Americanas Ash Street Bowness-on-Windermere LA23

  • Rental Price £110,000 Per Annum
  • Hotels/Catering,Restaurant/Café
  • 1,147 SQ Feet
  • (107 sqm)
  • 947 SQ Feet
  • (88 sqm)





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Type:
  • Restaurant/Café
Size: 1,147 SQ Feet   (107 sqm)  total 947 SQ Feet (88 sqm) minimum

Well appointed, recently refurbished restaurant in excellent town centre trading position with established take-away use (A3).  Profitable business with a net turnover in excess of £163,000 and with considerable potential for further development of the business.

Americanas occupies an outstanding trading position in the centre of Bowness, one of the principal tourist towns of the Lake District National Park.  The character property, originally an 18th century cottage, has been tastefully refurbished to provide an exciting, contemporary interior with dining accommodation arranged on 2 floors to seat a total of 44.  Ash Street is pedestrianised and is in the very hub of this important tourist location, with a range of other cafes/restaurants, local and national retailers (including Fat Face) nearby.  Further substantial development is taking place in the Town to provide additional shops and apartments which will continue to enhance further this particular location.

 

Bowness-on-Windermere is situated on the shores of Lake Windermere, England's longest lake, and surrounded by Lakeland fells and forest.  The many attractions of this area of the Lake District National Park draw thousands of tourists throughout the year.

 

The Property

Americana's is of traditional construction, built in local stone under a pitched slate roof with external whitewashed walls.  Internally the accommodation is arranged on 2 floors, as follows:

 

­Ground Floor

 

Dining Room - maximum dimensions 6.81m x 3.99m (22'4" x 13'1")

Pleasant dining area with simple contemporary décor including wall lights, ceiling fans and laminate flooring.  Arranged to seat 16, with a net internal area of approximately 23 sq.m. (246 sq.ft.)

 

Kitchen - 2.72m x 2.39m (8'11" x 7'10") plus 2m x 2m (6'7" x 6'7")

Well appointed, modern kitchen facility with stainless steel canopy and extraction.  Equipped with 4-ring gas cooker, gas griddle, fryer, warmer cabinets, etc., plus wash-up area and food preparation area, extending to a net internal area of 10.5 sq.m. (114 sq.ft.)

 

First Floor

 

Dining Room - 3.7m x 3.22m (12'2" x 10'7") plus 3.22m x 3.02m (10'7" x 9'11")

Further spacious dining area, continuing the same simple, contemporary décor/theme, part with high open ceiling and exposed roof timbers, wall lights, ceiling fan and laminate flooring.  Arranged to seat 28 with a net internal area of 32 sq.m. (345 sq.ft.) (including bar and small office)

 

Bar - 2.59m x 2.18m (8'6" x 7'2")

Conveniently positioned and well equipped bar with Velux window, stainless steel washbasin, coffee machine, dishwasher, chiller cabinet, fridge, etc.

 

Office - 2.59m x 1.29m (8'6" x 4'3")

 

WC’s

Smartly presented male and female WC’s.

 

Basement - 3.7m x 3.02m (12'3" x 9'11") and 3.78m x 2.97m (12'5" x 9'9")

2 good sized storage rooms for fridge/freezers and food storage, etc., with low ceiling height.  Net storage area of 22.5 sq.m. (242 sq.ft.)

 

Tenure

The property is held on a 6 year Lease from June 2004 (with a Tenant's option to renew for a further 6 years) on full repairing and insuring terms at an annual rental of £21,600 p.a., exclusive, subject to 3-yearly rent reviews.

 

Rateable Value

We are verbally advised by South Lakeland District Council that the property has a rateable value of £14,500, business rates payable for the year 2007/2008 being £6,438.

 

The Business

The present owners acquired the Lease of the property in 2004 and immediately carried out extensive refurbishment and renovation work which was completed to a high standard to provide the outstanding and very well appointed accommodation now available.  The newly themed restaurant with its popular menu has quickly established the business producing a substantial turnover from only 6 evening openings per week.  In addition to the potential for providing take-away meals, there is considerable opportunity to develop the business with extended hours of opening, etc.  Certified accounts show trading profits (before finance costs, depreciation and motor vehicle expenses) of £42,883 on net turnover of £163,578 for the year ended 5th April 2006.  Accounts for the year ended 5th April 2007 are expected to show an increase in turnover.  Certified accounts will be made available to genuinely interested parties who have first inspected the property.

 

The Business has the benefit of a premises licence.

 

Due to a change in personal circumstances, the current owners regrettably are having to sell this young business with considerable future potential.

 

Price

Offers are invited in the region of £110,000 for the Leasehold interest and business as a going concern, to include goodwill, trade contents (excluding personal items) plus stock at valuation.  An inventory of contents will be made available in due course.

 

Viewings

Strictly by appointment through the Agents, Edwin Thompson LLP, to whom all offers should be made.

 

Directions

Bowness-on-Windermere is situated approximately 8 miles from Kendal on the eastern shore of Lake Windermere.  On entering Bowness from Windermere to the north, proceed down the hill, with shops on either side, to the bottom where there is a mini roundabout.  Ash Street is the pedestrianised street on the lefthand side and Americana's is situated a short distance along on the right-hand side.

 

 



Property reference: edtk999000358