Available
Wigton – Public House with 2-Bed Flat
The Wheatsheaf, Abbey Town, Wigton, Cumbria CA7 4RGFreehold Public House with 2-Bed Flat and Large Parking Investment
Price
£200,000
Rent P.A.
ERV: £18,000
Tenure
Freehold
Area
4,000 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Vacant possession
- ERV: £18,000 p.a. GIY: 9.00%
- Comprises large detached public house
- Total area size 371 sq m (4,000 sq ft)
- Includes three trade spaces, a beer garden, large car park (30 spaces) and a two-bedroom owner’s accommodation, refurbished to a very high standard.
- The only pub in the village of Abbey Town
- Situated on main arterial route (B5302) between Wigton and Silloth, providing great vehicular traffic and passing cyclists
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The Wheatsheaf Inn is one of 14 Redfern Public Houses which were built in the 1930's by Harry Redfern. He was responsible for designing, in an imaginative and varied manner, a number of notable public houses in the Carlisle district under the auspices, as chief architect, of the Home Office State Management Scheme (SMS). The SMS built fourteen New Model Inns to Redfern's designs, with a strong theme of the Arts and Crafts movement. He was commemorated towards the end of his work for the SMS by the naming of the Redfern Inn (1938), one of the distinctive New Model Inn designs, in Etterby, a district of Carlisle. The Wheatsheaf although modernised and extended by the current owners is still a Redfern Pub, with its recognisable Mansard roof and dormer windows.
The property benefits from three trade spaces, a beer garden, large car park (30 spaces) and a two-bedroom owner’s accommodation.
The property benefits from three trade spaces, a beer garden, large car park (30 spaces) and a two-bedroom owner’s accommodation.
Location Description
Abbeytown, also known as Holme Abbey, is a village and civil parish in the Allerdale borough of Cumbria, England. The property is located on the junction with road B5302 towards Wigton/Seaside and national cycle route 72, providing a lot of tourist and local traffic. Occupiers nearby including convenience store and petrol station.