Level D.

A full copy of the EPC is available to download from the Edwin Thompson website.

Tenure
Freehold.

Equipment
The Purchaser will be given the opportunity to purchase all equipment and trading stock at valuation.

Method of Sale

The freehold property is offered for sale as a whole by private treaty either as a going concern or with vacant possession.

A closing date for offers may be fixed and all interested parties are advised to register their interest with the Selling Agents. Please note that only interested parties will be informed of a closing date. The Vendor reserves the right to sell privately and shall not be bound to accept the highest or indeed any offer.

Viewing
Strictly by appointment with the Selling Agents, Edwin Thompson, Chartered Surveyors.
Tel: 01289 304432

Email: [email protected]

 

Unique opportunity to purchase a well located hotel/restaurant/bar with obvious potential.
Prominent town centre corner location.
Five en-suite letting bedrooms, 44 cover restaurant, bar.
Parking for 5 vehicles.
Sale due to retirement after 32 years of successful trading.

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