29 bedroom hotel for saleThe Cumberland Hotel,Station Street,Workington,CA14 2XQ
Offers in Region of £650,000
- Business for sale
- Use class orders: C1 Hotels
The Cumberland Hotel was originally built in 1901 as a commercial hotel serving the centre of this vibrant west Cumbrian town and once belonged to Matthew Browns. Standing in a prominent trading position between the town and the harbour, The Cumberland Hotel has 29 well proportioned letting bedrooms, many of which have only recently been completely refurbished as well as excellent parking facilities and a spacious 2 bedroom flat for the resident owners or manager.
Workington lies on the west coast of Cumbria at the mouth of the River Derwent and has enjoyed a rich heritage of boat building, coal mining and steel production. Although these industries have now declined it has left a rich tapestry of history unique to the area. Further afield is the Solway Coast with its wide sandy beaches and towering cliffs - an area of outstanding natural beauty. Inland lies the pretty market town of Cockermouth, birth place of William Wordsworth, and home to Jennings Brewery and its well known visitor centre while just a short journey away is the wonderful scenery of the Lake District National Park with its majestic fells and deep blue lakes bringing many thousands of tourists to the area all year round.
The Cumberland Hotel was acquired by the present owners in 1993 and during their ownership they have completely refurbished the hotel from top to bottom, refurbishing the en suite facilities to the letting bedrooms as well as re-configuring the public rooms, renewing the hot water system and central heating boiler and have recently received planning permission for the construction of 16 further bedrooms. They have also established a particularly successful business incorporating a blend of commercial, local and particularly coach tour business in a hotel which is very easy to manage and which can achieve consistently high levels of profitability. Indeed, there are considerable and very valuable forward bookings for the coach trade which run more than a year ahead. Having thoroughly enjoyed their years at The Cumberland Hotel, the owners are now to retire.
Of rendered construction and under a pitched slate roof, the accommodation is laid out on ground and 2 upper floors.
Delightful and welcoming entrance leads down to reception with seating and office. Bar lounge with full-width serving bar and separate lounge area. Restaurant to seat 80 having suspended ceiling and being a particularly attractive room. Ballroom/function room to seat up to 185 having a sprung dance floor and full-width bar, lights and amplification.
29 letting bedrooms to sleep 60 (11 double, 13 twin, 4 single and 1 family rooms). 15 have double walk-in en suite shower rooms while the remaining 14 rooms have en suite bathrooms. All have central heating radiator, direct dial telephone, Wi-Fi, radio/clock alarm, hairdryer, digital TV and tea and coffee making facilities. Lift to first and second floors.
Spacious self contained flat comprising lounge, kitchen with a range of fitted units, 2 good size bedrooms and bathroom.
Catering kitchen being fully tiled to all walls and floor and having fluorescent lighting, canopy and extraction. Similar wash-up area and dry goods store. Laundry room with Belfast-type sink, fluorescent lighting and being fully tiled. Boiler room, store cellar and refrigerated beer and wine cellar.
Spacious car/coach park to the rear with storage area. Garden with mature trees and lawn - ideal for wedding photography.
Allerdale District Council at Workington (01900) 326333.
Mains water, drainage, electricity and gas. Gas-fired central heating.
Certified accounts as prepared by the owners' Chartered Accountants in the form of a Trading and Profit and Loss Account show trading profits (before finance costs and depreciation) of £176,635 for the year ended 31 Mar 2013 on (net) turnover of £362,500.
PLANNING & DEVELOPMENT
Planning Permission was granted on 08/01/2010 reference 2/2009/0825 for an additional 16 letting double/twin bedrooms to be built on 2 floors with car park under. This should raise the total number of bed spaces in the hotel to 92.
Offers around £650,000 are invited for the freehold property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.
Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.
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