The North is a diverse area of the country, housing a range of different rural and urban environments, including idyllic towns and villages, the beautiful beaches of Northumberland, North Yorkshire Moors National Park and the busy university cities such as Newcastle, Durham and Leeds.
The region is well known for its extensive range of leisure and hospitality venues, from quaint side street corner pubs to large city venues, rural country pubs with roaring fires to country house hotels - the North East will be sure to offer one to tick all the boxes.
The area is bursting with potential custom due to the plentiful amount of tourist attractions the area has to offer.
Sidney Phillips have seen an uptake in operators coming to the area, migrating away from the busy city hubs in favour of a new business and more relaxed change of lifestyle. The region is also popular with multinational operators looking to expand their portfolios.
At present demand is strongest for free-of-tie leasehold and freehold premises, with buyers keen to take advantage of lower purchasing costs in order to increase bottom line profitability.