EDEN VALLEY - 18TH CENTURY PUBLIC HOUSE WITH LETTING ROOMS
Calthwaite, Penrith, Cumbria
Ref: 95213
Leasehold Nil Premium
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Key Features
Precis
Historic public house located in the Eden Valley close to Hadrian's Wall and the Lake District available on new free-of-tie lease.
Location
Calthwaite is a small, attractive village situated between Penrith and Carlisle in the county of Cumbria. It offers easy access to the Lake District National Park, Hadrian's Wall and the Eden Valley. The wider area has both local amenities and schools, and is popular for short term holiday lets with Calthwaite Hall, a luxury wedding venue, adjacent to the public house. Calthwaite is served by junction 41 of the M6 motorway which heads northbound to Carlisle and southbound to Preston. To the south, the M6 links to the A66 which provides access eastwards to County Durham and The Yorkshire Dales, and westwards to the Lake District.
The detached property dates back to the 18th century and is of local stone construction with cream painted exterior under a pitched slate roof. It has an adjoining, single storey Smithy which is of stone construction under a pitched slate roof. The property briefly comprises:
The detached property dates back to the 18th century and is of local stone construction with cream painted exterior under a pitched slate roof. It has an adjoining, single storey Smithy which is of stone construction under a pitched slate roof. The property briefly comprises:
Property
TRADE AREAS
ENTRANCE VESTIBULE leading to MAIN BAR with tile and carpet flooring, exposed ceiling timbers, wood constructed BAR SERVERY with back bar, feature fireplace with log burner. The area offers seating for 45 patrons. The area is well presented and has a cosy and welcoming atmosphere.
RESTAURANT offering 22 covers with feature fireplace and its own separate, on street entrance.
CELLAR to basement behind bar with KEG ROOM and BEER DROP.
TRADE KITCHEN with Altro nonslip flooring, multiple WASH and PREP area. Separate POT WASH room.
LADIES' and GENTLEMEN'S TOILETS to the rear of the main bar.
STORE CUPBOARD.
LETTING ACCOMMODATION
Located at first floor and comprising:
Letting Room 1: DOUBLE ROOM with EN SUITE.
Letting Room 2: STUDIO with open plan LOUNGE and BEDROOM, separate KITCHENETTE and EN SUITE with a separate DOUBLE BEDROOM adjacent across the hallway.
Letting Room 3: SINGLE ROOM with EN SUITE.
Letting Room 4: DOUBLE ROOM with EN SUITE.
COMMUNAL LOUNGE leading to fire escape.
EXTERNAL
Good size TRADE GARDEN offering seating for approximately 80 with PATIO area with shelter/smoking solution, lawned area with picnic style benches.
OUTBUILDING used for food storage. SHED.
CAR PARK to the side of the property to accommodate 10 vehicles.
ENTRANCE VESTIBULE leading to MAIN BAR with tile and carpet flooring, exposed ceiling timbers, wood constructed BAR SERVERY with back bar, feature fireplace with log burner. The area offers seating for 45 patrons. The area is well presented and has a cosy and welcoming atmosphere.
RESTAURANT offering 22 covers with feature fireplace and its own separate, on street entrance.
CELLAR to basement behind bar with KEG ROOM and BEER DROP.
TRADE KITCHEN with Altro nonslip flooring, multiple WASH and PREP area. Separate POT WASH room.
LADIES' and GENTLEMEN'S TOILETS to the rear of the main bar.
STORE CUPBOARD.
LETTING ACCOMMODATION
Located at first floor and comprising:
Letting Room 1: DOUBLE ROOM with EN SUITE.
Letting Room 2: STUDIO with open plan LOUNGE and BEDROOM, separate KITCHENETTE and EN SUITE with a separate DOUBLE BEDROOM adjacent across the hallway.
Letting Room 3: SINGLE ROOM with EN SUITE.
Letting Room 4: DOUBLE ROOM with EN SUITE.
COMMUNAL LOUNGE leading to fire escape.
EXTERNAL
Good size TRADE GARDEN offering seating for approximately 80 with PATIO area with shelter/smoking solution, lawned area with picnic style benches.
OUTBUILDING used for food storage. SHED.
CAR PARK to the side of the property to accommodate 10 vehicles.
The Business
The Globe Inn is a destination public house in a quaint Cumbrian village. We are advised that food and wet sales are 50/50 and that historic net sales are in the region of £390,000 per annum.
The public house is popular with locals, residents of the surrounding villages and those staying at the holiday lodges at the adjacent Calthwaite Hall. There is potential to develop the business further by promoting its letting bedrooms more widely to guests attending weddings at Calthwaite Hall, and through the development of the adjoining Smithy, which is a available by separate negotiation. (subject to the relevant planning permissions). The letting room tariffs are in the region of £120 per night and the business is featured on 'Stay in a Pub', Airbnb and booking.com with excellent reviews.
The business has its own website - theglobeinncalthwaite.co.uk - and we are of the opinion that it would suit a family or an aspiring chef.
The public house is popular with locals, residents of the surrounding villages and those staying at the holiday lodges at the adjacent Calthwaite Hall. There is potential to develop the business further by promoting its letting bedrooms more widely to guests attending weddings at Calthwaite Hall, and through the development of the adjoining Smithy, which is a available by separate negotiation. (subject to the relevant planning permissions). The letting room tariffs are in the region of £120 per night and the business is featured on 'Stay in a Pub', Airbnb and booking.com with excellent reviews.
The business has its own website - theglobeinncalthwaite.co.uk - and we are of the opinion that it would suit a family or an aspiring chef.
Tenure
LEASEHOLD NIL PREMIUM
TERM: Seven years (although a longer lease can be negotiated to the right applicant).
LANDLORD & TENANT ACT 1954: Outside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Non assignable.
BOND: A bond equivalent to 3 months’ rent in advance.
RENT: £18,000 per annum, paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the main structure of the building. The lessee will be responsible for all other repair and maintenance including re-decoration.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
TERM: Seven years (although a longer lease can be negotiated to the right applicant).
LANDLORD & TENANT ACT 1954: Outside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Non assignable.
BOND: A bond equivalent to 3 months’ rent in advance.
RENT: £18,000 per annum, paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the main structure of the building. The lessee will be responsible for all other repair and maintenance including re-decoration.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held permitting the sale of alcohol: 7 days a week: 12:00 to 00:00.
Current opening hours:
Monday to Thursday: 15:00 - 00:00
Friday to Sunday: 12:00 - 00:00
Current opening hours:
Monday to Thursday: 15:00 - 00:00
Friday to Sunday: 12:00 - 00:00
Services
Mains water, electricity and drainage are connected. LPG and oil central heating.
Rateable Value as at 01 April 2023: £8,500 - the business is subject to Small Business Rate Relief.
Local Authority: West Moreland & Furness Council, Town Hall, Corney Square, Penrith, Cumbria CA11 7QF.
Rateable Value as at 01 April 2023: £8,500 - the business is subject to Small Business Rate Relief.
Local Authority: West Moreland & Furness Council, Town Hall, Corney Square, Penrith, Cumbria CA11 7QF.
Enquire about this listing
Dean McVay
Northern Counties
Ref: 95213
