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Canonbie, Dumfriesshire, DG14

Offers in Excess of
£375,000

Business rates & charges may apply

Sidney Phillips Limited, Northern
SIZE

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SECTOR

Pub for sale

Key features

  • 17th century, 10 bedroom detached hotel
  • Public bar (24), lounge (40) and restaurant (60)
  • Post Office/self-contained shop unit
  • Dedicated private accommodation
  • Large car park (24) and front patio (24)
  • Successful business - net profits £100,000+
  • SELLER REF 91925

Description

Canonbie ('Canonbaidh' in Scottish Gaelic) is a small village in Dumfriesshire. Located in the southeastern reaches of Dumfries and Galloway, it is located 9 miles northeast of Gretna Green, 6 miles south of Langholm and 2 miles north of the Anglo-Scottish border. Canonbie is adjacent to the A7 road which runs from Carlisle to Edinburgh and provides easy access to the Scottish Borders, Cumbria and Northumbria.

One of Scotland's oldest coaching inns, The Cross Keys Hotel is a traditionally built, two-storey, detached stone building which dates back to the 17th century. Sitting at the head of the village on the River Esk, this impressive building lies within a conservation area, however it is not a listed building.

The Cross Keys Hotel has been operated by our clients since 2013 and they now wish to offer the property to the market in order to retire. Since purchasing the property, our clients have carried out an extensive refurbishment programme which has retained the period character and charm of this traditional coaching inn. The works included the refurbishment of all en suite bedrooms and the upgrade of the business's public areas.

The Hotel is operated solely by our clients as a lifestyle business. If a new operator were to extend its opening hours, increase staffing numbers and reinvigorate the business as a destination venue, we believe it could become even more lucrative. The premises is only a few miles from Gretna Green so marketing the business to wedding guests and using the venue for private hire could see an increase in income.

It is our understanding that the year end turnover for March 2022 stands at £214,355, resulting in net profit of £103,939. Further accounting detail will be made available to serious parties following a formal viewing.

FREEHOLD Offers Over £375,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.

No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

Canonbie, Dumfriesshire, DG14

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Gretna Green Station6.8 miles

About Sidney Phillips Limited, Northern

Northern

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

Notes

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Disclaimer - Property reference 91925. 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 Sidney Phillips Limited, Northern. 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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