KING'S HEAD - Property Search - Savills
FOR SALE/TO LET
KING’S HEAD PUB, HOTEL & RESTAURANT RAVENSTONEDALE CUMBRIA
0161 2447709 [email protected]
t: 01228 514199 e: [email protected] www.waltongoodland.com
t: 01228 514199 e: [email protected] www.waltongoodland.com
KING’S HEAD PUB, HOTEL & RESTAURANT Historic Grade II listed fully licensed country inn, in idyllic village setting. For sale freehold or to let on new lease. Superbly located at the foot of the Howgill Fells between The Lake District and Yorkshire Dales. Designated Area of Outstanding Natural Beauty. 8 miles from Junction 38 of the M6 motorway; 5 miles south-west of Kirkby Stephen; 10 miles north of Sedbergh; 20 miles north-east of Kendal. Views towards St Oswald’s Church overlooking Stone Gill near its confluence with Scandal Beck.
Picturesque traditional stone-built former coaching inn dating back to the 17th Century within same family ownership for over 120 years. Cosy lounge bar and wonderful restaurant with 6 en-suite letting bedrooms plus 2 bedroom owner/manager’s apartment. Adjoining landscaped beer garden along the river’s edge. Renowned reputation; high turnover business. Complete strip-out and refurbishment in 2011. Fantastic high specification fit-out comprising traditional country style meets modern farmhouse with chic boutique touches.
t: 01228 514199 e: [email protected] www.waltongoodland.com
LOCATION The King’s Head is prominently located in the delightful, sought-after and picturesque village of Ravenstonedale. The village lies at the foot of the Howgill Fells in an Area of Outstanding Natural Beauty ideally situated between the world-famous Lake District and Yorkshire Dales. The King’s Head is very easily accessed from the M6 at Junction 38 – approximately 8 miles; being equidistant between Kendal and Penrith where rail connections are available to all mainline stations on the West Coast mainline railway. The area is renowned for its wealth of leisure activities including walking, cycling, horse riding, fishing and shooting in the quiet country lanes and rolling fells of the surrounding Cumbrian countryside beckoning tourists and Coast to Coast enthusiasts. The market towns of Kirkby Stephen and Sedbergh are nearby, the latter boasting the world-renowned public school which is within easy reach.
HISTORY The present owners of the King’s Head can date their family ownership back until 1892. We understand the property was originally constructed in the 1600’s. The current generation of the family undertook a complete top-to-toe refurbishment in 2011, renewing literally everything within the property and reconfiguring the accommodation seen today to a very high standard. The owners now operate The King’s Head under management
INTERNAL PUBLIC AREAS
DESCRIPTION
running and holding the business as an investment. The
The property is built in a traditional local style and is
Entrance porch leading into bar/lounge area with
current owners have spared no expense in creating an
Grade II listed, being part-stone and part-rendered
working feature stone fireplace further supplemented
extremely high quality environment comprising interior
with the accommodation set out over 2 floors beneath
by a multi-fuel stove. The bar area has seating
design-led furnishings which has helped to create and
a pitch and slate-covered roof. There is parking and
for approximately 32 and extends into the general
establish a wonderful ambience and delightful dining,
outside seating to the front along with a beer garden
restaurant area which covers the remainder of the
drinking and sleeping environment. Recognition of which
and further parking area immediately adjacent on the
ground floor providing an additional 50 covers.
is exemplified in the current turnover of the business.
opposite side of the road alongside the river.
t: 01228 514199 e: [email protected] www.waltongoodland.com
LETTING BEDROOMS
SERVICE AREAS
There are 6 en-suite bedrooms arranged across first
Fully fitted commercial kitchen with stainless steel
floor level comprising 4 double rooms and 2 twin rooms
extraction canopy and full stainless steel cooking
each with a wall-mounted flat screen TV and either
appliances, non-slip floor, fridge, freezer and sink
shower or bath with over-shower, WC and WHB.
areas including external dry store room and freezer
STAFF/OWNERS’ ACCOMMODATION The manager or owners benefit from a 2 bedroom self-contained apartment at first floor level. This also includes a kitchen/living/dining room with modern
room. There is a small office and beer cellar located off the main bar area along with ladies and gents toilet accommodation.
OUTSIDE
fitted wall and base units and a modern bathroom
An outside seating area extends across the front of the
suite comprising bath with over-shower, WC and WHB.
property adjacent to the road and opposite the river. A
The apartment benefits from internal access to the
separate landscaped beer garden is situated across the
remainder of the property along with its own external
road adjoining the river.
stone staircase at the gable end.
t: 01228 514199 e: [email protected] www.waltongoodland.com
SERVICES Mains water, drainage and electricity are connected to the property which benefits from oil-fired central heating and LPG gas for cooking.
BUSINESS/TRADE Full profit and loss accounts can be provided by the owners’ Chartered Accountants to bona fide interested parties upon viewing the property. Whilst generations of the current owners’ family have owned and operated the property for in excess of 120 years, the business and property has been transformed dramatically over the course of the past 5 years since its re-opening in 2011 following complete refurbishment. The turnover is split approximately 50% restaurant; 30% wet sales and 20% accommodation.
PRICE/RENT
VAT
Offers in the region of £895,000 for the freehold
VAT will be charged in addition to the sale price or rent.
interest including goodwill, fixtures and fittings.
We recommend that interested parties establish the
Alternatively a rent of £60,000 per annum is sought,
VAT implications before entering into any agreement.
exclusive of business rates, VAT and all other outgoings to rent the property. Where the lease option is taken, the tenant will be required to purchase the ingoing goodwill, fixtures and fittings for a price of £200,000. Please note that all stock is excluded and is available separately at valuation.
VIEWINGS Strictly by appointment only which must be made through the vendor’s agent. There must be no direct approaches to the management, staff or owners of the business.
WEBSITE www.kings-head.com
REGULATORY The property benefits from a full premises licence along
King’s Head, Ravenstonedale, Kirkby Stephen,
with a 5* food hygiene rating.
Cumbria, CA17 4NH
The business is open daily serving both a lunch and evening menu accompanied by an extensive wine list and selection of real ales.
OPPORTUNITY Our clients are looking to retire, having lived and breathed the ownership of The King’s Head throughout their lifetime and have therefore decided to sell the business, offering potential for new owner operators to further increase turnover and enhance the already renowned reputation.
RATEABLE VALUE £28,000 Interested parties should make their own enquiries of the Valuation Office Agency at www.voa.gov.uk.
TENURE The property is available either for sale freehold or to let on a new lease for a term of years to be agreed on full repairing and insuring terms.
t: 01228 514199 e: [email protected] www.waltongoodland.com
FROM THE M6 Exit the M6 at J38 (Tebay). Follow the A685 east towards Kirkby Stephen. After about 7 miles Ravenstonedale is signposted to the right.
BROUGH A66
This minor road leads directly to the King’s Head after about half a mile.
to Scotch Corner A1
FROM THE A1 Take the A66 west from Scotch Corner to Brough. Turn south at Brough on the A685 through Kirkby Stephen. About 4 miles past Kirkby Stephen, Ravenstonedale is signposted left. Take this road. Ignore next left turn to find The King’s Head on the left after another 200 metres.
A685 KIRKBY STEPHEN
M6
A685
NEWBIGGIN ON LUNE
J38 Tebay King’s Head
RAVENSTONEDALE
VIEWING By appointment with the joint sole selling agents:
t: 01228 514199 e: [email protected] www.waltongoodland.com Walton Goodland, 10 Lowther Street, Carlisle, Cumbria, CA3 8DA t: 0161 2447709 e: [email protected] www.savills.co.uk Savills, Belvedere, 12 Booth Street, Manchester, M2 4AW Walton Goodland and Savills act as agents for the Vendors of this property. No person in their employment has any authority to make any representations of warranty whatsoever in relation to this property. All information and measurement in these details are given in good faith, are approximate and whilst every effort has been made to ensure accuracy this cannot be guaranteed. These details do not form part of any contract. All rent and premiums and purchase prices quoted herein are exclusive of VAT, which may be due. All offers made to the agents are to be made on that basis and where silent offers will be deemed to be net of VAT.
KING’S HEAD PUB, HOTEL & RESTAURANT RAVENSTONEDALE CUMBRIA
0161 2447709 [email protected]
t: 01228 514199 e: [email protected] www.waltongoodland.com
t: 01228 514199 e: [email protected] www.waltongoodland.com
KING’S HEAD PUB, HOTEL & RESTAURANT Historic Grade II listed fully licensed country inn, in idyllic village setting. For sale freehold or to let on new lease. Superbly located at the foot of the Howgill Fells between The Lake District and Yorkshire Dales. Designated Area of Outstanding Natural Beauty. 8 miles from Junction 38 of the M6 motorway; 5 miles south-west of Kirkby Stephen; 10 miles north of Sedbergh; 20 miles north-east of Kendal. Views towards St Oswald’s Church overlooking Stone Gill near its confluence with Scandal Beck.
Picturesque traditional stone-built former coaching inn dating back to the 17th Century within same family ownership for over 120 years. Cosy lounge bar and wonderful restaurant with 6 en-suite letting bedrooms plus 2 bedroom owner/manager’s apartment. Adjoining landscaped beer garden along the river’s edge. Renowned reputation; high turnover business. Complete strip-out and refurbishment in 2011. Fantastic high specification fit-out comprising traditional country style meets modern farmhouse with chic boutique touches.
t: 01228 514199 e: [email protected] www.waltongoodland.com
LOCATION The King’s Head is prominently located in the delightful, sought-after and picturesque village of Ravenstonedale. The village lies at the foot of the Howgill Fells in an Area of Outstanding Natural Beauty ideally situated between the world-famous Lake District and Yorkshire Dales. The King’s Head is very easily accessed from the M6 at Junction 38 – approximately 8 miles; being equidistant between Kendal and Penrith where rail connections are available to all mainline stations on the West Coast mainline railway. The area is renowned for its wealth of leisure activities including walking, cycling, horse riding, fishing and shooting in the quiet country lanes and rolling fells of the surrounding Cumbrian countryside beckoning tourists and Coast to Coast enthusiasts. The market towns of Kirkby Stephen and Sedbergh are nearby, the latter boasting the world-renowned public school which is within easy reach.
HISTORY The present owners of the King’s Head can date their family ownership back until 1892. We understand the property was originally constructed in the 1600’s. The current generation of the family undertook a complete top-to-toe refurbishment in 2011, renewing literally everything within the property and reconfiguring the accommodation seen today to a very high standard. The owners now operate The King’s Head under management
INTERNAL PUBLIC AREAS
DESCRIPTION
running and holding the business as an investment. The
The property is built in a traditional local style and is
Entrance porch leading into bar/lounge area with
current owners have spared no expense in creating an
Grade II listed, being part-stone and part-rendered
working feature stone fireplace further supplemented
extremely high quality environment comprising interior
with the accommodation set out over 2 floors beneath
by a multi-fuel stove. The bar area has seating
design-led furnishings which has helped to create and
a pitch and slate-covered roof. There is parking and
for approximately 32 and extends into the general
establish a wonderful ambience and delightful dining,
outside seating to the front along with a beer garden
restaurant area which covers the remainder of the
drinking and sleeping environment. Recognition of which
and further parking area immediately adjacent on the
ground floor providing an additional 50 covers.
is exemplified in the current turnover of the business.
opposite side of the road alongside the river.
t: 01228 514199 e: [email protected] www.waltongoodland.com
LETTING BEDROOMS
SERVICE AREAS
There are 6 en-suite bedrooms arranged across first
Fully fitted commercial kitchen with stainless steel
floor level comprising 4 double rooms and 2 twin rooms
extraction canopy and full stainless steel cooking
each with a wall-mounted flat screen TV and either
appliances, non-slip floor, fridge, freezer and sink
shower or bath with over-shower, WC and WHB.
areas including external dry store room and freezer
STAFF/OWNERS’ ACCOMMODATION The manager or owners benefit from a 2 bedroom self-contained apartment at first floor level. This also includes a kitchen/living/dining room with modern
room. There is a small office and beer cellar located off the main bar area along with ladies and gents toilet accommodation.
OUTSIDE
fitted wall and base units and a modern bathroom
An outside seating area extends across the front of the
suite comprising bath with over-shower, WC and WHB.
property adjacent to the road and opposite the river. A
The apartment benefits from internal access to the
separate landscaped beer garden is situated across the
remainder of the property along with its own external
road adjoining the river.
stone staircase at the gable end.
t: 01228 514199 e: [email protected] www.waltongoodland.com
SERVICES Mains water, drainage and electricity are connected to the property which benefits from oil-fired central heating and LPG gas for cooking.
BUSINESS/TRADE Full profit and loss accounts can be provided by the owners’ Chartered Accountants to bona fide interested parties upon viewing the property. Whilst generations of the current owners’ family have owned and operated the property for in excess of 120 years, the business and property has been transformed dramatically over the course of the past 5 years since its re-opening in 2011 following complete refurbishment. The turnover is split approximately 50% restaurant; 30% wet sales and 20% accommodation.
PRICE/RENT
VAT
Offers in the region of £895,000 for the freehold
VAT will be charged in addition to the sale price or rent.
interest including goodwill, fixtures and fittings.
We recommend that interested parties establish the
Alternatively a rent of £60,000 per annum is sought,
VAT implications before entering into any agreement.
exclusive of business rates, VAT and all other outgoings to rent the property. Where the lease option is taken, the tenant will be required to purchase the ingoing goodwill, fixtures and fittings for a price of £200,000. Please note that all stock is excluded and is available separately at valuation.
VIEWINGS Strictly by appointment only which must be made through the vendor’s agent. There must be no direct approaches to the management, staff or owners of the business.
WEBSITE www.kings-head.com
REGULATORY The property benefits from a full premises licence along
King’s Head, Ravenstonedale, Kirkby Stephen,
with a 5* food hygiene rating.
Cumbria, CA17 4NH
The business is open daily serving both a lunch and evening menu accompanied by an extensive wine list and selection of real ales.
OPPORTUNITY Our clients are looking to retire, having lived and breathed the ownership of The King’s Head throughout their lifetime and have therefore decided to sell the business, offering potential for new owner operators to further increase turnover and enhance the already renowned reputation.
RATEABLE VALUE £28,000 Interested parties should make their own enquiries of the Valuation Office Agency at www.voa.gov.uk.
TENURE The property is available either for sale freehold or to let on a new lease for a term of years to be agreed on full repairing and insuring terms.
t: 01228 514199 e: [email protected] www.waltongoodland.com
FROM THE M6 Exit the M6 at J38 (Tebay). Follow the A685 east towards Kirkby Stephen. After about 7 miles Ravenstonedale is signposted to the right.
BROUGH A66
This minor road leads directly to the King’s Head after about half a mile.
to Scotch Corner A1
FROM THE A1 Take the A66 west from Scotch Corner to Brough. Turn south at Brough on the A685 through Kirkby Stephen. About 4 miles past Kirkby Stephen, Ravenstonedale is signposted left. Take this road. Ignore next left turn to find The King’s Head on the left after another 200 metres.
A685 KIRKBY STEPHEN
M6
A685
NEWBIGGIN ON LUNE
J38 Tebay King’s Head
RAVENSTONEDALE
VIEWING By appointment with the joint sole selling agents:
t: 01228 514199 e: [email protected] www.waltongoodland.com Walton Goodland, 10 Lowther Street, Carlisle, Cumbria, CA3 8DA t: 0161 2447709 e: [email protected] www.savills.co.uk Savills, Belvedere, 12 Booth Street, Manchester, M2 4AW Walton Goodland and Savills act as agents for the Vendors of this property. No person in their employment has any authority to make any representations of warranty whatsoever in relation to this property. All information and measurement in these details are given in good faith, are approximate and whilst every effort has been made to ensure accuracy this cannot be guaranteed. These details do not form part of any contract. All rent and premiums and purchase prices quoted herein are exclusive of VAT, which may be due. All offers made to the agents are to be made on that basis and where silent offers will be deemed to be net of VAT.
