Specialist business property adviser, Christie & Co has brought to the market The Norden Arms, a highly regarded gastropub situated within an affluent area of Rochdale, Greater Manchester.
Occupying a traditional end terrace property in a prominent location on the A680, a short distance from Rochdale Golf Course, the venue has undergone significant improvements creating a bright, vibrant trading space set across two floors. The gastropub comprises a 48 cover lounge bar with a wooden bar and a feature stone fireplace, a light and airy split-level restaurant accommodating 68 covers with windows facing onto the outside seating area which offers ‘al fresco’ dining for 40 covers. Additionally, there is a first floor mezzanine restaurant with capacity for 85 covers and a fully fitted open kitchen and serving area.
In a highly accessible location, The Norden Arms captures both passing trade from the A road and adjoining motorway and local trade in the Rochdale and wider Manchester community. Providing a high quality food and drink offering, the gastropub is highly regarded and has built up a strong reputation following its modern refurbishment.
Edward Smethurst has owned the freehold of the business for seven years and has decided to sell to focus on his other business interests, as the current tenant is moving on to a new venture. Edward comments, “The sale of The Norden Arms includes everything a new operator will need to hit the ground running. Having undergone a complete renovation in 2012 and a significant extension in 2016, it is now a superb venue with an ideal position in a rapidly expanding and upmarket area.”
Keith Stringer, Director of Christie & Co’s Manchester office, who is handling the sale, comments, “The Norden Arms represents a fantastic turnkey opportunity for either a new entrant or an existing operator within the hospitality sector. The business is excellently located and has cultivated a fantastic reputation amongst the local community. Additionally, it currently trades with strong turnover giving potential purchasers a great platform to drive forward both revenue and profits.”
Christie & Co is offering The Norden Arms for sale on a freehold basis, off an asking price of £750,000. The current freeholder will also consider free-of-tie leasehold options, with an option to purchase.