32 Priestpopple, Hexham NE46 1PQ
The Coach and Horses is a popular pub in the Priestpopple area of Hexham. Owned by Punch Taverns until December 2017, Admiral Taverns are seeking a quality partner to rejuvenate this pub. Currently we 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 licensee to take over this excellent pub and develop a bar, restaurant, hotel business of real sustainability in one of Northumberland’s largest
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
About the Pub – Coach and Horses Hexham
The current offer is split neatly into three. There is a 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. 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. 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.
TRADING STYLE The Coach and Horses is a long-standing traditional venue prominently located in the heart of Hexham. Admiral Taverns have owned the property for 2 years. In this time, we 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.
ACCOMMODATION Private Accommodation The Coach and Horses will benefit from a full refurbishment with the potential to have a full floor of private accommodation or additional letting rooms, depending on the in-going tenants vision.
Coach and Horses Hexham
Letting Prices – Coach and Horses Hexham
Annual Rent Post Investment: £37,750
Security Deposit: £9,000
Working Capital: £20,000
Fixtures and Fittings: Upon Valuation – Funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee. Training: £250 plus VAT
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.