Berwick hotel put on the market for nearly Â£900k
The Castle Hotel in Berwick, close to the town's railway station, has been put up for sale.
The freehold has been made available with an asking price of £895,000.
Owner Patricia Creiger instructed Mark Worley, director at Christie & Co’s Newcastle office to handle the sale.
Mark said: “Our clients have owned the hotel for many years and are looking to sell to pursue retirement. The business performs very well and is forecast to make profits of circa £170,000 this year.
“The demand for small to medium, privately owned Northumberland hotels is very strong, particularly on the coast or in tourist towns and destinations.
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“Over the last few years, Christie & Co have sold leisure and hospitality businesses in notable locations such as Warkworth, Rothbury, Alnwick, Otterburn and the stunning Holy Island, as well as in Berwick itself. We expect that this profitable hotel will generate interest from a wide range of operators in the not too distant future.”
The property benefits from 15 en-suite bedrooms, a 45 cover restaurant, lounge/bar area with capacity for 200 patrons, a private dining room, and a fully equipped commercial kitchen with various storage and utility rooms.
With two of the guest bedrooms separate from the rest, on the second floor, it has the potential to be converted into owners’ accommodation.
The Castle Hotel is well situated next to the railway station and opposite Berwick Castle, from which its name is derived. It is an excellent base from which to explore the multitude of tourist attractions and destinations including the Northumberland National Park, its stunning coastline, and the many castles and surrounding picturesque villages and towns.