This property presents a distinctive opportunity for those looking to invest in a well-established hospitality venue with significant renovation potential. Occupying a commanding position in the heart of Darlington, this Grade II listed building has been home to Number One Bar & Coffee House since 2016, known for its unique blend of daytime coffee culture and lively nighttime atmosphere.
The ground floor features a spacious bar and coffee house that caters comfortably to around 200 patrons, enhanced by an inviting interior design that combines reclaimed bricks with modern touches. The establishment has become a fixture in the local hospitality scene, generating consistent revenue streams.
Above the bustling bar, the upper floors have received full planning permission for the development of seven residential apartments. This aspect alone offers considerable investment upside, enabling new ownership to capitalize on growing demand for residential units in an area experiencing significant regeneration. The total site encompasses approximately 0.088 acres, offering ample opportunity for both operational business and real estate development.
Located strategically in Darlington town centre, this property benefits from excellent transport links, including direct rail services connecting to key cities such as London and Edinburgh. The surrounding area is undergoing ongoing revitalization, which further enhances its long-term investment appeal as more residential developments are introduced.
Additionally, the freehold nature of this asset allows for multiple avenues of income generation—whether through the existing hospitality operation or future residential leases. The established trading hours currently operate on reduced service days; however, there is potential for expansion into additional revenue streams, like introducing a restaurant element to attract a broader clientele.
With strong local recognition and an engaged management team already in place to oversee operations effectively without constant oversight from owners, this property stands ready for new ventures while promising exciting transformation possibilities amid Darlington's evolving landscape.
