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Lake District Hotel With Riverside Gardens For Sale

Ambleside, Cumbria
Asking Price:
£245,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Available on request

This is advance notice of the retirement sale of a small riverside hotel in a conservation village close to Ambleside. The leasehold property will be marketed from the 6th April 2017.
The property stands in extensive grounds and gardens in a stunning location surrounded by fells and close to lakes. Accommodation consists of seven letting rooms, made up of four double en-suites, one double with private bathroom and two luxury suites. There is a licensed bar, open to non-residents, a coffee bar and an elegant Georgian dining room.
Written details are available from the vendors. Interested parties will be given the opportunity to view the property from the 6th April 2017.

Property information

Property:

Leasehold

Lease Terms:

15 year lease from 12th May 2004 to be renewed before sale. Three year rent reviews. Free of tie.

Leasehold Rent:

£22,500 per annum

Living Accommodation:

Ground floor bedsit.

Location:

Conservation village location on main road

Premises Details:

Two storey grade ll listed building part 18th part 16th century. Part rendered Westmorland stone beneath pitched slate roof.

Business Operation

Expansion Potential:

Physical expansion not allowed in conservation area. Potential for better use of existing income streams

Competition / Market:

One hotel and two guest houses within one mile. Very healthy visitor numbers.

Reasons for selling:

Retirement

Trading hours:

24/7

Employees:
0

Other Information

Support & training:

Vendor will train and advise if requested. (Former Senior Lecturer in Hotel Management)

Website:
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Home based:
This business can be run from home.

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