Hexham pub comes to market for £600,000
It was acquired by Alan Philipson who saw an opportunity to buy it after a long career working for independent pubs and later Mitchell and Butlers
The Heart of Northumberland pub, located in the centre of Hexham in Northumberland, is up for sale for £595,000.
The pub reopened in 2015 following a major renovation and refurbishment after being closed for years.
The ground floor is subdivided into two main trade areas, the front bar seats 34 in a mixture of seating styles and beyond, the backroom which seats 28.
On the first level is a new function room, opened in December 2023, with its own bar servery currently set up for 32 seated covers.
It was acquired by Alan Philipson who saw an opportunity to buy it after a long career working for independent pubs and later Mitchell and Butlers.
Philipson said: “I’m very proud of what the team and I have created here at the Heart over the last 9 years. We have a superb reputation locally and we’re very well used by visitors coming to the area in this booming, tourist location. I now have a growing, young family I want to spend more time with and focus on some different projects and interests in the future.”
David Cash, regional director at Christie and Co, added: The Heart is a brilliant example of an independently run freehouse which holds itself to impeccable standards. Freehold opportunities like this in such strong trading locations rarely come to market and there is strong appetite from regional and national pub companies as well as local entrepreneurs looking to run pubs, so I suspect we’ll have early interest from a multitude of buyers.
“The freehold property is being sold along with the well-performing and profitable, going-concern business and so staff and customers should be reassured of the pubs future.”
