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16 Market Place, Cockermouth

Cockermouth, CA13 9NQ

Walton Goodland

agency@waltongoodland.com 01228 514 199
16 Market Place, Cockermouth
16 Market Place, Cockermouth
16 Market Place, Cockermouth
16 Market Place, Cockermouth
16 Market Place, Cockermouth

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

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.

Floor Plans & EPC

DESCRIPTION

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.

SERVICES

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.

TENURE

The 999 year long-leasehold interest in the property is offered for sale.

COUNCIL TAX

Council Tax Band B

RATEABLE VALUE

£6,100

Interested parties should make their own enquiries of the Valuation Office Agency at www.voa.gov.uk.

BUSINESS

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.

THE OFFER

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.

PRICE

£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

VAT is not applicable to this sale.

VIEWINGS

Strictly by appointment only.

ACCOMMODATION

The property comprises the following approximate areas:-

GROUND FLOOR

Restaurant

995 sq ft (92 sq m)

Kitchen

220 sq ft (20 sq m) – with fully fitted commercial appliances and extraction.

Ladies

2 WC & 2 WHB

Disabled/Gents

1 WC & 1 WHB

FIRST FLOOR

Kitchen

4.6m x 4.5m – with modern fitted wall units and integrated appliances.

Store

1.2m x 2.03m

Living Room

4.6m x 8.5m (max)

SECOND FLOOR

Bedroom

3.5m x 2.4m (max)

Bedroom

4.33m x 4.7m

Bedroom

4.6m x 4.03m

Bathroom

1 WC, 1 WHB & 1 Double Shower

Bathroom

1 WC, 1 WHB & 1 Double Shower

THIRD FLOOR/ATTIC

Bedroom

8.22m x 5.92m (max) – with bathroom – 1 WC, 1 WHB & 1 bath

OUTSIDE

External Store

50 sq ft (5 sq m) – with elevated terraced garden area beyond and high level patio

Arrange a viewing

Last updated: 30th May 2019 - 12:16 pm