• Size:
    Undisclosed
  • Usage:
    A3, A4, C1
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Hotels
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

LANDMARK 18th CENTURY COACHING INN, RESTAURANT AND BAR SET IN THE LUNE VALLEY HAMLET OF CASTERTON CUMBRIA CLOSE M6 AND KIRBY LONSDALE

A WELL KNOWN INN WITH AN EXCELLENT REPUTATION OF GREAT CHARM AND CHARACTER OFFERED TO THE OPEN MARKET FOR THE 1ST TIME IN 8 YEARS AT A PRICE OF £540,000 FREEHOLD TO INC FIXTURES AND FITTINGS GODWILL PLUS S.A.V.
Turn over £439,739 inc vat averaged over 3 years sales split 81% Wet/Dry 19% Guest Lettings 64% GP – £100,000 achieved Net Profits
High standard individual guest bedrooms (11)
A spacious and welcoming beamed restaurant (60c).
Most lovely bar area (60+) again with many original features
A further seating area in the main entrance to the front of the property.
A large car parking area at the back of the property and outdoor seating on a grassed area over looked by the Fells.

PROPERTY DESCRIPTION

A large detached 18th Century Coaching Inn of Cumbrian Stone construction with many original features and a white washed facia. The property offers a large car parking area to the rear and outdoor seating in the gardens. There is a reception entrance to the rear for guests with access to the RESTAURANT (60c), BAR (60+) and guest bedrooms. The beamed rooms of the main bar in this most attractive traditional 18thC inn are neatly kept and has been attractively modernised in keeping with its style and heritage The front entrance brings you into the bar area with several seating areas and a small room that can be used for private parties. Beams and wood panelling, oak framed fireplaces and arches provide all the character and charm. The restaurant is light and large with a small cocktail area ideal for a cosy chat whilst waiting for your table. There is a large CATERING KITCHEN that has plenty of equipment and various areas for service.

GUEST LETTING ACCOMMODATION

The business boasts 11 guest letting bedrooms comprising of ten Doubles and one single of which one has a four poster bed and another with disabled access. All rooms are en-suite and tastefully decorated being accessed by way of two staircases and have amazing views over the undulating countryside.

OWNERS ACCOMMODATION

The new owners could create their own accommodation within the letting rooms and due to the layout, staircases and landings this would be easily achievable.

EXTERNALS

Parking is to the back of the property with wooden picnic style tables within the gardens. There is a paved courtyard to the front of the property.

PREMISES LICENSES

We are advised that the business currently opens 12-3pm and 6-11pm. Thereon traditional opening hours apply. The Premises license provides for the serving of staying guests. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses.

TENURE

We are instructed by our private clients to offer by way of totally freehold.

SERVICES

We are advised that the inn benefits from mains electric, water and gas. Business rates payable are £13,359 p.a.

THE BUSINESS

Our clients have owned the business for 8 years and have maintained the property to a very high standard attracting a regular nice quality customer base with a high degree of repeat business. Sales over the period 2007 to 2010 show an average of £439,739 inc vat. With a split of 81% Wet-Dry to 19% Guest Lettings with a resulting 64% GP. However due to personal reasons sales have slowed to circa £374,592 inc vat. Y/E 2008 saw a NET PROFIT of above £100,000 after personal expenses and adjustments. There is no reason that the historic profit levels can’t be restored with a new re-focused energetic owner. We believe that a substantial loan could be available for this property and business especially with experienced hands at the helm. Extra sales revenue could be achieved with opening hours that are currently not used.

LOCATION (LA6 2RX)
Located midway between the Capital City of England London and the Scottish capital of Edinburgh, Casterton is just 5 miles from junction 36 of the M6 and just a mile of the A65 Kendall to Leeds Road making this an ideal location for a relaxed “stop off”. The Pheasant Inn is in the heart of the village close to the church that was commissioned in 1833. Casterton also boasts a private girls school that attracts pupils from all over the world, 1 mile from the market town of Kirby Lonsdale in the Lune Valley, which has a superb 18 hole golf course. Surrounded by some of the most beautiful countryside in England, the Pheasant is popular with walkers, hikers, cyclists and tourists alike. An ideal base from which to tour the wilds of the Yorkshire Dales, the Glories of The Lake District and ancient woodlands of The Forest of Bowland. The village is twinned with Casterton, in the province of Victoria, Australia and attracts many visitors from the Southern Hemisphere along with the USA, Japan and domestic tourists who have traditionally favoured the locale as a place of natural beauty.