Pub Restaurant With Letting Rooms In Penrith Cumbria For Sale

Business description

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.

Property information

Property:

Leasehold

Lease terms:

Original length: 9 years
Rent: £9,650 per annum

Leasehold rent:

£9,650 per annum

Location:

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.

Premises details:

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, menu boards, tables and chairs for up to 40, central timber bar servery with 10 points of dispense, games machine, TV and dart board
• Games room with tables and chairs for up to 30, pool table, jukebox and dance floor.
• Ladies and gents WCs with wash hand basins.
• Commercial kitchen with stainless steel work surfaces, double fryer, fryer, grill, sink unit, 3 x microwave ovens and a range of units.
• Storeroom with refrigerators and freezers.

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, could be converted into restaurant or further letting rooms
• Garden with picnic tables
• Customer car park

Business Operation

Trading hours:

Mon: 7:00pm to 12:00am
Tues - Thurs: 12:00pm to 2:00pm and 4:30pm to 12:00am
Fri - Sun: 12:00pm to 12:00am