Cumbria - Wet-led Village Pub

The town of Aspatria, Cumbria, is located on the north side of the Ellen Valley. It enjoys panoramic country views with Skiddaw to the south and Solway Firth to the north. Aspatria is situated eight miles from Maryport and Wigton, and 20 miles from the historic city of Carlisle. The town is best known for its church of St. Kentigern which contains a number of ancient relics. It is also within easy reach of the Lake District National Park. Aspatria lies on the A596, the main road from Carlisle to Maryport which also links to the A66 and the M6 motorway. The town has an excellent public transport system and is served by Aspatria station.

The Red Lion trades as a wet-led community pub which serves the local population and residents of the surrounding villages. It also benefits from passing tourist trade during the spring and summer months. Our client has operated the business since 2020 and since that date, the property has seen much investment.

The Red Lion has its own ladies' darts team, offers live music events and hosts a weekly book club. There is potential to generate additional income by converting the barn into a self-contained mezzanine apartment (STPP) which would, in our opinion, generate a great deal of interest as a short-term holiday let.

We are advised net sales are in the region of £85,000 per annum with full trading accounts available upon request.

FREEHOLD £225,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

VAT will apply on the sale of this property. It will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.

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

Viewing strictly by appointment only.