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The Angel of Corbridge, Main Street, Corbridge, NE45 5LA

£2,500,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • Iconic & popular pub/hotel/restaurant
  • 10 well appointed en suite rooms + apartment
  • Bar, restaurant & dining room (200)
  • 70 external dining covers, 18 parking spaces
  • Prominent location in affluent town
  • Scope to increase room numbers/development potential. Energy Rating E
  • Christie & Co Ref: 6445172

Description

Location

The Angel of Corbridge enjoys a prominent position in this beautifully picturesque and vibrant town, steeped in history, with its roots dating back to Roman times. Situated on Main Street, the prime thoroughfare into Corbridge and within 100m of the town square, The Angel is close to a variety of shops, cafes, artisan bakeries and boutique stores which all help to drive a very healthy visitor trade.

Regarded as one of the prime places to live in the north east, Corbridge sits on the River Tyne, on the crossroads of the A68 and A69, some 20 miles west of Newcastle upon Tyne. The equally desirable but larger town of Hexham is just a few miles away and within close proximity there are numerous other sought-after towns such as Ponteland, Wylam, Stocksfield and Haydon Bridge, as well as a multitude of villages of similar desirability such as Chollerford, Stamfordham and Matfen.

South West Northumberland enjoys an excellent tourist trade with attractions including Hadrian’s Wall, a UNESCO World Heritage Site, Kielder Water and Forest Park, Northumberland National Park and Dark Skies Park and also the stunning North Pennines Area of Outstanding Natural Beauty.

Corbridge is a great base from which to explore all of the above, whilst further afield is the breath-taking Northumberland coastline as well as glorious countryside and a host of castles and historic sites for which the county is famed.

Internal Details

The food and beverage areas at The Angel are substantial and provided across four very distinctive rooms, each tastefully and individually present and offering versatile trading space.

The main bar is an informal and welcoming room with table and upholstered bench seating for up to 64 customers and is serviced by an attractive bar providing ales, wines, spirits and teas and coffees.

Through from the bar is the lounge, a hugely charming period room with oak panelled walls, beams and a stone fireplace, and provides both dining and sofa seating for up to 25 guests.

In turn, this leads to the private dining room which is a stylish and contemporary room with table seating for up to 20.

All three rooms are situated across the front of the building providing not only a light and airy feel given the Angel’s southerly aspect but also a pleasant flow of footfall.
 
Then there is the Barn Restaurant towards the rear of the Angel. Although presently not in use, this huge and very useful space with pitched ceiling can host up to 80 diners or could provide conversion space for another six en suite bedrooms, or more if developed over two floors.

Catering & Ancillary Areas

As would be expected in a catering operation of this magnitude, the very recently fitted commercial kitchen is of excellent size and is very well equipped with cooking, cooling and washing facilities and is also well positioned to service the main eating areas. There is also a management office, linen storage and staff and customer toilets.

Letting Accommodation

There are 10 en suite bedrooms which are either cosy and sumptuous rooms, as part of the original building, or are more contemporary rooms which have been added in recent years.

All are beautifully appointed with either showers or bathrooms and nightly rooms rates range from £110 to £140.

In addition to these rooms there is an excellent two bedroom apartment with lounge/diner, bathroom and kitchenette and this is charged at £250 per night although this could also be used for very pleasant owner’s or manager’s accommodation if required.

External Details

To the front of the building is ample alfresco dining with seating for up to 70 customers and as this is southerly facing, it is hugely popular with customers during the warmer months and hence is a great source of income and an advantage over most of the Angel’s local competition.  To the rear is a large 18 space private car park which is a bonus given the parking restrictions throughout the town. It is also felt that should a new owner not wish to have the benefit of on site parking then this could also be converted to a rear beer garden or some other revenue generating project, including development and expansion of the building.

The Opportunity

Given the hugely desirable location and the widespread reputation of the business, the Angel of Corbridge is truly a trophy asset which will attract buyers from both within the hospitality sector and from local and regional high net worth individuals. We feel that it represents an excellent opportunity for a new owner operator to build on the already existing business and to expand and develop the building and trade levels. The buyer will inherit an established and experienced team of dedicated and professional staff and management, including a general manager.

Trading Information

Full trading information is available on request. As a guide, the turnover for both 2022 and 2023 was in excess of £1.4m for each year and trade splits are around 53% for dry, 30% wet and 17% accommodation.

Energy Performance Certificates

EPC 1

Brochures

The Angel of Corbridge, Main Street, Corbridge, NE45 5LA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Corbridge Station0.6 miles
  • Riding Mill Station2.5 miles
  • Hexham Station3.2 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Hotels

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Notes

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Disclaimer - Property reference 6445172-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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