Home > Auctions > 31 May 2023 31 May 2023 - 9:00am > Lot 68

31 May 2023: Wednesday 31 May 2023 - 9:00am
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    Key features

    • To be sold on 31st May auction unless sold prior
    • A modern 4 star Hotel comprising of 9 en-suite rooms with associated restaurant and pub
    • Future development potential to expand existing accommodation or potentially convert back to a single or multiple dwellings (Subject to the requisite consents)
    • Panoramic views overlooking the surrounding landscape
    • Situated on an approx. 1.6 acres within the Lake District National Park
    • Asset management opportunities in letting out the premise in its existing use
    • Currently trading as a BB/Air Bnb Holiday let business which offers the new purchaser the opportunity to continue trading in its current format
    • We believe that the current rooms are achieving between £115 to £195 per a night dependant on room and season (purchaser to do their own due diligence)
    • We have been advised that BnB was running at 72% occupancy rate for 2022 (please refer to notes)
    • Future potential to purchase additional land (subject to separate negation with the vendor)

    Description

    The property is apart 3 storey situated over part Lower Ground, Ground and First floor. The property provides a pub, restaurant and 9 well-appointed guest bedrooms with en-suite bathrooms. There is an outside terrace located at the Ground floor level that services the Pub/Restaurant.

    The property has large garden stretching down to a river and onsite car parking for an approx. 20 cars.All the rooms have been renovated within the last three years to an exceptionally high standard, offering modern en-suite bedrooms, dinning area, lounge and commercial kitchen. All of the bedrooms offer tea and coffee making facilities, a TV and complimentary WiFi.

    The public space comprises of an informal and formal accommodation across the ground floor. There is a main bar with bar seating areas and more formal dining areas. Two sets of patio doors lead to an external terrace providing further covers which have fantastic views. Externally the immediate grounds comprise sloping fields and views across the countryside.

    Additional information

    Tenure

    Freehold

    Accommodation

    Lower Ground Floor - 3 Bedrooms with En-suites - externally accessed

    Ground Floor - Bar area, Dinning area, Lounge Area and Commercial Kitchen

    First Floor - 6 Bedrooms with En-suites


    Notes

    Please note the site areas provided are approximate. The photos are for illustrative purposes only. Prospective purchasers must rely upon their own enquiries in this regard.

    Please note that the photos were taken after the property was refurbished approximately 3 years ago.

    The Occupancy rate of 72% has been provided by the existing operator, this information has been provided in good faith, but can not be relied on. Any perspective purchaser MUST DO THERE OWN DUE DILIGENCE.


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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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        Local information

        The property is located on the A5074 which connects to the A591 in the north and A590 in the south; providing easy access to the wider road and motorway network including Junction 36 of the M6.

        Kendal Station is located an approx. 7 miles from the property.

        Transport

        Kendal Station services to Manchester Airport and Windermere

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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