Restaurant/cafe for sale in 46 Burrowgate, Penrith CA11

Guide price £10,000
Restaurant/cafe for sale
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Property description

Town centre cafe / tea room


• Charming catering business with seating for 36
• Character Grade II Listed 17th century premises
• Excellent town centre position
• Local and visitor custom
• Edge of Lake District market town

Overview
A traditional coffee shop, tea room and diner business conveniently situated in the centre of a popular edge of Lake District market town. It has been established many years having been acquired by the current proprietor in 2005 who is now looking to retire. It is currently open 8.00am to 3.00pm Monday to Saturday with a range of local and visitor custom and 3 part time staff. This is an excellent opportunity for someone seeking an easy run self employed business. It trades below the VAT threshold. Trading information will be made available to bona fide applicants, after viewing.

Location
Penrith is a market town located on the north east fringe of the Lake District with a population of around 16,000 and catchment population of around 45,000. It has excellent transport links being at the junction of the M6 motorway and the A66 trans-Pennine trunk road and has a Station on the west coast main line linking London and Glasgow. Major retailers in the town include Argos, Morrisons, B & Q, Booths, Sainsburys, Aldi, W H Smith, Boots and Sports Direct. The property is situated in the town centre fronting Burrowgate which has a range of shops and pubs.

Description
The business trades from a two-storey terrace stone premises dating back to the 17th century.

Accommodation
Ground Floor
Seating Area (4.80m x 4.47m) with tables and chairs for 16 covers, ornamental range, exposed timber beams and serving area with display cabinet.

Kitchen (3.72m x 3.63m) with tiled floor, fluorescent lights, extractor, stainless steel double basin sink unit, gas hob and oven, fridges and freezers and range of other equipment to be included in an inventory.

First Floor
Seating Area (4.80m x 4.47m) with tables and chairs for 20 covers, ornamental stone fireplace and exposed timber beams.

Staff and Customer Toilet with wc and wash hand basin.

Store Room (1.80m x 3.58m).

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
The landlord is prepared to grant a new lease of up to 10 years at a rent of £6,034 per annum, subject to contract, and the landlord’s approval of the new tenant.

Costs
The purchaser/ ingoing tenant will be expected to pay the landlord’s and lessees reasonable legal costs in connection with the assignment of the lease. Each party will bear it’s own costs in connection with the transfer of the business.

Rates
Description in list: Café & Premises
Rateable Value: £4,050

The property qualifies for 100% small business relief

Fixtures and Fittings
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.
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For more information about this property, please contact
Mere Commercial, CA11 on +44 1768 257962 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mere Commercial, and do not constitute property particulars. Please contact Mere Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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