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£325,000
The Station Hotel, Salthouse Road, Millom, LA18
- 7 beds
£325,000
- 7 beds
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Estimate monthly mortgage payment:
£1,484 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£16,250
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An imposing property prominently located on the main road into Millom Town Centre, this is a substantial 7/8 bedroom hotel close to completion following a major refurbishment. As the project is at the final stages of decor/flooring and lighting any prospective purchaser will have the opportunity to put their own stamp on the property. Currently run as a successful 7 bedroom bed and breakfast hotel the property over three floors briefly comprises of ground floor function room/restaurant and bar, separate lounge/bar area, kitchen and preparation room, WC's, seven bedrooms all with en suite facilities, breakfast room and newly refurbished three bedroom, two bedroom apartment.
Accounts for accommodation available upon request. Viewings by prior appointment.
Location
Located in the coastal town of Millom, approximately 23 miles north of Barrow-in-Furness and 32 miles south of Whitehaven in southwest Cumbria on the edge of the Lake District, the property is situated in prominent position on the Main Road into Millom, it also benefits from being situated adjacent to the train station.
Internal Details
An imposing three storey property with ground floor secure entrance to a lounge/bar area with separate large function room with restaurant and bar, kitchen, prep room and WC's. To the first and second floors there 7 letting rooms all with en suite facilities, breakfast room which has the potential to provide a further letting room and newly refurbished three bedroom, two bathroom owners/managers apartment.
Tenure
Freehold Premises.
Opportunity
The property has been under the same ownership for a number of years and our client is selling due to retirement. Since the business was established they have run the hotel at a pace which suits them primarily the lettings rooms offering well presented and welcoming guest rooms with self serve continental breakfast room and there is massive scope for a new hands on owner/operator to further development the business. The hotel is extremely popular attracting both business and holiday guest and has a good level of forward bookings.
Our View
This is a superb opportunity to purchase an established hotel business, and offers a great base to build upon and develop.
Accounts for accommodation available upon request. Viewings by prior appointment.
Location
Located in the coastal town of Millom, approximately 23 miles north of Barrow-in-Furness and 32 miles south of Whitehaven in southwest Cumbria on the edge of the Lake District, the property is situated in prominent position on the Main Road into Millom, it also benefits from being situated adjacent to the train station.
Internal Details
An imposing three storey property with ground floor secure entrance to a lounge/bar area with separate large function room with restaurant and bar, kitchen, prep room and WC's. To the first and second floors there 7 letting rooms all with en suite facilities, breakfast room which has the potential to provide a further letting room and newly refurbished three bedroom, two bathroom owners/managers apartment.
Tenure
Freehold Premises.
Opportunity
The property has been under the same ownership for a number of years and our client is selling due to retirement. Since the business was established they have run the hotel at a pace which suits them primarily the lettings rooms offering well presented and welcoming guest rooms with self serve continental breakfast room and there is massive scope for a new hands on owner/operator to further development the business. The hotel is extremely popular attracting both business and holiday guest and has a good level of forward bookings.
Our View
This is a superb opportunity to purchase an established hotel business, and offers a great base to build upon and develop.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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Property details
£325,000
7 bed property for sale
The Station Hotel, Salthouse Road, Millom, LA18
An imposing property prominently located on the main road into Millom Town Centre, this is a substantial 7/8 bedroom hotel close to completion following a major refurbishment. As the project is at the final stages of decor/flooring and lighting any prospective purchaser will have the opportunity to put their own stamp on the property. Currently run as a successful 7 bedroom bed and breakfast hotel the property over three floors briefly comprises of ground floor function room/restaurant and bar, separate lounge/bar area, kitchen and preparation room, WC's, seven bedrooms all with en suite facilities, breakfast room and newly refurbished three bedroom, two bedroom apartment.
Accounts for accommodation available upon request. Viewings by prior appointment.
Location
Located in the coastal town of Millom, approximately 23 miles north of Barrow-in-Furness and 32 miles south of Whitehaven in southwest Cumbria on the edge of the Lake District, the property is situated in prominent position on the Main Road into Millom, it also benefits from being situated adjacent to the train station.
Internal Details
An imposing three storey property with ground floor secure entrance to a lounge/bar area with separate large function room with restaurant and bar, kitchen, prep room and WC's. To the first and second floors there 7 letting rooms all with en suite facilities, breakfast room which has the potential to provide a further letting room and newly refurbished three bedroom, two bathroom owners/managers apartment.
Tenure
Freehold Premises.
Opportunity
The property has been under the same ownership for a number of years and our client is selling due to retirement. Since the business was established they have run the hotel at a pace which suits them primarily the lettings rooms offering well presented and welcoming guest rooms with self serve continental breakfast room and there is massive scope for a new hands on owner/operator to further development the business. The hotel is extremely popular attracting both business and holiday guest and has a good level of forward bookings.
Our View
This is a superb opportunity to purchase an established hotel business, and offers a great base to build upon and develop.
Accounts for accommodation available upon request. Viewings by prior appointment.
Location
Located in the coastal town of Millom, approximately 23 miles north of Barrow-in-Furness and 32 miles south of Whitehaven in southwest Cumbria on the edge of the Lake District, the property is situated in prominent position on the Main Road into Millom, it also benefits from being situated adjacent to the train station.
Internal Details
An imposing three storey property with ground floor secure entrance to a lounge/bar area with separate large function room with restaurant and bar, kitchen, prep room and WC's. To the first and second floors there 7 letting rooms all with en suite facilities, breakfast room which has the potential to provide a further letting room and newly refurbished three bedroom, two bathroom owners/managers apartment.
Tenure
Freehold Premises.
Opportunity
The property has been under the same ownership for a number of years and our client is selling due to retirement. Since the business was established they have run the hotel at a pace which suits them primarily the lettings rooms offering well presented and welcoming guest rooms with self serve continental breakfast room and there is massive scope for a new hands on owner/operator to further development the business. The hotel is extremely popular attracting both business and holiday guest and has a good level of forward bookings.
Our View
This is a superb opportunity to purchase an established hotel business, and offers a great base to build upon and develop.