Workington’s Cumberland Hotel is up sale after its owners have gone into receivership.
Colliers is marketing the 29-bedroom venue, opposite the town’s train station, on behalf of LPA Receivers, RSM UK Restructuring Advisory LLP.
The Cumberland Hotel, in Station Road, was built as a commercial hotel in 1901.
Offers are invited on the property, which also includes an 80-cover restaurant and a 185-guest ballroom with sprung dancefloor.
According to an advert on Business Sales Online.com, it has been on the market for £1.5 million.
The hotel, which also includes a self-contained owner’s flat, last changed hands in 1993.
It was owned by local businessman James McTear.
In 2010 outline planning permission was secured to add an additional 16 letting bedrooms to the property, but this has now lapsed.
Robert Smithson, associate director in Colliers’ Hotel Agency team, said: “The Cumberland Hotel is a prominent building at the entrance to the town centre of Workington, across the road from the train station.
“It has previously traded well bringing in trade from a wide range of customers from tourists, function trade and commercial travellers.
“There’s lots of opportunities for the property, whether it could reopen as a hotel business, or be purchased for redevelopment into housing potentially for private, affordable or residential care subject to the relevant planning consents.”
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