The building of a County Durham pub with a four-star TripAdvisor rating has been put up for sale for £625,000.
The Red Well Inn, situated on Harmire Road in Barnard Castle, is being marketed by estate agents Savills.
The property includes the ground, first, and attic floors of a two-storey semi-detached building, as well as a single-storey bungalow to the rear.
The ground floor of the Red Well Inn features an open-plan trading area with a central bar and seating for 60 customers.
Other facilities on the ground floor include customer WCs, a trade kitchen, and a cellar.
The first floor houses eight ensuite letting rooms, comprising five doubles, two twins, and one single.
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Externally, the property boasts a detached barn conversion that serves as a three-bedroom staff bungalow, complete with a lounge, kitchen, and bathroom.
There is also a beer garden with seating for 75 people and parking space for 30 vehicles.
The entire property is currently let to Buckley Taverns Limited on a 20-year lease from March 2022, at a current rent of £49,565 per annum.
This is subject to five-yearly open market reviews and annual uncapped RPI increases.
A rent deposit of £11,861 is held by the landlord.
The pub is located in a commercial area, fronting the B6278 and close to its junction with the A67.
Nearby landmarks include Red Well Caravan Park, the offices of GlaxoSmithKline, and Barnard Castle Golf Course.
Savills has stated that the property is not listed or located within a conservation area.
They also noted that it is expected the property will be sold as a Transfer of a Going Concern (TOGC), meaning the transaction should be exempt from VAT provided the purchasing entity is VAT registered.
The fixtures and fittings of the Red Well Inn are currently owned by the occupational tenant.
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