- Substantial Cumbrian pub +
- Beautiful Village Setting +
- Main bar (30), two section restaurant (60) +
- Five en suite letting rooms +
- Two bedroom owners accommodation +
- Planning permission - Use Class C3 (2 x Dwelling houses) +
- NEW, FREE OF TIE, LEASE ALSO AVAILABLE +
- SELLER REF: 134 +
Hallbankgate is a quaint little village in the county of Cumbria 3 miles from Brampton, 12 miles from Carlisle . A former coal and lead mining village, limestone is quarried here and it once had a gasworks and a forge. Hadrians Walls , The North Pennine Fells, Tarn Country Park and RSPB Geltside are all within easy access as well Lakes District National Park.
The Village straddles the A689 Brampton to Alston road which links to the A69 Carlisle to Hexham and the M6 and A7 motorways.
The Belted Will is a 17th century pub named after Lord William Howard of Naworth castle. The pub was at one time a temperance hotel, and now serves real ales and provides accommodation. This demi detached property is of local stone construction under a pitched slate roof and is well appointed throughout with original features and exposed timbers.
PLANNING PERMISSION
Planning permission approved for change of use of public house to two Use Class 3 dwelling houses. Cumberland Council Application Number: 24/0465
FREEHOLD £395,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
OR
LEASEHOLD: In region of £40,000
INVENTORY: Ingoing tenant to purchase the inventory as part of the premium
TERM: Five to seven years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord's consent
BOND: A bond equivalent to three months' rent in advance
RENT: IRO £26,000 per annum, paid monthly in advance
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Full repairing and insuring lease agreement
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 be payable on the Premium and rental payments
No direct approach to be made to the business, with all communications directed through Sidney Phillips.
Viewing strictly by appointment only.