Pub, Restaurant with Letting-Rooms in Penrith Cumbria
Price:
Leasehold - £29,950
Location:
Cumbria, Penrith
Business Type:
Food Service Businesses, Hotels, Pubs
Preferred Commercial is delighted to offer for sale this busy public house and restaurant with letting accommodation, which was established in 1695 and which has been in our clients' careful hands since 2005. The pub is only now offered to the market due to our clients' wish to retire. The business trades 7 days a week and generates a turnover in the region of £70,000 per annum. The Globe Inn offers real ales, fine wines, spirits, lunches, evening meals and functions. There are also 3 letting bedrooms to the first floor. We feel the turnover could be further increased by embarking on a modest marketing campaign and from the introduction of a website advertising the business and services provided. The pub is well-supported by the local community, enjoys much repeat trade and hosts several pool and darts teams. The property has been fitted to a high standard throughout, boasting a commercial kitchen and spacious lounge area. There is scope to expand the letting accommodation or restaurant into the unused barn, subject to planning permission. The property is owned by a local private landlord which means that the pub is free of tie to a brewery and the annual rent, we feel, is set at a very fair level. There is also 2-bedroom owners' accommodation to the first floor, which could be utilised as further letting accommodation. We have been advised that planning applications have been made for further residential development in the area, which should in turn increase the turnover. Early negotiations with Preferred Commercial must come highly recommended.
The Globe Inn occupies substantial detached 2-storey premises, ideally located in a prominent trading position in the heart of the rural Cumbrian village of Calthwaite. The business benefits from ample parking in the vicinity and is surrounded by residential properties, from which it draws much trade. The village's amenities are situated nearby including Calthwaite Church of England School. The pub boasts a monopoly trading position in the village. The world famous Lake District National Park is a short drive away. Calthwaite is surrounded by picturesque countryside and is popular with tourists, day trippers, walkers and cyclists. The village is situated just off the M6 motorway and boasts easy access to the A-road network. Penrith lies approximately 7 miles to the south, while Carlisle lies 13 miles to the north.
Original length: 9 years
Rent: £9,650 per annum
Mon:7pm-12am
Tues-Thurs:12pm-2pm and 4:30pm-12am
Fri-Sun:12pm-12am
Substantial 2-storey detached public house premises with 3-letting rooms and 2-bedroom owners' accommodation. Briefly comprising:
Ground Floor
• Entrance lobby.
• Bar area with feature fireplace, central timber bar servery with 10 points of dispense,
• Games room
• Ladies and gents WCs
• Commercial kitchen
• Storeroom
First Floor
• Room 1: double guest bedroom.
• Room 2: double guest bedroom.
• Room 3: single guest bedroom.
• Guest bathroom.
Living accommodation:
• Kitchen.
• Lounge.
• Laundry cupboard.
• Double bedroom.
• Twin bedroom.
• Bathroom.
Lower Ground Floor
• Chilled beer cellar
External
• Double garage
• Barn, • Garden
• Customer car park
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