Established freehold pub with two holiday lets and conversion potential.
Georgian village pub with two income-producing holiday apartments
An established Georgian village pub with two self-catering holiday apartments, Emily's Black Lion sits in the centre of Ireby on the northern fringe of the Lake District National Park. The licensed premises currently provides over thirty-five internal covers and external seating, with two income-producing apartments already in operation — a straightforward freehold investment for someone seeking an immediate trading asset and holiday-let income.
The building retains period character — exposed beams, panelled walls, feature fireplace and wood-burning stove — giving the public areas genuine charm that appeals to tourists and village patrons. The two separately-accessed apartments (Emily’s View and Emily’s Nook) provide flexible accommodation and rental potential. Trading figures are available to seriously interested buyers.
Practical considerations are clear: heating is by oil, broadband speeds are slow, and the plot is very small with limited external space. The public house could be converted to an additional apartment, but that requires obtaining planning consent; no application is recorded as submitted or granted. A premises licence exists and will transfer on sale, but continued operation requires a purchaser holding (or obtaining) a Personal Licence.
This property is best suited to buyers seeking a hands-on freehold business or a conversion/expansion project in a desirable rural location. It offers immediate income from holiday lets and the pub trade, plus development upside subject to planning, but comes with running obligations, fuel-cost exposure and limited outdoor space.