7 bedroom pub for saleThe Old Posting House, Deanscales, Cockermouth, CA13 0SL
Offers in Region of £485,000
- Use class orders: A4 Drinking Establishments
Full descriptionThe Old Posting House at Deanscales occupies a superb trading position just outside the village on the main A5086 Cockermouth to Egremont road. The main part of the property dates back almost 400 years and has over the years been extended and refurbished and particularly by the present owner. It has a lovely open plan bar and dining area to the ground floor with a wealth of exposed beams and open fires. This is complemented by a well-fitted catering kitchen. To this, has only recently been added seven high quality en suite letting bedrooms and the whole property has the advantage of its own gardens and plenty of parking.
Just under four miles from the lovely Cumbria market town of Cockermouth, The Old Posting House occupies a main road position on the outskirts of the village and is particularly well placed to attract significant trade over a wide geographic area. Indeed its letting bedrooms attract not only significant leisure trade, but also commercial trade from Sellafield and the wide Cumbrian coastal commercial area. With its first rate location, the pub enjoys a busy food-based trade from locals and visitors alike.
The Old Posting House was acquired by the present owner in 2006 and he immediately instructed an architect to formulate plans to add letting bedrooms to this lovely historic property. These bedrooms were added over the next few years as well as a comprehensive upgrade of the pub itself. Hand in hand with these improvements has seen turnover and profitability increase, although the owner has not chosen to push trade beyond its present level. However, there is significant further potential by increasing the marketing of the letting bedrooms. Having enjoyed his years at The Old Posting House, the owner is now looking to retire from the hospitality industry.
Of traditional local design, the property has rendered walls and slate roof with accommodation laid out on ground and first floors.
Entrance hall gives access to bar and restaurant (to seat 28) with feature stone work and beamed ceiling as well as fitted seating. Lower restaurant, again with beamed ceiling and feature 1845 mailboxes which were used when The Old Posting House was on the Glasgow to Whitehaven service. Inner hall. Residents TV lounge.
7 letting bedrooms to sleep 15 (6 double rooms and 1 family room).
All have en suite shower room as well as fitted wardrobes, central heating radiator, flat screen TV, radio/clock alarm and tea and coffee making facilities.
The Old Posting House has the advantage of separate and spacious, self-contained accommodation for owners, comprising of hallway, lounge with feature fireplace, kitchen with a range of fitted units and fluorescent lighting, two double bedrooms one having fitted furniture and luxury bathroom with double shower, wash hand basin and WC.
Well-equipped catering kitchen as well as separate preparation kitchen. Bottle and beer cellars and separate dry goods store. Outside there is a separate potato store and rumbling room.
Garden and car park to the side. Substantial car park to the other side of the road.
Allerdale Borough Council at Workington (01900) 326333.
Mains water, drainage and electricity. LPG central heating.
Certified accounts from the owner's Chartered Accountants in the form of a Trading and Profit and Loss Account show trading profits (before finance costs and depreciation) of £34,267 for the year ended 31 August 2015 and (net) turnover of £189,657.
Please note that the above profit figure includes only one owner working within the business. Should a couple purchase the business, it would be anticipated that staff savings would enhance the trading profit to approximately £50,000.
Offers around £485,000 are invited for the freehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.
Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.
Energy Performance Certificates (EPCs)
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