• Popular food destination pub with separate shop and post office
• Outside seating areas, garden, parking and 2-bedroom owner’s accommodation
• Open plan bar and dining area
• Takings £347,000 net in 9 months to 31/12/2023
• Attractive village nr Penrith and gateway to the Lake District
• Available freehold or on a lease at a rent of £24,000 pa and ingoing of £40,000
• Popular food destination pub with separate shop and post office
• Outside seating areas, garden, parking and 2-bedroom owner’s accommodation
• Open plan bar and dining area
• Takings £347,000 net in 9 months to 31/12/2023
• Attractive village nr Penrith and gateway to the Lake District
• Available freehold or on a lease at a rent of £24,000 pa and ingoing of £40,000
Overview
A popular and thriving village pub and food destination inn, situated in an attractive village on the edge of the Lake District National Park. The business has been owned and run by the current proprietors since 2009 as a family business with an excellent reputation for traditional fare. Opening hours are Monday to Friday 12-3pm and 6-11.30pm and Saturday to Sunday 12 noon to 12 midnight. Turnover for the 9 months to 31 December 2023 was £347,000 net of VAT, with a split about 55% food and 45% wet. The pub also has an adjoining shop and post office producing additional income of about £15,000 a year which is included in a freehold sale and could be available separately to an incoming tenant. Anyone operating the post office counter would need to apply to the Post Office for the subpostmaster position. Our clients are seeking to retire from the business. Full accounts will be made available to bona fide applicants, normally after viewing.
Website: www.kingsarmsstainton.co.uk.
Location
Stainton is a popular village on the edge of the Lake District National Park lying between the A66 and A592, the gateway to the Ullswater valley, about 2½ miles west of the market town of Penrith and a mile from M6 Junction 40. It lies in the parish of Dacre which includes the villages of Dacre and Newbiggin with an overall population of around 1,500. The thriving village has a primary school, hotel, village hall as well as the pub and post office and the Rheged discovery centre lies closeby.
Description
The property comprises a traditional village pub, built in stone with rendered elevations and slate tiled roofs. Extensions have been added at the rear. It has outside areas and parking.
Accommodation
The Pub
Entrance Lobby; Bar and Seating Area (9.53m max x 8.35m max) L-shaped having a traditional ambience with timber beams, fireplaces, bench seating and tables and chairs for approximately 40 and bar servery; Ladies and Gents Toilets at either end of the bar; Inner Hall with access to the first floor; Boiler and Cleaning Room; Catering Kitchen (8.02m x 2.78m) with non-slip floor covering, extractor, stainless steel sink unit, and range of equipment including 6 ring range, stainless steel units, microwaves, griddles, fryers, fridges and freezer; Beer Cellar and Store Room with outside access.
The Shop
Sales (3.79m x 5.14m) including WC.
The Flat
On the first floor with access from the pub and separate external stairs:
Kitchen (3.16m x 2.07m) with modern units, electric oven and hob and stainless steel sink unit; Living Room (4.18m x 3.49m); Bedroom 1 (2.99m x 4.43m); Bedroom 2 (2.41m x 5.58m); Bathroom with bath, separate shower, WC and wash hand basin.
Outside
To the front is parking for about 7 cars, covered seating area with patio dining seating for about 14.
All references to areas and dimensions are deemed to be approximate.
Services
We are advised that mains water, electricity and drainage are connected to the property. The pub has lpg gas central heating. No warranty is given regarding the working order of any appliances or services referred to in these particulars.
Rates
Description in list: Public House & Premises
Rateable Value: £9,950
Council Tax: Band A
The property qualifies for 100% small business relief.
Fixtures & Fittings
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars, or the inventory are excluded. Stock will be valued separately and taken on completion.
Energy Performance Certificate
This property’s current energy rating is E. A copy of the EPC is available on our website.
Tenure
The property is available freehold or leasehold.
If leasehold, a new lease would be granted to an approved tenant subject to agreement of terms plus an ingoing for the goodwill and inventory. The tenant will be expected to pay the landlord’s reasonable legal costs in the preparation of the lease.
Vat & Stamp Duty
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.
Finance
If you require financial assistance, we can refer you to a local professional who can advise on sources of finance and prepare a business plan which most lenders now require.
Money Laundering Legislation
Estate Agents are obliged to obtain evidence of identity and proof of address of buyers to comply with Anti-Money Laundering Legislation, prior to acceptance of an offer.
Viewing
Strictly by appointment with the sole agents, Mere Commercial. Tel. 017684 83498. E-mail. [email protected] Date 20/03/24.
Please complete the form below to request a viewing for this property including your name, postal address, telephone number and email and in the comments box any relevant additional information such as whether you have a property to sell and/or require finance and for a letting property your proposed use.
Arrangements for viewings vary from property to property. Viewings will be accompanied by our client or our representative and times are subject to their availability and where a property is tenanted, the tenant’s availability. In the comments box, please provide some alternative days and times with a few days’ notice, if possible, and we will arrange a mutually convenient time. Alternatively, call us on 017684 83498.
