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Pub for sale
The Herdwick Inn, Penruddock, PENRITH, Cumbria
EDGE OF LAKES COUNTRY INN
Thriving country inn situated on the northern fringe of the Lake District National Park just off A66. Includes 60 cover restaurant, 5 en suite letting bedrooms and owners flat. Seating area to the rear with car parking spaces and main car park.
Lease for Sale
The Herdwick Inn lies in the village of Penruddock, just off the A66 about 6 miles west of Penrith and just inside the northern boundary of the Lake District National Park. A number of caravanning and camping sites and self catering holiday properties lie within the vicinity and Ullswater is within a 4 mile drive.
The Herdwick Inn is a traditional and charming village inn with a popular 60 cover restaurant and 5 letting bedrooms attracting visitors to the Lake District as well as being a food destination pub to a wide area with a fine reputation. It is open 12 noon to 2.30pm and 5.30pm to 11.00pm Monday to Friday, 12 noon to 11.00pm Saturday and Sunday operates with 2 full time staff and 9 part time. Turnover for the year ended 31st March 2012 was £246,385 net of VAT. Full accounts will be made available to bona fide applicants, normally after viewing.
DESCRIPTION & ACCOMMODATION
The 18th century property is built in traditional local stone with pitched tiled roofs, having been extended over the years, with parking areas to the front and rear.
with front entrance, seating for around 30, area, darts board, fireplace with wood burning stove and bar servery;
with bar servery;
with around 60 covers in ground floor and open galleried area;
REAR ENTRANCE HALL
with store cupboard, glass panelled doors to rear car park, beer garden & paddock;
LADIES AND GENTS TOILETS
large fully equipped kitchen area;
GROUND FLOOR BEER AND BOTTLE CELLAR
LETTING BEDROOM 1
single with en suite shower room;
LETTING BEDROOM 2
double with en suite shower room;
LETTING BEDROOM 3
twin with en suite shower room;
LETTING BEDROOM 4
double/twin with en suite shower room;
LETTING BEDROOM 5
double with en suite shower room;
Includes; 2 DOUBLE BEDROOMS, BATHROOM and OFFICE / UTILITY ROOM.
Car Park to the front & car park, beer garden and paddock to the rear.
All references to areas and dimensions are deemed to be approximate.
Description in list: Public House & Premises
Rateable Value: £22,500
Rates Payable (12/13): £10,488.83
Council Tax: Band B
The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.
We are advised that mains water, electricity, LPG gas and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.
FIXTURES & FITTINGS
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.
The property is held from Marstons plc on a 10 year full repairing lease from 13 September 2004 a current rent of £35,701 per annum. The tenant has statutory renewal rights under the Landlord and Tenant Act 1954.
Note that these are the main extracts from the lease as a guide only and a purchaser/ tenant must satisfy himself of all provisions by inspecting a copy of the lease.
A prospective purchaser/ ingoing tenant will need to be approved by the landlord before the lease can be assigned and will need to complete the landlordís application form and a business plan, have a personal licence in place and be interviewed by the regional manager before approval is considered.
ĎYou should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk. Ď
The purchaser/ ingoing tenant will be expected to pay the landlordís and lessees reasonable legal costs in connection with the assignment of the lease. Each party will bear itís own costs in connection with the transfer of the business.
VAT & STAMP DUTY
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.
Strictly by appointment with the sole agents, PF&K Commercial. Tel. 01768 862135. Fax 01768 892101. E-mail. firstname.lastname@example.org Date 02/10/12 Reference C1691