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For sale: Masons Yard 24, 18 Stramongate, Kendal, Cumbria, LA9 4BN

OIRO £685,000

Summary: A rare opportunity to purchase a highly profitable and very popular pub and restaurant occupying a prominent location in the south Lakeland market town of Kendal. For sale freehold and as a going concern this stunning comprehensively refurbished free house and restaurant includes

 
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Address18 Stramongate
Kendal
Cumbria
LA9 4BN
Property TypeHouse
Sold StatusAvailable
TenureFreehold
Bedrooms0 Beds
Bathrooms0 Bathrooms
Reception Rooms0 Receptions
Reference_KEN190199
EER/EI Ratingschart

A rare opportunity to purchase a highly profitable and very popular pub and restaurant occupying a prominent location in the south Lakeland market town of Kendal. For sale freehold and as a going concern this stunning comprehensively refurbished free house and restaurant includes

a courtyard garden and extensive additional accommodation suitable for development.

THE BUSINESS
The building and the business is owned by a Limited Company and the property is being offered for sale on behalf of the Directors.

The owners' website www.masonsyard24.co.uk offers an insight into the business. This, together with social media, a reputation for excellent food, a wide range of cocktails, wine, cask and craft ales together with a stylish and welcoming interior, have contributed to making Masons Yard 24 one of the most successful businesses of its type in Kendal in a very short time.

The business is currently run by a manager and various staff, overseen by the Directors. Opening hours are 11am to 11pm every day.

The property was purchased by our clients in 2015. The building was then comprehensively refurbished and remodelled at great expense with high quality finishing and particular attention to detail. Part of the building remains unfinished with excellent potential for the creation of residential accommodation and a function room.

The property won the Kendal Civic Society Design Award in 2017.

A stunning free house pub and restaurant occupying a superb town centre location.
Highly profitable with huge growth potential.
Comprehensively refurbished historic freehold premises, completed in 2016.
Superbly equipped and furnished main bar.
Excellent restaurant with around 52 covers.
Very well equipped commercial kitchen.
Wonderful, discreetly position courtyard garden, part covered and fully enclosed by high walls, with around 75 covers.
Luxuriously appointed toilet facilities.
Extensive part developed first and second floor accommodation with fantastic potential for residential use and a function room.
For sale freehold and as a going concern.

Masons Yard 24 occupies a highly prominent location on Stramongate in Kendal town centre in an excellent trading position.

The thriving and busy historic market town of Kendal, renowned as being the gateway to the Lake District, has an excellent range of shopping, leisure, cultural and educational amenities. The town has a population of around 30,000 and is popular with tourists, visitors and holiday makers throughout the year.

Kendal is well served by public transport and is conveniently situated for junctions 36 to 39 of the M6 motorway.

Entrance Lobby: Panelled entrance doors.

Bar:22'5" x 18'2" (6.83m x 5.54m). Attractively designed bespoke bar with oak panelling and beautiful polished granite tops. The back of the bar has illuminated oak shelving. Matching granite tables. Built-in upholstered leather seating and matching chairs. Hardwearing, stone tiled floor. The two double glazed bay windows to the front fill the bar with light.

Restaurant:41'2" x 14'9" (12.55m x 4.5m). Part open plan to the bar but separated from it by a galleried area with an oak framed and ballustraded screen. The capacity is for around 52 covers. Built-in upholstered leather seating and matching chairs. Oak floor.

Entrance Lobby No.2: Oak panelled door.

Kitchen:16'1" x 14'6" (4.9m x 4.42m). A comprehensively fitted and equipped commercial kitchen in brushed steel complete with a commercial extractor unit.

Cellar:16'11" x 15'1" (5.16m x 4.6m). The cellar benefits from its own filtrated water supply with a well feeding a range of modern water storage tanks. Sink unit. Cellar cooling unit.

First Floor

Landing: Rear entrance door leading to a roof terrace.

Office:8'2" x 6' (2.5m x 1.83m). Worcester gas fired central heating boiler.

Staff Room/Office No.2:11'3" x 5'9" (3.43m x 1.75m).

Staff W.C:8' x 3'9" (2.44m x 1.14m). Square wash hand basin with cupboard below, and w.c Chrome ladder radiator.

Workshop/Store:37'11" x 15'4" (11.56m x 4.67m). This impressive space, currently used as a workshop and store, would make a great function room. It has an open ceiling with exposed beams and double glazed windows on both sides. A door leads to a roof terrace and a further door leads to a staircase and the rear courtyard.

Room No.1:19'4" x 19'2" (5.9m x 5.84m). Two double glazed bay windows to front. Ideal for developing into a kitchen/dining room.

Room No.2:23'5" x 20'11" (7.14m x 6.38m). A large, well proportioned room with three double glazed windows to the front and a double glazed window to the rear.   Stone fireplace with an oak lintel and flagged hearth. An old stone staircase leads to the second floor. This room would make a fabulous living room.

Second Floor

Landing:

Room No.3:24'2" x 21' (7.37m x 6.4m). This spacious room would make a stunning master bedroom. It features very impressive beams and a tall dormer window to the rear. An opening leads to a rather curious old stone staircase.

Room No.4:15'9" x 10' (4.8m x 3.05m). Potentially a double bedroom. Double glazed window to front.

Room No.5:15'9" x 9'6" (4.8m x 2.9m). Also a potential double bedroom. Double glazed window to front.

Room No.6:6'8" x 5'7" (2.03m x 1.7m). Ideal as a shower room. Some plumbing is in situ. Window to rear.

Outbuilding:12'3" x 7'7" (3.73m x 2.31m). Three commercial freezers and two commercial refrigerators. Access hatch with ladder leading to a storage loft.

Store:8'8" x 4'11" (2.64m x 1.5m).

Utility Room:8'6" x 6'8" (2.6m x 2.03m). A versatile space. Oak shutters open out to create a serving opening with a granite counter. Wash hand basin .

Courtyard: A superb facility offering a delightful outside space for food and drink, sheltered by high stone walls and two open fronted, slate roofed canopies, one with a contemporary style six burner fire. The flagged courtyard is presently furnished with a range of tables and chairs and provides around 75 covers features two period style, cast iron lamp standards.

Toilet Block:14'9" x 13'5" (4.5m x 4.1m). Finished to a high standard there are six w.c's off a central corridor, each with a square wash hand basin mounted onto a granite top, a w.c., travertine tiled walls, tiled floor and oak door. Chrome ladder radiator.

Disabled Toilet:7'3" x 5' (2.2m x 1.52m). Wash hand basin and w.c. Travertine tiled walls. Tiled floor. Chrome ladder radiators.



All mains services. Gas fired boiler serving blown air heaters and radiators. The property also has the benefit of its own filtered water supply, as well as mains water, offering potential for those interested by creating a micro-brewery.

THE ACCOUNTS
Turnover for the year to 30th June 2018 amounted to just under £562,000, a significant increase from the previous year. Turnover has continued to grow in the current financial year. With the potential for developing the unfinished accommodation there is excellent potential for additional income genuinely to further enhance profitability.

Copies of the accounts are available for inspection at our Kendal Head Office, by prior arrangement, to generously interested parties only, following a viewing.

FIXTURES, FITTINGS AND EQUIPMENT
The building and business are offered for sale as a going concern. An inventory of items to be included in the sale will be made available to purchasers.

LICENCE
A full on premises licence is held.

VAT
The purchase price is liable to VAT.

RATEABLE VALUE


ENERGY RATING
'E'.

TENURE
Freehold.

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Register your Interest: Masons Yard 24, 18 Stramongate, Kendal, Cumbria, LA9 4BN