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Free House for sale in Maryport

Maryport, Cumbria, CA15 6AB | Ref: 93926
For sale
£299,000
sidney-phillips
This property is marketed by:
Sidney Phillips

Key Features

  • Cumbrian Coastal Village
  • Quayside Public House
  • Ground Floor Bar & Restaurant
  • Front and Rear Trade Gardens
  • Turnover 22-23 £820,000 p.a
  • Over 1,000 covers per week

Description

Established Free House in the West Cumbrian quayside town of Maryport. 

Location

The Lifeboat Inn & Harbour Restaurant is located in the Cumbrian coastal town of Maryport, one of the southernmost towns on the Solway Firth. The town was the creation of the Senhouse family in the 18th century who took a small fishing village and developed it into a coal port. Notable points of local interest are Maryport Maritime Museum, Senhouse Roman Museum and Lake District Coast Aquarium. In recent years the town has been subject to much investment and development. 

Carlisle lies 26 miles north, Keswick 26 miles east and Workington 6 miles south. The town is located on the A596 and accessed from junction 36 of the M6 motorway via the A66, with the latter also providing easy access to the National Park. Maryport train station operates on the Cumbrian Coastline. 

The property appears to be of brick construction over two storeys with black and white elevations under a slate roof. It sits in a prime position next to the Quayside.

Property

GROUND FLOOR 

L-Shaped trade area with tile floor, wood panelled L-shaped bar servery with brass rail, feature fireplace and loose and fixed seating for 20. LADIES’, GENTLEMEN’S and DISABLED TOILETS offset.

BASEMENT to CELLAR with KEG ROOM, STORE ROOM and BEER DROP.

FIRST FLOOR

Well presented and spacious first floor DINING/FUNCTION ROOM to seat approximately 50. Decorated to a high standard with exposed beams to ceiling and a carvery serving area. Well-equipped TRADE KITCHEN comprising Altro nonslip flooring and multiple wash and preparation areas. The room is of a 

good size with a good selection of catering equipment and effects and a separate dish wash room. 

EXTERNAL 

To the front there is a sheltered seating area with artificial turf and bench seating for 50, offering good views of the marina. To the rear is a trade patio with raised seating areas accommodating 36 with picnic style benches, a corrugated iron OUTBUILDING and SHED and parking for four vehicles.

The Business

The Lifeboat Inn & Harbour Restaurant has been operated by the vendors for over 20 years and is one of the most popular destinations in the Maryport area. Our clients advise the split on food and wet sales is 65% in favour of food. The business enjoys repeat trade from both locals and tourists due to the town’s coastal setting and its proximity to the National Park and the Coast to Coast cycle route.

Our client advises that the business does over 1,000 covers per week with 2022-2023 turnover producing £820,000. There is scope for increased sales with extensive marketing or, alternatively, the first floor trade area could be developed into letting accommodation for which there is much demand locally.

Tenure

FREEHOLD £299,000 to include goodwill and fixtures and fittings. Stock at Valuation.