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ref: 307002

Townhouse hotel for sale in Cumbria

Available
Marketing
Price
Offers Around £535,000 (€610,168 approx)
Location
Lonsdale House Hotel, 11 Daltongate, Ulverston, LA12 7BD
Property Type
Hotels
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KEY FEATURES



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Delightful Georgian townhouse hotel with 19 en suite bedrooms
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Situated within a busy commercial town centre
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Potential for uplift in trade to create new restaurant or wedding venue
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Spacious breakfast room with commercial catering kitchen; pleasant residents lounge
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Beautiful landscaped rear gardens and outdoor seating area
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Turnover January 2018 £253,179 (net of VAT) adjusted net profit circa £108,000
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EPC Rating - C

DESCRIPTION


Lonsdale House Hotel occupies a prominent trading location yet within a tranquil position, just off the town’s retail area. Built of classic Georgian proportions in 1787 for local cleric George Fell, this delightful property is traded on a bed and breakfast basis and attracts predominantly both commercial sector, together with tourists visiting the local area and of course the Lake District National Park. There are superb landscaped gardens to the rear with a folly-style boundary making Lonsdale House an ideal location for small weddings, private functions and events.

Situated between Morecambe Bay and the Lake District National Park, Ulverston is South Lakeland’s festival town with events packing the year from the Walking Festival in March to the 2-day Christmas Dickens Festival at the end of November. The town centres on its market place with Market Charter granted in 1280 and which continues to this day. In the 18th Century, the town was a vital port and continues to be an important centre of commerce as well as attracting many thousands of tourists to this lovely corner of Cumbria, which was the birthplace of Stan Laurel.

The hotel was acquired by the current owners in 2007 who then immediately set about an extensive refurbishment programme of this classic Georgian hotel , upgrading its public rooms and many of its 19 en suite bedrooms. The business has been successfully operated by a husband and wife team on a bed and breakfast basis, with a small compliment of staff to help out in busy times.

Unfortunately however, due to illness and bereavement, the family have had appoint additional staff members to operate the business in their absence. This has significantly increased staff costs, but it is worth pointing out that should new owners choose to operate the business themselves, a significant cost saving could be achieved saving over £50,000 per year. Additionally, new revenue streams could be developed by utilizing the properties indoor and outdoor spaces by opening a restaurant to cater for the towns busy food and beverage demand and function room for corporate conferences and weddings.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 22/10/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499