Former bank on the corner of Penny Lane is going for a £950,000 song

ON THE corner was a banker with a motor car, but that was a lifetime ago when Penny Lane was best known as the place where the 99 bus terminated.

A 1967 whimsy by Paul McCartney changed all that and, well you know the rest.

The Trustee Savings Bank in the Beatles song disappeared yonks ago and in its place came the Penny Lane Hotel, a business opportunity knocking on 17 bedroom doors. Now it is up for sale for not far off a million quid.

Located on the corner of Smithdown Place and Allerton Road, you can glimpse the Penny Lane Hotel if you look hard enough between the myriad barbershop poles that have also sprung up in the last few years, each laying claim to lyrical fame.

The hotel has been brought to the market through specialist business property adviser Christie & Co for £950,000.

The fab four poster

The agent's spiel says: “The Beatles-inspired hotel is located minutes away from the childhood homes of John Lennon and Paul McCartney and 15 minutes from the world famous Cavern Club, the birthplace of The Beatles.

“It is also close to The Beatles Story museum,” it adds, in case there any crows, with a wad of cash, flying by on their way to the Albert Dock.

“The three-storey, 17 bedroom property has been repeatedly refurbished and decorated to reflect the history of the band and the area. All 17 ensuite bedrooms, a mix of double and twin rooms, have been individually designed and, along with the reception and breakfast room area, are complete with Beatles artwork and memorabilia,” it says here.

Every one of us, has all we need

Ryan Lynn, Associate Director at Christie & Co comments, “This is a fantastic opportunity for a buyer to not only get involved in a hotel which is continuing to grow on a yearly basis, but to also be a part of the history of The Beatles by playing homage to their memory.

“An experienced operator could capitalise on the unique location of The Penny Lane Hotel and build on the current business to drive profitability forward.”