Gibside Hotel, Front Street Whickham, Newcastle upon Tyne, NE16 4JG

A well presented and maintained 42 bedroom hotel in a highly desirable suburb of Tyneside. There is good food and beverage trade with weddings, functions and parties, as well as daily tea, coffee and snacks business from the large bar.

There are two self contained apartments, a three bedroom manager's/owner's flat and on site parking.

The Gibside Hotel enjoys a prominent position on the main road in the highly sought after Tyneside suburb of Whickham, approximately five miles from Newcastle city centre. It is conveniently located to take full advantage of both commercial and tourist trade into the region, as well as being ideal for local weddings, parties and functions.

Entrance reception lobby leading to a large bar with 100 covers and panoramic views of the Metrocentre and Newcastle upon Tyne. The Strathmore Suite is a generous function room with a capacity of 100 and is ideal for wedding ceremonies and receptions, featuring a bar servery and outlook onto Whickham Front Street.

The restaurant can seat 150 and has a good sized, comfortable reception area and bar servery which is also tastefully presented to a very high level, featuring an ante room with seating for 20.

Completing the trading areas is the Ravensworth conference room which has seating for up to 20 delegates.

The catering kitchen is of an excellent size and is very well equipped with the necessary commercial appliances, preparation and workspace areas to service a catering operation of this size.

Throughout the hotel there is also a large amount of office, storage and back of house space.

There are 42 very well appointed and stylishly presented bedrooms in total, these include 40 double rooms with en suite bath/shower rooms and two suites. In addition there are two self contained apartments featuring a spacious lounge with contemporary styled fitted kitchen, a large, tiled shower room and either one or two double bedrooms.

On the top floor there is a generous three bedroom manager's/owner's flat which can be used as letting accommodation if required.

The Gibside Hotel has been owned by our clients for over 30 years and in that time has been operated as a family run hotel which has provided our clients with an excellent standard of living.

The property was built in the 1980's in a modern, contemporary style, which was later developed by our clients, who have centrally invested in the fabric of the building, adding a further 30 bedroom, three storey extension.

Trade is derived from commercial and tourism visitors into the region, as well as weddings, functions and parties, and the bar/bistro attracts customers from early morning to late evening.

Online reviews are very good with 8.2 from Booking.com and a 4 star TripAdvisor rating.

Accounts to the end of March 2023 show a turnover of £1.32m and an adjusted net profit of £123,000 allowing for addbacks for directors costs, directors wages, VAT surcharge and depreciation.

Trade splits are as follows:
Accommodation 40%
Food 30%
Bar sales 30%

Confirmation of business rates payable should be obtained from the Local Authority.

Premises licence.