Leisure and hospitality specialist Sidney Phillips have announced that the Cheviot Hotel, a diverse high turnover leisure business in Northumberland has now available for freehold purchase.
The Cheviot Hotel is situated in the historic market town of Bellingham, where the River North Tyne and Hareshaw Burn meet. It is a well-known stop-over on the Pennine Way, the Pennine Cycle Way and the Reivers Coast to Coast cycle route, an area full of history, myth and legend. It sits on the edge of the Northumberland National Park and as the nearest town to Kielder Water, Bellingham is within easy reach to Hadrian's Wall and the Scottish Borders.
This prominent three-storey property occupies a dominant position overlooking the square in the middle of the Town and benefits from a pub area with seating for 30, a 44 cover restaurant, function suite, and six en suite hotel bedrooms.
The Sellers have owned the Cheviot Hotel since 1998 and the current tenants are moving on so the property will be sold with vacant possession. The current tenants have improved the business and property since their tenure began and The Cheviot Hotel is well and truly “on the map”. Serving the local community as well as the many tourists who visit Bellingham throughout the year, the business has been improved dramatically.
This is an excellent opportunity to purchase a very well established hospitality business with good reviews on Booking.com and TripAdvisor. The accommodation and rooms on offer, coupled with the great location in the heart of a popular tourist area, make this ideal for a buyer to drive the leisure and hospitality trade.
The freehold interest is available off an asking price of £550,000.
For further information about this pub and hotel for sale, other pubs and hotels for sale or to let or how to buy a business please call Sidney Phillips on 01434 607841, or email north@sidneyphillips.co.uk.
(February 2022)