Northumberland pub with glorious views towards Hadrian's Wall put up for sale
A Northumberland pub with views towards Hadrian’s Wall has been put up for sale.
The Milecastle Inn, near Haltwhistle, is on the market with an asking price of £395,000 which also includes two self-contained holiday cottages,
The pub enjoys a prominent roadside position on the B6318 and famously overlooks the world heritage listed Hadrian’s Wall built by the Roman army as a defensive barrier around AD 122.
It has been owned by Kevin and Clare Hind who built up a reputation for serving home-cooked fayre and fine real ales over the past 17 years.
They said: “We have thoroughly enjoyed our time at The Milecastle, and it has afforded us a fantastic way of life for nearly two decades.
"The pub has only had three owners in the past 60 years, including ourselves.
"It’s a beautiful place to live – you’re in the countryside but within 45 minutes’ drive of Newcastle and can get to Carlisle in half an hour.
"We’ve got some very loyal local customers that we’ll miss when we leave and the tourist trade during the peak months of Easter to October is excellent.
"We’re both of retirement age now and we’re looking to wind down.”
The cottages, located just behind the pub, features a loungeroom with kitchenette, double bedroom and ensuite bathroom.
With a well-presented three-bedroom owners flat also onsite, the Milecastle Inn presents an excellent opportunity for an owner-operator looking to make a lifestyle investment.
Alternatively, an experienced operator looking to expand their portfolio could look to grow the current offering, by introducing further letting rooms and looking to run the pub as a managed house.
David Cash, associate director at Christie & Co, which is handling the sale, said: “We have seen an increased demand from buyers for this type of business, which benefits from the security of multiple income streams.
"The letting accommodation and being in a tourist setting is crucial to its success.
"Northumberland has caught the attention of lots of hospitality buyers in recent months, particularly those looking to draw upon the suspected influx of staycation visitors in 2021 and beyond and we have completed on a number of deals within the area as a result.”