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The Strickland Arms, Great Strickland, Penrith, CA10 3DF

£95,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
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SECTOR

Pub for sale

Key features

  • Free of tie and well established
  • Popular with tourists and local community
  • 2 bedroom owner's flat
  • Bar, restaurant, lounge and pool room
  • 5 LogYurts and LogHuts
  • EPC Rating C Fully Licensed
  • Christie & Co Ref: 6450570

Description

Description

Built in 1820, the Strickland Arms was originally a working farm. Set in the heart of a village community, this free of tie pub is now a popular destination for both locals and tourists.

Recognised as a popular cycle stop along the C2C route, the pub provides accommodation to walkers doing the Wainwrights c2c as well as to cyclists doing the Cycling C2C. The pub pays tribute to Sir Bradley Wiggins' Tour de France win in 2012, aptly naming it "Wiggo's Barn."

The stone built property is set on a large site and consists of a bar, 50 cover restaurant areas, beer terrace, games room, two en-suite B&B rooms above the pub, as well as well presented external accommodation offerings.

The tenants have been in occupation for over 19 years and have managed to develop the pub from a small village drinking pub, to a bustling family-friendly hub offering great food, drinks and seven unique accommodation options.

For more information see

Location

The Strickland Arms is located in the village of Great Strickland, nr Penrith, Cumbria. Nestled in the Eden Valley between the Cumbrian mountains in the west and the Pennines in the east and only five miles south-east of Penrith, it is easily accessible from the M6 and A6.

On the doorstop of The Lake District and close to Ullswater, Wordsworth’s favourite lake, The Strickland Arms is a popular destination for those visiting the area. Nearby Lowther Castle is another popular a family attraction.

Internal Details

The Strickland Arms comprised of a two storey stone building. Traditionally decorated throughout with 2 multi fuel wood burners, carpeted throughout bar dining areas and exposed beams, the pub is maintained well throughout.

The trade areas are arranged over various ground floor spaces with central bar servery. The bar area has tables and chairs with seating for c.30 customers. The restaurant/dining area to the rear of the pub can accommodate c.24 customers.

To the left of the entrance is a pool/games room displaying cycle/sports memorabilia.

Ancillary areas include: commercial grade kitchen, customer toilets, cellar access, storage facilities and access to rear carpark and beer terrace to the front.

Fixtures & Fittings

We are advised that the majority of fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

Letting Accommodation

The Pub Rooms:
The pubs original accommodation comprises of two spacious but cosy en-suite rooms above the pub, named Leith & Lyvennet after rivers in the local area.
LogYurts:
Sleeps 2-4 people with en-suite facilities. Spacious, with views out over the fields behind the pub.
The LogByre's:
Hand-built and decorated by the current owners. One was converted from an original cow byre that has been standing as long as the pub (since 1820!). Each room has a different theme, but all offer the same amount of comfort, warmth and en-suite facilities. Accommodates groups of 2-4 people.
Shepherd's Hut:
Sleeps 1-2, en-suite facilities.
James Patrick Lodge:
Sleeps 2-4, en-suite facilities. The newest, accommodation, completed May 2023. The JP Lodge offers fantastic views of the surrounding fields, tucked away at the rear of the pub grounds. Perfect for groups wanting a little more space and privacy.

The Yurts and Huts hand built and decorated by the current owners who built and converted them from an original cow byre that has been standing as long as the pub. All the log cabins are insulated with ‘Therma Fleece’ for all year-round use and are energy efficient (Therma Fleece keeps the cabins warm in the winter and cool in the summer).
*Please note note the yurts, huts etc are all owned by the existing tenant and are protected by a ‘side-letter’ to the lease and are not owned by the landlord.

External Details

Externally the property benefits from storage facilities and large car park.

Owner's Accommodation

Owner’s accommodation comprises of a two bedroom flat.

The Opportunity

The Strickland Arms presents an excellent opportunity for an existing operator to add a free of tie leasehold business to their current portfolio.

Located in the sought after village of Great Strickland, The Strickland Arms has been part of the village community for over 200 years and is well supported by locals and visitors to the area.

Staff

The pub is currently in the hands of an owner-operator who is supported by a complement of full and part-time staff.

Staff hours and rates of pay can be provided to seriously interested parties, on application.

Trading Information

We are advised that turnover for the year ended 31 March 2023 was c.£230,000.

Further details by way of Accounts will be provided to seriously interested parties on application.

Trading Hours

Monday to Sunday
5.00pm - 10.00pm

Tenure

We are advised that the business is held on a 10 year lease dated May 2021.

Next review is 27th May 2026 and every 5th anniversary.

Passing Rent is £22,150 plus VAT per annum on a free of tie basis.

Business Rates

The Rateable Value is £10,700 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the Local Authority.

Regulatory

Premises Licence

Brochures

The Strickland Arms, Great Strickland, Penrith, CA10 3DF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Penrith Station5.2 miles

About Christie & Co, Pubs & Restaurants

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.

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What makes us tick

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Notes

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Disclaimer - Property reference 6450570-lh. 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, Pubs & Restaurants. 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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