Alston House Hotel, Townfoot, Alston, CA9 3RN

£575,000

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Hotel

No floor / site plan

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 nr Lake District
  • Turnkey operation. Energy Rating C
  • Christie & Co Ref: 6445144

Description

Description

Alston House is a fully operational boutique hospitality business located in the historic market town of Alston, Cumbria. The property comprises nine ensuite letting bedrooms, an established restaurant and café, and a private one-bedroom owner’s flat. Offered as a freehold going concern, the business provides a turnkey lifestyle and income opportunity in a resilient UK tourism region.

Occupying a prominent position on the main road into the town from Penrith, Alston House, a detached freehold Georgian property with heritage and character, is a popular boutique hotel with bar and restaurant in the heart of the market town of Alston, positioned between the Lake District National Park and the North Pennines.

There is a total of nine welcoming ensuite bedrooms, in addition to modern and comfortable owners’ accommodation. The business has a very strong trading performance and the property is in a very good condition and has been maintained to a very high standard by the existing owners.

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

• Generous reception hall with original feature fireplace
• Breakfast Room/Café (20 covers) with additional separate entrance
• Lounge area (seating for 25)
• Bar and Restaurant (100 covers) with access to the garden and patio

Ancillary areas include:
• Spacious catering kitchen with walk-in fridge and freezer
• Storeroom and dry room
• Still Room/Pot Wash
• Laundry room
• Office
• Beer cellar

Fixtures & Fittings

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

Letting Accommodation

Located on the first and second floors. Nine individually decorated, boutique, ensuite bedrooms all with TV and tea/coffee facilities:

• Five double rooms
• One twin room
• Three family rooms

External Details

• Private parking to front of hotel
• Private car park (across the road)
• Lawned garden
• Patio / outdoor dining area

Owner's Accommodation

• Top floor apartment
• Living room
• Kitchen
• One bedroom with ensuite

The Opportunity

Having enjoyed many years at Alston House, the current owners are now looking to retire which offers a great opportunity for a new owner to acquire a popular and well established business.

• Well established trade
• Prominent trading position
• Great location popular with walkers and cyclists
• Year-round trade
• Freehold property with operational income
• Turnkey operation - already fully operational
• Strong owner/operator income with easily managed operations
• Well maintained property

There is also the opportunity to further develop trading:

• Extend opening hours to seven days a week
• Increase weddings and functions
• Re-introduce café/coffee shop
• Extend accommodation (subject to planning consents)

Trading Information

Turnover year ending 2024 £401,792
Turnover year ending 2023 £435,491

Adjusted Net Profits allowing for owners personal expenses: Year Ending 2024 £123,315.

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.

Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
Yes
Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Alston House Hotel, Townfoot, Alston, CA9 3RN

NEAREST STATIONS

National Rail

Haltwhistle Station

10.86 miles

About Christie Owen & Davies Ltd, Hotels

Christie Owen & Davies Ltd, Hotels

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

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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 Owen & Davies Ltd, 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.