29 bedroom hotel for sale

Belle Isle Street,Workington,CA14

£995,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

EXCEPTIONAL 29 LETTING ROOM HOTEL - CUMBRIA
Situated in the Cumbrian town of Workington
Early viewing essential to fully appreciate
2 bedroom owners accommodation
Recently undergone refurbishment
Scope for further development
Ideal partnership opportunity
Great bar/function facilities
Genuine reason for sale
Award winning hotel
Bookings into 2017
FREEHOLD


Location

The business is ideally situated in a first class location in the busy and popular town centre of Workington. Surrounded by complementary businesses, it also benefits from being situated adjacent to the train station and a few minutes walk from the shopping arcade. There is the advantage of parking to the rear of the premises. Workington is on the picturesque Cumbrian coast and on the border of the Lake District National Park. Millions of pounds have been spent regenerating this part of Cumbria and is becoming an increasing popular tourist area. Other popular residential and tourist towns of Whitehaven, Carlisle and Penrith, along with the M6 motorway, are all less than an hour away.


Business History

Meridian Business Sales are delighted to offer for sale this superb hotel which was established by our clients over 20 years ago. Our clients are reluctantly offering the business to the market due to unfortunate ill health. Since the business was established they have run the hotel at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that they generate a respectable annual turnover which is derived from offering well presented and welcoming guest rooms and a high quality and varied breakfast and evening meals. The vendor has full coach bookings through to 2017. The business also generates turnover from working along side a popular coach travel company and is the only hotel that does this in the area. The hotel is extremely popular, attracting both business and holiday guests, and has a good level of forward bookings. There is great scope for increased turnover due to developments in the area such as a railway extension opposite the hotel and a new leisure centre round the corner. This will bring business to the area. This is a superb opportunity to purchase an established business, and offers a great base to build upon. An early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.


Tenure

We are advised freehold


Opening Hours

Trades all year round


Accommodation

Imposing 3 storey detached property, briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Reception with seating area
Office
Open plan bar lounge with fitted bar servery and separate lounge area
Restaurant with ample dining tables and chairs for approximately 80 covers
Ballroom/function room with fitted bar servery and dining tables and chairs for approximately 185 covers
Toilet facilities
Fully fitted commercial kitchen
Laundry room
Storage cellar
Refrigerated beer & wine cellar
Lift access to all floors

FIRST & SECOND FLOORS
29 letting rooms
11x double guest rooms
13x twin guest rooms
4x single guest rooms
1x family guest room
15 of the guest rooms have double walk in en-suite shower rooms
14 of the guest rooms have en-suite bathrooms

OWNERS/MANAGEMENT FLAT
Self contained accommodation
Lounge
Fully fitted kitchen
2x bedrooms
Bathroom

EXTERNAL
Car park
Lawned gardens
Storage area

Nearest stations

  • Workington (0.1 mi)
  • Harrington (2.2 mi)
  • Flimby (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Workington (0.1 mi)
  • Harrington (2.2 mi)
  • Flimby (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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