Fully Licensed Restaurant, Bar, Takeaway and Luxury Apartment in Cumbria for Sale.
Fantastic investment opportunity either for a property investor looking to lease the premises for a rental return, or for an owner / operator wishing to own and run a restaurant and / or bar business. A substantial Grade II listed property in a prime location in Cumbrian coastal town of Whitehaven - across from the marina. Set over three floors plus basement and offering superb newly refurbished restaurant to ground and first floor, plus outside table seating area. Third floor, newly refurbished living private luxury one bedroom apartment. The restaurant has been refurbished to an excellent standard and is suitable for any manner of food led or wet led operation (restaurant, takeaway, cafe or bar operation).
The property is full of character with many original period features - some floors have even been made from re-claimed wide plank timber from the decks of an old sailing ship!
The business was being run on a very low-key basis prior to the pandemic, mainly through the spring and summer months. A subsequent fire in the basement and ground floor necessitated the recent total refurbishment of much of the restaurant and apartment and now the premises will be delivered to its new owners with the benefit of close to £100,000 in improvements including:
New floors, elegant black suspended ceilings and newly tiled throughout.
Newly installed and (as yet unused) catering kitchen with stainless steel commercial equipment and extraction hood.
Newly refurbished and unused frying range with full two years parts and labour warranty.
New, under-floor extraction system supporting the frying range.
Basement reconstructed with fire-proof boarding.
Complete electrical re-wire including digital lighting and a complete new fire system with push points, sprinkler heads, signs and sounders.
New plumbing and new Energy Efficient heating installed in the trading areas.
Entirely redecorated interior, all floors including the private apartment.
Safety Certificates all current and available.
This represents a huge opportunity for ambitious and enterprising new owners to acquire a valuable freehold property with a virtually new interior, superbly equipped and furnished at great expense and ready to trade at the turn of a key. The frying range has been purposely left free-standing should any prospective new owner wish to move away from the fish and chip trade and convert the area to provide more seats for bistro dining.
Alternatively the space would also suit a cocktail bar or coffee led venture. The restaurant as a whole, with its elegant first floor dining room and lounge, plus the newly refurbished ground floor would be well suited to any manner of theme or cuisine.
The opportunity to trade evenings would be a welcome addition to the towns vibrant bar scene, as would any new and exciting dining venue. The premises are licensed to serve alcohol. The potential is huge here, especially given the major new commercial expansion recently passed by the council and the recently opened Albion Square development (only 100 yards away), an office complex owned and operated by the nuclear industry with 1,100 permanent staff in occupancy. In addition, across the road from the restaurant property, a further office complex accommodating 2,000 office workers has been passed by the local council. Our client is offering the freehold of the property and business, but may also consider granting a lease to a competent and experienced operator with a proven track record in operating similar businesses.
Historically the property was a large three-bedroomed residence and could easily be converted back to same, making this a very affordably priced family home when compared to residential house prices being achieved in the area. Add to this the spectacular views over the boat marina and it is easy to see the value for money this offer represents.
The Premises Comprise: