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Cumbria - Historic Village Inn Located In Lakeland Countryside

£190,000

Business rates & charges may apply

Sidney Phillips Limited, Northern
SIZE

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SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments, C1 Hotels and Sui Generis

A4, C1, sui_generis_3

Key features

  • Lake District National Park
  • Historic Lakeland Village Inn with connection to Beatrix Potter
  • Main bar & lounge (22)
  • Restaurant (24)
  • 4 Individually styled letting rooms (can be partly reconfigured to form owner's accommodation)
  • Net turnover for YE February 2022 £430,000
  • SELLER REF 93874

Description

The Tower Bank Arms is found in the centre of the village, next door to Beatrix Potter's beloved Hill Top, with walks in all directions from the door. It is renowned for its charming simplicity. Our clients have operated the business for 17 years and have now decided it is time to sell and retire. The business trades as a public house with letting rooms and offers a bed and breakfast service to guests as well as a lunch and evening menu for the general public, offering home cooked and locally sourced food. There are many B&Bs and self-catering cottages nearby. The current owners have established the business with a very loyal customer base and enjoy much repeat business with both locals and visitors. They also welcome customers from all over the world. The letting rooms are all let via their own website ( with no booking agents and therefore no commission paid. There is scope for increased sales by extending the current food service and opening hours; at present, the operators close for approximately 34 days per year. This is a perfect and rare opportunity for a local multiple operator or a motivated individual or a couple to take on this thriving business. It is a Member of the Cumbria Tourist Board, has a 4* Inn rating with VisitEngland and is featured in The Good Beer Guide and The Good Pub Guide.

A full premises licence is held for the retail of alcohol 11:00 till 23:00 seven days a week.

Current opening hours:
Monday to Saturday 12.00 - 23:00
Sunday: 12.00 - 22.30

Oil fired central heating. Calor Gas cylinders for cooking. Mains water, electricity and drainage.

LEASEHOLD £190,000 to include goodwill and fixtures and fittings. Stock at valuation in addition. 

Tower Bank Arms is held on a 12 year National Trust lease which commenced on the 7th May 2015 on full repairing and insuring terms excluding roof and structural walls. Rent is £46,000 per annum plus VAT. Reviews every 4 years. Free of tie. The cost of the building insurance is paid by the Landlord and charged back to the tenant. The property is subject to the Landlord and Tenant Act 1954. Our client advises that The National Trust are happy to discuss extending the lease with the new proposed tenant.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Cumbria - Historic Village Inn Located In Lakeland Countryside

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Windermere Station3.3 miles

About Sidney Phillips Limited, Northern

Northern

Sidney Phillips Limited, Northern

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehol

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Notes

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Disclaimer - Property reference 93874. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sidney Phillips Limited, Northern. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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