WELL-KNOWN LICENSED RESTAURANT, TAKEAWAY AND ACCOMMODATION IN AFFLUENT EDGE OF LAKE DISTRICT MARKET TOWN CENTRE
- ESTABLISHED BUSINESS OVER 10 YEARS WITH EXCELLENT REPUTATION
- 999 YEAR LONG-LEASEHOLD RESTAURANT INCLUDING 4NR BEDROOM MAISONETTE ABOVE
- WILL ALSO SELL BUSINESS AND LET ENTIRE PROPERTY
- IMPOSING 4-STOREY BUILDING ATTRACTIVELY LOCATED AMONGST WINE BARS/BISTROS/SHOPS
LOCATION The property is located on Market Place in the historic centre of Cockermouth, an attractive market town on the edge of the Lake District National Park. Other occupiers include a strong mix of local, regional and national traders including a Sainsbury’s supermarket. Cockermouth is approximately 30 miles west of Carlisle, 10 miles west of Keswick and 35 miles from access to the M6 Motorway at Junction 40. The town is a popular tourist centre due to its proximity to the Lake District with an affluent catchment area servicing the niche nuclear industry along Britain’s Energy Coast.
The subject property comprises a ground floor restaurant in an attractive Grade II listed mid-terraced building with a self-contained 4-bedroom maisonette/apartment across the upper floors. The restaurant seats approximately 50 covers. There are terraced gardens at the rear with a high level patio/sun terrace.
All mains services are connected to the property including water, electricity, drainage and gas. A fire alarm serves the entire property with intruder alarm for the restaurant.
The 999 year long-leasehold interest in the property is offered for sale.
Council Tax Band B
Interested parties should make their own enquiries of the Valuation Office Agency at www.voa.gov.uk.
The business has been successfully trading as a restaurant and takeaway for over 10 years. Highly regarded throughout the region, the business opens Tuesday – Sunday 5pm – 9pm (closed Monday) seating up to 50 covers.
The business employs 4 full-time staff, plus the owner and various part-time workers benefitting from a 7 day premises license between 11:00 – 00:30. A 5 star food hygiene rating has been awarded.
The restaurant is fully fitted with fixtures and fittings included in the price. There are no items on lease or hire purchase. Stock is available separately.
A rare opportunity to acquire what is an established highly profitable business ready to immediately walk into without any further expenditure.
Financial accounting statements are available to view by bona fide interested parties following prior inspection of the property.
£700,000 for the 999 year long-leasehold interest including fixtures and fittings or £35,000 per annum to rent. Stock available separately at valuation.
VAT is not applicable to this sale.
Strictly by appointment only.
The property comprises the following approximate areas:-
995 sq ft (92 sq m)
220 sq ft (20 sq m) – with fully fitted commercial appliances and extraction.
2 WC & 2 WHB
1 WC & 1 WHB
4.6m x 4.5m – with modern fitted wall units and integrated appliances.
1.2m x 2.03m
4.6m x 8.5m (max)
3.5m x 2.4m (max)
4.33m x 4.7m
4.6m x 4.03m
1 WC, 1 WHB & 1 Double Shower
1 WC, 1 WHB & 1 Double Shower
8.22m x 5.92m (max) – with bathroom – 1 WC, 1 WHB & 1 bath
50 sq ft (5 sq m) – with elevated terraced garden area beyond and high level patio
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Last updated: 30th May 2019 - 12:16 pm