Allerdale Court Hotel For Sale

Business description

Offers Around: £975,000 Freehold

Well located Georgian hotel in bustling market town. 21 en suite bedrooms, lounges and 2 restaurants (40 & 60). Staff/owners' accommodation. Good profits from net t/o £522,988. situated in the old Market Place in the centre of this delightful Cumbrian market town. Built in the 1730s, the hotel was originally four separate properties at the front and eight further cottages to the rear. Indeed, the most famous mutineer of all time, Fletcher Christian, after seeing his crewmates slain by Tahitian natives, is reputed to have escaped on a ship with one Captain Folger and returned to one of the houses which now form Allerdale Court. All of the cottages and houses were brought together in 1972 to form Allerdale Court, a lovely spacious property now serving locals and visitors alike. Cockermouth is renowned as the birthplace of William Wordsworth and his sister Dorothy. The house known as Wordsworth House still stands at the other end of the town. A bright and cheerful market town, it stands on the River Cocker and is home to Jennings Brewery. However, the delights of the Lake District National Park and particularly Lorton Valley are only a short distance away. To the west lies the Georgian ports of Whitehaven and Workington while further south is Muncaster and Ravenglass with its delightful light railway running to Eskdale, known the world over as L'al Ratty. The present owners acquired Allerdale Court in 1997 and during their ownership they have transformed the hotel, making it an absolutely delightful property. They added all of the en suites to the bedrooms as well as substantially upgrading both restaurants and the rest of the accommodation. Drawing support from commercial, local and leisure sectors has seen the turnover and profitability rise to its present high level. However, with time marching on the owners now wish to retire to live locally and allow a new buyer to continue to run this easily managed and most profitable business.

THE PROPERTY
Built of rendered construction and under a pitched slate roof, the accommodation is laid out on ground and two upper floors.

PUBLIC AREAS
Entrance hall. Reception hall with reception area and being part-panelled and with delightful beam work. Bar lounge with attractive servery and being partly panelled. Traditional bench style seating and chairs for 30. Lounge with feature beamed ceiling and traditional bench seating for 20. Corner servery. Upper lounge, being partly panelled and having beamed ceiling and delightful fireplace. Delph rail and niche. The Pickwick Restaurant is split into two separate sections to seat a total of 60. Oscars Bistro being self contained and to seat 40. Part panelled and having a similarly panelled ceiling,. Corner bar servery.

LETTING BEDROOMS
21 Letting Bedrooms to sleep 40 (12 double, 4 twin, 4 single and 1 family room). 16 have en suite bathrooms while the remaining 5 rooms have en suite shower rooms. All letting bedrooms have central heating radiator, telephone, colour television, hairdryer and tea and coffee making facilities.

STAFF / OWNERS' ACCOMMODATION
There is a staff bedroom, bathroom and additional double bedroom which could be readily converted to form an owners' flat.

SERVICE AREAS
Both restaurants have separate catering kitchens. Pickwick Restaurant kitchen with cold store and dry goods store. Oscars Bistro kitchen with freezer/dry goods store.

OUTSIDE
The property lines the rear of the pavement while a delightful character passageway leads to a smoking area with tables and parosols.

SERVICES
Allerdale District Council at Workington. Mains gas, electricity, water and drainage. Gas fired central heating.

LICENCE
Premises Licence

2008 LISTINGS
visitBritain 2 Star

TRADE
Certified accounts from the owners' Chartered Accountants in the form of a Trading and Profit and Loss Account show trading profits of £114,208 (before finance costs, depreciation, repairs and legal and professional fees) on (net) T/O £522,988 for the year ended 31 March 2007. Please note that during this period, turnover and profitability were affected by roadworks which have now been completed.

PRICE
Offers around £975,000 are invited for the freehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

DIRECTIONS
Travelling west on A66, continue past Keswick to the main roundabout at Cockermouth. Turn right following the road onto Main Street. Continue along to the eastern end of Main Street, over the bridge and turn first right. This is Market Place and Allerdale Court Hotel is immediately on the left hand side of the road. Workington 9 miles, Keswick 14, Penrith 31, Kendal 44, Manchester 118 and London 307 miles.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold