Restaurant for sale

Portland Street, Workington, CA14

Offers in Region of £300,000

Property Description

Full description

Tenure: Freehold

Situated on the fringes of the greatly improved town centre and within the conservation area, centering on the Historic Portland Square. The Old Town House building dates back to 1610 and has had an interesting history as part of the Curwen Estate. It was at one time used as an orphanage, a Masonic Hall, but was for the greater part a Public House known as the Lowther Arms. This substantial four storey property has been refurbished to transform it into it’s current form, yet retains all the hallmarks of it’s heritage.

The Restaurant and bar areas have great character which are welcoming and provide relaxed, comfortable dining that is extremely popular with locals and visitors alike. The Old Town House is well supported with an excellent reputation.

A superb business opportunity exists to take over this prestigious and very successful restaurant business, well situated in the conservation area of Workington. Currently open only three nights a week, the turnover is still in the region of £100,000 pa and this excludes the seasonal boost of the Christmas season. Living accommodation is available if required.

An excellent opportunity. Ingoing of £98,000 is sought for the business, excellent fixtures and effect including kitchen equipment.

By way of timber front door leading into an entrance vestibule with dado rail, coconut matting to the floor and half glazed door giving access to the

29’6” x 10’8” (8.20m x 3.29m). A lovely relaxing and comfortable area with extremely well organised corner bar area, being made of timber with slate tiles to the top. Fridges, coolers, stainless steel sink unit and beamed ceilings. Superb ornately carved fireplace with brick lining to the interior and hearth, wall lights, heavily beamed ceiling, alcove with inset lighting, large window to the front of the property and an open archway leading to the

24’5” x 18’5” (7.46m x 5.64m). Having exposed stone walls, heavily beamed ceiling, attractive antique leaded and coloured windows inset into the walls making this an attractive and relaxing place to eat. Alcove seating, stone lined archway, tongue and groove lined walls to dado height, two windows to the front of the property and access to the kitchen.

From the bar / restaurant area a solid wooden door leads to
Having slate tiled flooring, dado rail, door to rear yard area and a further door leading out to the rear lane.
9’10” x 6’ (2.77m x 1.83m). With one cubicle, wash hand basin, block urinal and quarry tiles to the floor.
8’2” x 11’6” (2.50m x 3.53m). With two cubicles, wash hand basin sunk into vanity unit, terracotta tiled flooring, hand dryer and raised window at roof height.
From the hallway a door gives access to the cellar with slate flooring.

22’4” x 21’1” down to 6’ (6.82m x 6.43m). Ideal location for barrels and storage, one area currently used as an office, further storage room and plumbing for an automatic washing machine.

19’4” x 18’9” down to 8’2” (5.91m x 5.76m). An ‘L’ shaped room with two gas range cookers, stainless steel preparation area, stainless steel fridge with preparation work surfaces above, stainless steel sinks, tiled flooring and walls, extractor fans, hot plate, cupboard. (see inventory for full list of kitchen equipment).

From the hallway, stairs wit wide half landing and original balustrade rise up to the first floor and give access to

42’ x 13’6” (12.80m x 4.14m). Being access by double door, inset lighting to ceiling, fireplaces to both ends of the room, one being an open alcove the other housing a gas fire with marble hearth and back plate with timber surround. Three windows providing lots of natural light, a door to a hallway giving access to first floor conveniences.

Available at a separate rent to be negotiated

The residential accommodation comprises two self contained flats, with accommodation listed below. These are both in excellent order and furnished to a very high standard.

The one bedroom flat would make an ideal manager’s flat and the larger two bedroom flat would easily make four letting bedrooms.

Consists of:- Kitchen, Living Room, Bathroom and Bedroom.

Consists of:- Kitchen, Living Room, Dining Room, Bathroom, Two Bedrooms (one with en-suite facilities)

Services. Mains water, drainage, gas and electricity.

Directions. From Washington Street, in Workington, turn up on to Jane Street, follow the road around to the left, turn right in to Portland Square.

Agents Notes.
1 Gas central heating from combi boilers – one for the restaurant and flat one and one for the second floor flat. (Both boilers are have been replaced recently).
2. Both dining rooms have space for 34 covers down stairs and 52 upstairs.
3. Both flats are Tax Band A and the business rates payable for the restaurant are £2163.11 annually.
4. The property dates back to 1610 and is in a conservation area.
5. Audited accounts and full inventory available on request.

Tenure: The property is FREEHOLD.

Proposed Terms of Lease:

1 Rent £15,000 pa
2 Tenant to pay rates and other outgoings of a regular nature
3 Term to be for 10 years
4 Tenant responsible for internal repairs
5 Landlord responsible for external repairs
6 Landlord responsible for insurance but recover a proportion of the costs
7 The tenant may assign – consent not to be unreasonably withheld.

Nearest stations

  • Workington (0.7 mi)
  • Harrington (2.3 mi)
  • Flimby (3.4 mi)
Distances are straight line measurements

To view this property or request more details, contact:

Smeatons, Cockermouth

39 Station Street Cockermouth CA13 9QW

01900 383012 Local call rate

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Property reference WS-1072. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Smeatons, Cockermouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.