£110,000

(£110,000.00/sq. ft)

Pub/bar for sale
Market Place, Workington CA14

    • 1 sq. ft

Business
Added on 31/05/2024

About this property

  • Workington town centre

  • End-of-terrace property

  • Ground floor trade area

  • 80 capacity lgbtq bar

  • Two bedroom flat

  • Net sales £80,000 per annum

Location:
Rewind is located on the main circuit in the heart of Workington town centre, surrounded by a host of other hospitality outlets. The town of Workington sits astride the River Derwent and is bounded by the Solway Firth and the Irish Sea, and the Lake District to the east. The town lies eight miles north of Whitehaven and five miles south of Maryport. It offers easy access to Carlisle, Cockermouth and the Lake District National Park & Yorkshire Dales.

The town lies on the A596 which links Maryport and Carlisle to the north, and Whitehaven to the south. The nearby A66 provides easy access to the National Park and M6 Motorway. Whitehaven railway station serves the town with services to Carlisle and Barrow-in-Furness.

The property occupies and end-of-terrace position over three storeys. It is of brick construction with white and red painted rendering, under a pitched slate roof. The property comprises:

Property:
Trade areas:
- split level trade area: Open plan, with exposed brickwork and panelled walls. Dj booth, laminated flooring and bar servery. Well-appointed and decorated throughout. Seating for approximately 25, with a capacity of 80.
- gentlemen's toilets.
- ladies toilets.

Owners accommodation:
Set across first and second floor, comprising:
- double bedroom
- single bedroom
- lounge
- kitchen
- bathroom
- office



External:
- enclosed courtyard: Sheltered, with picnic style benches for 16.

Licence:
A full Premises Licence is held for the sale of alcohol by retail:
Seven days at week 12:00-02:00

Current opening hours:
Friday and Saturday 19:00-02:00

Services:
All mains services are connected.

Rateable Value £11,000

Local Authority: Allerdale Borough Council

Business:
Rewind trades as Workington's only lgbtq bar and is on the main town centre circuit. It is well-known for its mix of 80's and 90's music, special drinks offers and it welcoming atmosphere.

Net sales stand in the region of £80,000 per. The business is currently open only 2 nights per week which offers scope for increased sales by extending opening hours/days. Further accounting detail can be made available following a formal viewing.

The property offers a two bedroom duplex flat which is currently under renovation and offers a potential rental income of circa £450 per calendar month.

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Monthly repayment

£550 per month

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