The Royal Oak, 7 Manor Road, Medomsley, United Kingdom, DH8 6QN

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Net Turnover 2023 - c.£353,000 • 4 Bed Owners/Manager's Flat • Long Established with good following • Leasehold option to an experienced operator • Well Presented, Large Beer Garden, Car Park • Total Site Size c.0.246 Acres - EPC Rating D • Christie & Co Ref: 6450534

Location: • Nearest Station: Stocksfield Station • Distance to Station: 5.9 miles

Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Full Description: DescriptionThe Royal Oak is a is a traditional country style free of tie pub well renowned for its food offering, whilst maintaining a healthy drinking trade and upholding an excellent reputation.Boasting a huge beer garden area, dining area, and drinks space, the village pub has become a solid choice for people in North West Durham. The property is immaculately presented which is evident to all that view.The pub is operated by a husband and wife team and is mentioned in the Good Beer Guide from CAMRA and has a rating of 4.5/5 from TripAdvisor and ranked #6 of 33 Restaurants in Consett.LocationThe Royal Oak is situated in Medomsley, an attractive village in the north-west of County Durham, approximately four miles from Consett and bounded by Ebchester, Burnopfield, Annfield Plain and Stanley. The pub overlooks Manor Road, the B6310, which is a very busy and popular route, running through Medomsley on the way to and from north-west Durham. Consett is nearby and is a much larger town with a population of around 25,000.Internal DetailsThe main trading area comprises an inviting bar and dining areas with a good range of draught products and premium spirits. Seating and standing for c.100 guests.Ancillary Areas: Commercial grade catering kitchen, as well as multiple store rooms, a very well kept beer cellar, office and customer toilet facilities.Fixtures & FittingsWe have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. Items personal to the Sellers are excluded.TO LETOur clients are prepared to offer a new, free of tie lease to an experienced operator at a commencing rent of c.£30,000 per annum. Lease length and other terms are to be negotiated.External DetailsThe Royal Oak boasts a large beer garden to the rear of the property with tables and chairs for a minimum of 100 covers. This area is often used to host events such as BBQ's, live music, birthday parties and small weddings etc.There is a good sized car park to the front with 13 spaces.Owner's AccommodationAt first floor level there is a well presented four bedroom owners/manager's flat with lounge, bathroom and kitchen.The OpportunityThe Royal Oak presents an opportunity for an experienced licensed operator to acquire a busy pub with a fantastic reputation for food, as well as a strong local drinking trade.Equally, the property may appeal to an investor looking to let the premises to an operator.StaffThe pub is owner operated with the assistance of full and part-time staff.Trading InformationTurnover for year ended 31st March 2023 was £352,678, with the trade split being split as follows:Food - 60%, Beverage - 40%Barrelage data also available.Trading HoursMonday to Friday12.00pm - 3.00pm5.00pm - 10.00pm Saturday12.00pm - 10.00pm Sunday12.00pm - 11.00pmTenureTO LET: Our clients are prepared to offer a new, free of tie lease to an experienced operator at a commencing rent of c.£30,000 per annum. Lease length and other terms are to be negotiated.Business RatesThe Rateable Value as of 1 April 2023 is £8,325. Confirmation of actual rates payable can be obtained from the local Authority.RegulatoryPremises LicenseEnergy Performance CertificatesEPC 1