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HOTEL & RESTAURANT IN WEST CUMBRIA

Maryport, Cumbria
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HOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIAHOTEL & RESTAURANT IN WEST CUMBRIA
  • Freehold: £350,000
  • Turnover: £194,065 £3,732 Per week
  • Net Profit: Not Applicable

Business Details

• 21 guest bedrooms and restaurant
• Bar and lounge open all day serving coffee, food and drinks 
• Situated in the coastal harbour town of Maryport in west Cumbria
• Within a short drive of the Lake District National Park
• Excellent trade and exceptional value for money

Location
Maryport has a population of about 11,300 and lies 6 miles north of Workington via the A596/A594 on the west Cumbria coast, with the Lake District National Park a few miles inland. It can be reached from Carlisle via the A596 and from Penrith and the M6 Junction 40 via the A66 and A594. Traditionally, it was a harbour town for the transport of local coal and salt minerals but is now a fishing and tourist town centred on the marina with magnificent views over the Solway Firth to Dumfries and Galloway. The property is prominently situated on the main A596 road through the town at the corner with Station Street, in a mixed commercial/ residential area, close to the town centre and only a 2 minute walk from the railway station. 

Description & Accommodation
The Waverley Hotel is a stone-built corner terrace property on four floors, with an attractive and comfortable reception/ lounge bar, restaurant, 21 guest bedrooms, and private manager’s accommodation.  The accommodation includes:

Ground Floor
Entrance Lobby leading to: 
Reception/ Lounge Bar which seats between 30 and 35 with circular wood bar servery.
Main Dining Room with servery and table and chairs for up to 50 covers.
Lower Dining Area with tables and chairs for a further 25 covers.
Ladies Toilet. 

Lower Ground Floor
Additional Dining Room for private functions and meetings which can seat about 30.
Ladies and Gents Toilets.
Office.
Private Managers Accommodation with Living Room and Double Bedroom with an en-suite bathroom.
Catering Kitchen with range of catering equipment.
Wash-Up Room.
Store Rooms.
Preparation and Coffee Making Area.
Garage and Beer Cellar.

First Floor
Landing with linen cupboard.
4 Twin/ Double Guest Bedrooms (3 with en suite bathrooms and 1 with en suite shower) 
5 Single Guest Bedrooms (4 with en suite shower rooms and 1 standard with wash hand basin). 
1 Family Guest Bedroom with 1 double and 2 single beds and en suite bathroom.
Separate Bathroom.

Second Floor
Landing with linen cupboard. 
2 Family Guest Bedrooms with 1 double, 2 single beds and wash hand basins.
3 Double/Twin Guest Bedrooms with wash hand basins.
1 Double Guest Bedroom with en suite shower.
3 Single Guest Bedrooms with wash hand basins.
2 Single Guest Bedrooms with en suite showers.
Separate Bathroom.
Separate WC.

All letting rooms include tea/coffee making facilities and a flat screen TV’s.

Outside
Small enclosed yard accessed from the lower ground floor.

Business
The Waverley Hotel provides a comfortable meeting place and events venue for private and business customers alike with the lounge bar open all day for coffee, food and drinks and spacious dining and function rooms and is home to the Rotary Club of Maryport.  In addition the 21 guest bedrooms attract commercial, tourist and event related stays. It employs 4 full time and 6 part time members of staff. We are advised that sales for the year ended 30 June 2018 were around £194,065 net of VAT. Full accounts will be made available to bona fide applicants, normally after viewing.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. It has gas fired central heating, smoke detectors and burglar alarms.  No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
We are advised the property is freehold.

Rates
Description in list:    Public House and Premises
Rateable Value:    £14,650 (2017 List)
Council Tax:    Band A

The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.

Goodwill And Fixtures & Fittings
Included in the sale is goodwill and an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.

Planning
Prospective purchasers or tenants should satisfy themselves that their proposed use complies with all planning regulations by making inquiries with the local planning authority.

 

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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