Sun, 17 Mar 2019 | BUSINESS SALE
The Lambton Worm and The New Plough pubs in County Durham have been put up for sale by leisure group Tavistock.
The decision to sell the pubs has been triggered by the company’s strategy to focus on its brewery operation and gin distillery business.
The brewing business S43 is gaining favour amongst beer connoisseurs as it expands from its traditional cask ale range to new American craft brews.
Its Poetic License Distillery has been similarly innovative in the gin market, launching several new distinctive gin flavours and brands over the past two years.
Tavistock Managing Director said, "Having decided on a shift in strategy, we are looking to reduce the number of outlets we have in the portfolio. Whilst we are disposing of good, profitable properties, it will free up valuable management time and resources for the expansion of both our distilling and brewing operations."
The New Plough in Burnopfield is a modern freehold pub and 70-cover restaurant with open-plan trading areas, decorated in a rustic manner. It is being marketed at a price of £450,000 by Christie & Co. Burnopfield is about 10 miles from Newcastle upon Tyne and 15 miles from Durham.
The Lambton Worm in Chester-le-Street is a boutique hotel with 14 en-suite bedrooms. It has a separated restaurant area and a lounge bar with live music. The hotel and restaurant have combined seating for 140 covers. The hotel is for sale at £900,000 freehold.
Both pubs have been recently refurbished and are trading profitably.
Charming village pub nestled in the picturesque Cotswolds offers a unique opportunity for potential buyers looking to invest in a thriving hospitality venture.
FREEHOLD
Seize the opportunity to own an impressive country house hotel nestled in the picturesque surroundings of Perth, Scotland.
Discover an exceptional opportunity to own the Scafell Hotel, a delightful property nestled in the scenic surroundings of Keswick.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.