Lakeland Gate Brewers Fayre, located beside the Premier Inn at Walkmill Crescent, is being marketed for £500,000 as a going concern.
The family-friendly pub restaurant forms part of Whitbread’s wider restructuring programme, which will see the company move away from its Beefeater and Brewers Fayre brands and focus on its hotel business.
Property agents Christie & Co describe the site as occupying a “prime roadside location” and highlight its direct link to the adjoining 66-bedroom Premier Inn, which provides a regular flow of customers.
The restaurant offers around 220 indoor covers and 75 outdoor covers, along with a children’s play area, extensive parking and manager’s accommodation.
Earlier this year, Whitbread announced plans to close, convert or dispose of nearly 200 branded restaurant sites across the UK and Ireland as part of a major business overhaul.
The company said the move could affect around 3,800 jobs and followed a review of its long-term strategy amid rising operating costs.
A Whitbread spokesperson said: “We recognise the impact of this proposal on colleagues who work at the affected sites. As a business which recruits around 15,000 people every year, we expect to be able to retain a significant proportion of those affected and will be looking to redeploy as many of our impacted colleagues as possible.
“However, we do anticipate that the proposed changes, which are subject to consultation, would result in a reduction of around 3,800 roles of a total UK and Ireland workforce of around 30,000. We will do all we can to support those colleagues affected.”
Whitbread has confirmed that several Cumbrian sites are among those earmarked for closure as part of the national programme.
At the time, Whitbread chief executive Dominic Paul said the company believed an integrated food and drink model better suited Premier Inn guests.
He said: “We always challenge ourselves to improve and, in light of significant cost increases in the form of business rates and national insurance, as well as the implied market discount to our inherent value, we’ve looked hard at the options open to us to maximise value creation over the medium and long-term.”
He added that the company planned to become a “higher-margin, higher-returning pure-play hotel business.”
“We’re going to go further and faster to deliver a great experience for our guests and high-quality growth and returns for our shareholders,” he said.