Foundry 34, 34 Burrowgate, Penrith, Cumbria, CA11 7TA
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Hotel for sale
Key features
- High quality hotel - 4.5/5 Tripadvisor
- 10 air con. letting rooms plus bar,restaurant
- Quality fish & chip takeaway - separate entry
- Gateway to the Lake District
- Freehold - good profitability
- Family run business - retirement sale. Energy Rating D
- Christie & Co Ref: 5244992
Description
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.
The OpportunityOur 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 InformationTrading 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.
TenureFreehold
Business RatesRateable Value £19,750, effective date 14th June 2021.
Energy Performance Certificates
EPC 1Brochures
Foundry 34, 34 Burrowgate, Penrith, Cumbria, CA11 7TA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Penrith Station0.3 miles
- Langwathby Station4.1 miles
Notes
Disclaimer - Property reference 5244992-fh. 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 Christie & Co, Hotels. 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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