Foundry 34, 34 Burrowgate, Penrith, Cumbria, CA11 7TA

High quality boutique hotel with 10 air conditioned letting rooms, bar and restaurant popular locally for live music nights as well as a popular adjoining take away fish & chip restaurant.

All bedrooms have been finished to a high standard with ensuite bathrooms - there are two single rooms and one family room.

There is a two bed managers flat on the third floor.

The historic and bustling market town of Penrith came to prominence in Roman times as an important junction for both north/south and east west traffic. This remains true today as it sits at the gateway to the Lake District with easy access both from the M6 (J40) and the east/west A66.

The town is a very popular tourist spot with a wide range of shops, restaurants and hotels/inns. Foundry 34 sits in a prime central location within the town centre and benefits from several public car parks within a short walk as well as the main Bus / coach depot.

Penrith is a cultural hub for the area and pre pandemic events such as the Mayday Carnival, Penrith Agricultural Show, The Winter Droving and Kendal Calling all add to the tourist appeal of the area.

All equipment owned outright and included within the sale.

Our client has used his construction expertise to develop and significantly extend the original building to create this high quality boutique finish hotel.

Potentially additional rooms could be created out of the managers accommodation and the breakfast room is the style of operation were different.

The hotel and chippie sit at the heart of the town and had developed a following for live music nights as well as the good food and excellent atmosphere. Our client now wishes to retire and there is the opportunity for a buyer to acquire an excellent all round leisure business already trading profitably in an established market town location at the gateway to one of the most popular tourist / leisure destinations in the UK.

The hotel and take away have had a stable staff base with all members being paid on an hourly basis. Further details will be provided following a formal viewing.

Trading accounts will be provided to interested parties after a formal viewing. Consolidated turnover for the hotel and chippie showed turnover of £561k and £595k respectively. Whilst the hotel was affected by Covid restrictions Sandgate Chippie traded well throughout as a takeaway / delivery operation.

Freehold

Rateable Value £19,750, effective date 14th June 2021.