FREEHOLD INVESTMENT PROPERTY IN CUMBRIAN COASTAL VILLAGE

Super opportunity to acquire charming & well maintained detached character property boasting extremely well fitted bar/games/purpose-built function room facilities & smart 2-bed private apartment currently achieving circa 12% annual return on investment in vibrant coastal village. Ideal acquisition for expanding investment portfolio with scope for increased future rental income & early viewing essential REF 2964

The subject property occupies a convenient trading position in the vibrant seaside and harbour village of Harrington, which lies with excellent access both to major road links (A595, A596 and A597) and to all the many amenities and attractions of the nearby town of Workington, on the delightful and dramatic Cumbrian coast.

We are delighted to present this fantastic opportunity to acquire the valuable freehold rights to a commercial and residential property of real quality and outstanding future possibilities, which we are confident you will agree represents exceptional value.

This detached property features all the charming, welcoming and extremely well fitted traditional free house licensed bar and games facilities associated with an establishment of this kind and is currently let to a reliable independent operator on a renewable five year lease to produce a very healthy rental income of £13,520 per annum, which represents approximately 12% annual return on investment.

In the same hands for many years, this would naturally present an outstanding opportunity, particularly for someone looking to significantly increase their existing investment portfolio by the acquisition of a substantial and well located additional freehold property which would be eminently capable of achieving an even higher return on initial capital investment in terms of increased future rental income and we would strongly recommend the earliest possible viewing to avoid disappointment.

Fitted to high industry specifications throughout, these well maintained TWO STOREY freehold detached character premises provide excellent and highly functional internal business accommodation to the GROUND FLOOR, which briefly comprises an inviting and enclosed public porchway vestibule entrance directly off Gibson Place into the main, charming and welcoming public bar with good mix of loose and fixed upholstered bar furnishings, pool table area and a large, fully fitted and timber-built free-of-tie licensed servery with full range of optics, draught pumps, chilled bottle display cabinets, bottle and glass display and storage shelving, electronic till point and access through to a small working kitchen area ideal for the preparation of hot and cold bar snacks.

The main bar area, in turn, affords easy access through to a spacious, versatile and well furnished, purpose-built function room extension to the side and rear with large dance floor area, elevated stage area for entertainment purposes and its own, fully fitted free-of-tie licensed servery.

Further ancillary internal business accommodation consists of an inner hallway housing all the usual separate male and female washrooms/WC facilities for customers and a boiler store, together with separate doorway access to the rear and access down to a fully fitted and equipped trade beer cellar/bottle store at BASEMENT LEVEL with refrigerated barrel storeroom and separate access for deliveries.

To the FIRST FLOOR this wonderful lifestyle opportunity provides comfortable and convenient in-house living accommodation ideal for private or staff purposes, which consists of a good-sized lounge and a fully fitted domestic kitchen housing ample work surfaces, wall and base storage units, fitted sink unit and a full range of appliances, together with two bedrooms and a fully fitted bathroom/WC.

The property also enjoys the benefit of central heating in addition to the added safety and security benefits of full fire and intruder alarm systems.

Externally:

To the exterior the premises are well signed and attractively presented and incorporate a small, well maintained and furnished public beer garden with an adjacent communal car park providing ample unrestricted off-road parking facilities for customers.

The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price