Established four star Northumberland coaching inn comes to the market
The Pheasant Inn, an AA rated 4 Star Northumberland coaching inn in Stannersburn, Hexham, has been brought to the market through specialist business property adviser, Christie & Co.
Located in the heart of the Northumberland National Park, the country inn comprises a traditional pub and restaurant, featuring exposed stone walls and oak beams with seating for up to 70 guests, and eight well presented en suite letting rooms. Externally, there is a lawned courtyard adjacent to the bedrooms and a small private garden, as well as ample car parking on site and on the main road.
Additionally, a two double bedroom apartment with a master en suite, family bathroom, lounge and office on the first floor provides owner’s accommodation, ideal for an owner operator.
Ideally situated, the inn is well placed to cater to the high number of visitors to the area throughout the year, drawn to the historical and leisure attractions. The Northumberland National Park draws an estimated 1.5 million visitors each year and is also the world’s fourth largest and Europe’s largest protected Dark Sky Park. The inn sits adjacent to Kielder Water and Forest Park, which features the largest man made lake in Northern Europe and offers a wide range of activities, including boating, water sports, cycling, walking and star gazing. Hadrian’s Wall is also located nearby, which was named a UNESCO World Heritage Site in 1987 and attracts over 250,000 visitors each year.
The Kershaw family have owned and operated the inn for 33 years and have decided to sell the business in order to retire. Robin Kershaw comments, “We have a lovely life here. We have a great team in place, we live in stunning surroundings and we have met some wonderful guests from all over the world, many of whom have been back to see us on numerous occasions. Since we bought the Pheasant, back in the mid 1980s, we have seen a massive upturn in visitor numbers, driven by the growing popularity of Hadrian’s Wall, Kielder and the Dark Sky Park. This is a year round destination and visitor numbers look set to increase substantially over the coming years.”
Mark Worley, Director at Christie & Co is handling the sale and comments, “The Pheasant would be a wonderful lifestyle purchase for any prospective buyer. Not only does it offer a great way of life, it also provides excellent profits and more importantly, the Dark Sky Park provides excellent winter trade, which is a huge boost for any leisure operator.”
Christie & Co is seeking an asking price of £900,000 for the freehold interest.
