The Blacksmiths Arms near Newton Aycliffe is up for sale Freehold at £425,000. A detached property this popular eating place is situated within a 5.1 acre site, incorporating a good size car park and spacious rear enclosed lawned beer garden with flagged patio. Rear outbuilding incorporating boiler house and private lawned gardens and adjoining fields which extend to 3.6 acres.
Trading accounts for the year to 31st March 2014 show Profits of £86,021 (before internal rent, directors salaries and depreciation) against sales of £297,390 net of VAT.
Sales for the year to 31st March 2015 are expected to show a minimum of £300,000 net of VAT.
A particularly valuable feature of the property is the spacious and self contained private accommodation.comprising 2 flats. The property benefits from mains electricity and water with private drainage and LP-gas for cooking. Oil-fired central heating.
