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Please note that this property is no longer on the market
The Elleray, 2-6 Cross Street, Windermere, LA23 1AE
Price: £170,000
Sold STC
Tenure: Long Leasehold
Type: A3 - Restaurants / Cafes, A4 - Pubs / Bars / Clubs, Guest House / Hotel

Property Details

LOCATION
SITUATION
The Elleray is set in a prominent position adjacent to Victoria Street in the busy village of Windermere making this a highly recognisable building with excellent frontage to the main thorough thru. Nestled in the popular Lakeland town of Windermere, Windermere offers a wide variety of amenities including shops, restaurants, banks, cafes etc. There is a train station close by and bus links and a wide variety of walks from the doorstep making this an ideal base to stay and explore the beautiful Lake District national park.

DIRECTIONS
Entering the Lake District from junction 36 off the M6, continue along the A591 entering into Windermere, taking the first left turn signposted town centre. Continue down the hill passing the turning for both the railway station and Booths supermarket and The Elleray can be seen positioned prominently on the corner of Cross Street.

DESCRIPTION
The Elleray Hotel and Bar is an established and licensed bar, restaurant and hotel with 3 en-suite letting bedrooms successfully operated by the current owners for 7 years with a turnover in excess of £450,000 per annum. The current owners open daily at 12noon to 11pm with later opening on weekends, serving lunch’s, evening meals and alcohol in both the bar area and restaurant areas which have been upgraded in recent years providing a traditional pub feel with modern twist with slate floors and cosy real fireplaces, log burners. Food is prepared in a fully equipped kitchen and the bar is equipped, maintained and supplied by the brewery. The newly finished patio beer garden is a new addition offering further potential for income. The spacious accommodation over three floors including three en-suite letting bedrooms with potential for two more currently managed via online booking agent Evivo, private and separate three bedrooms owners’ accommodation. The property has undergone a complete refurbishment in recent years including new bar, upgraded toilet facilities, and re-design of restaurant creating a superb family friendly traditional pub/restaurant with 50 covers in the main bar area and 40 covers in the restaurant area. The property has a wealth of original character features including exposed beams, stone floors and delightful open fires in both the bar and restaurant areas.

THE BUSINESS
An excellent opportunity to acquire a leasehold business on a 20 year Whitbread Pub Partnerships FRI lease from 2012, with 18 years remaining at a current rent of £50,000 per annum. Internally the premises provide approximately 90 covers with an additional 30 picnic benches outside in the large beer garden. The sale includes a fully equipped kitchen and continued supply of equipment by the brewery for the bar which are both situated on the ground floor with additional store rooms and laundry, also a useful cellar which is the main storage facility for the bar.

The business is currently operating 7 days a week for 12 months, generating a healthy trade. For more information check out the website www.elleraywindermere.co.uk Accounts will be made available to genuine interested parties.

ACCOMMODATION
OWNERS ACCOMMODATION
Private accommodation on the first floor comprising three double bedrooms, bathroom, cloakroom and open planning living area with access to balcony.

OUTSIDE
The property is very prominently positioned in the heart of the village and can be approached by both vehicle and on foot. Rear beer garden accessed via the bar or rear lane.

SERVICES
Mains electric, water, drainage and gas.

TERMS
TENURE
A new 20 year lease was signed in 2012 on FRI terms, at an annual rent of £50,000. The Landlord is Enterprise Inns.

Windermere Office
Windermere
Windermere Office
Ellerthwaite Square
Windermere
Cumbria
LA23 1DU

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