A Victorian TOWNHOUSE converted in 2013 into a bright & spacious hostel particularly aimed at the cyclist market. It sleeps up to 18 in rooms that include en-suite facilities with dining/kitchen,lounge,bike store & drying room. On the 2nd floor is a self-contained flat. Inspection recommended.
In 2013, the current owner acquired this property and converted it to a modern bright and airy hostel particularly aimed at the cyclist market. Located in Penrith on the edge of the Lake District it lies on the coast to coast cycle route and the start of a number of other routes. It sleeps up to 18 people in twin & dorm rooms with en suite facilities and shared dining kitchen and lounge. The owner is selling to pursue a new career but this is a wonderful opportunity for someone to acquire a very profitable lifestyle business which could be run in a number of different ways. Turnover for the year to 5 April 2019 was £60,775 based on letting all rooms. Full accounts will be made available to bona fide applicants, normally after viewing
Penrith is a market town located on the north east fringe of the Lake District with a population of around 16,000 and catchment population of around 45,000. It has excellent transport links being at the junction of the M6 motorway and the A66 trans-Pennine trunk road, has a Station on the west coast main line linking London and Glasgow and two secondary schools. Major retailers in the town include Argos, Morrisons, B & Q, Booths, Sainsburys, Aldi, W H Smith, Boots and Sports Direct. The property lies on a quiet residental square within a few minutes walk from the town centre.
The property is a spacious end of terrace Victorian town house with outside seating and parking areas. It was converted to its current use in 2013 and includes new wiring, plumbing, upvc windows, doors and insulation.
Accommodation & Floor Areas
Rear Entrance Lobby
Reception / Guests Lounge with reception desk, wall mounted television, cupboard off, and comfortable seating for about 11.
Hall and Front Entrance Lobby
Guests Dining Kitchen with tables and chairs to seat up to 17 and including modern kitchen cabinets, stainless steel sink unit, built-in electric hob and oven, extractor, built-in microwave, dishwasher, fridge, vinyl floor and wall mounted hot water boiler.
Guest Bedroom 1, twin with en suite wet room having shower, wc and wash hand basin.
Guest Bedroom 2, sleeps 6 with 3 bunks, lockers, personal lights, personal usb connections and en suite shower, wc and wash hand basin.
Guest Bedroom 3, sleeps 4 with 2 bunks, lockers, personal lights, personal usb connections and en suite shower, wc and wash hand basin.
Guest Bedroom 4, sleeps 4 with 2 bunks, lockers, personal lights, personal usb connections and en suite shower, wc and wash hand basin.
Private flat or additional guest accommodation with part limited headroom into eaves:
Bedroom, twin with velux window.
Shower Room with wc and wash hand basin.
Living/ Dining/ Kitchen with kitchen cabinets, stainless steel sink unit, electric oven and hob, extractor, velux windows and tv point
Cycle Store with external and internal access, 10 cycle racks, ceramic sink, hand dryer, drying room and store.
Store with external access.
To the side, block paved drive with parking for 2/3 cars having electric vehicle charging point, paved seating area with wooden benches.
To the front, small walled garden area currently laid to slate and path to front door.
We are advised that mains water, electricity, gas and drainage are connected to the property. It has gas central heating. a fire alarm and cctv. No warranty is given regarding the working order of any appliances or services referred too in these particulars.
We are advised the property is freehold.
Description in list:Hostel & Premises
Council Tax:Band A
The property qualifies for 100% small business relief.
Fixtures & Fitting
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.
Prospective purchasers or tenants should satisfy themselves that their proposed use complies with all planning regulations by making inquiries with the local planning authority.