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Alston House Hotel, Townfoot, Alston, CA9 3RN

£625,000

Business rates & charges may apply

Christie & Co, Hotels
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SECTOR

Hotel for sale

Key features

  • Prime position in town of Alston, Cumbria
  • Turnover c. £435,000, ANP c. £158,000
  • 9 en suite bedrooms, bar & restaurant
  • One bedroom owner's apartment
  • Set within North Pennines National Landscape
  • Near Lake District National Park. Energy Rating D
  • Christie & Co Ref: 6445144

Description

Description

Occupying a prominent position on the main road into the town from Penrith, Alston House Hotel is a well regarded hotel, bar and restaurant within the market town. Previously known as the Hillcrest Hotel, it was renamed Alston house in 2003. The current owners acquired Alston House Hotel in 2006 and under their ownership have made significant improvements over the years.

There are a total of nine en suite letting bedrooms as well as a modern, very comfortable owner's accommodation situated on the top floor. Every bedroom has been upgraded and the en suites replaced.

Importantly, the owners have also improved the infrastructure with a new central heating boiler and improved ‘zoned’ heating controls for maximum efficiency.

Location

Alston, the highest market town in England, is a delightful and picturesque setting in an area of outstanding natural beauty. The towns old stone buildings, it’s cobbled streets, narrow roads and secret passageways attract many tourists to this corner of Cumbria an annual basis and it is a great stopping point for walkers on the Pennine Way, or cyclists on the C2C route and the drive from Penrith is one of the most spectacular in the country.

Internal Details

Alston House hotel is approached by steps up from the road, leading to a vestibule and generous reception hall with original features including fireplace with gas fire and hammered copper surround.

To the left is the breakfast room seating circa 20 with opening through to residents seating/lounge area, with seating a further 25. There is an L-shaped servery and has this area has its own entrance. There is a beauty room off of this room which is currently occupied by a local hairdresser.

To the right of the reception hall are the bar and restaurant seating approximately 100. It offers various seating areas, formal dining and large screen TV area for sport. Stairs lead to all floors including the cellar accessed via the reception hall.

Ancillary areas include: Spacious catering kitchen with non-slip floor, fridge room and walk-in fridge, store room, dry goods room, pot wash, laundry room, office and beer cellar.

Fixtures & Fittings

Fixtures and fittings are included with the exception of items that are personal to our client.

Letting Accommodation

All bedrooms are located on the first and second floors, with nine lettings bedrooms overall (five doubles, one twin and three family rooms). All have en suites, either a bath and/or shower, and the usual TV and tea and coffee making facilities.

External Details

There is an area of parking immediately to the front of the hotel with a larger car park on the other side of the main road. The gardens are extensive and attractive with a newly created outside dining area.

Owner's Accommodation

Situated on the on the top floor and accessed via the main stairs is the owner's apartment, offering kitchen, living room and one bedroom with en suite.

The Opportunity

Having enjoyed the many years at Alston House hotel, the owners are now looking forward to a well earned retirement which leaves an opportunity for new owners to come in and place their own stamp on the business.

There are a number of areas of potential growth including:
• Further dining during the week
• Weddings (may involve some light configuration internally)
• Reintroduction of separate cafe
• Further potential for expansion of accommodation, subject to obtaining planning consent

Trading Information

Turnover year ending 2023 £435,491
Turnover year ending 2022 £485,242

Adjusted Net Profits allowing for owners personal expenses: Year Ending 2023 £158,633.

Further trading information will be made available to seriously interested parties.

Business Rates

Confirmation of business rates payable should be obtained from the local authority.

Regulatory

Premises licence.

Energy Performance Certificates

EPC 1

Brochures

Alston House Hotel, Townfoot, Alston, CA9 3RN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haltwhistle Station10.9 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6445144-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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