• Grade II Listed tea room and gift shop with 22 covers
• Lovely long-established lifestyle business
• Includes spacious 2 bedroom flat
• Delightful location just off the main shopping street
• Popular edge of Lake District market town
• Property held on lease
Opportunity to acquire lovely long-established lifestyle business including tea room and gift shop in charming edge of Lake District market town with 2 bedroom living accommodation. The business offers a good selection of teas, coffees, soft drinks, snacks, breakfasts, lunches, afternoon teas and home cooked meals and attracts local custom as well as the many visitors to Penrith. Normal trading hours are 9.30am to 4.30pm Tuesday to Sunday and it operates with a proporietor and one part time employee. It was acquired by the current owner in 2016 who is now seeking to retire. Takings are around £500 per week. Full accounts will be made available to bona fide applicants, normally after viewing.
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, Morrison’s, B & Q, Booths, Sainsbury’s, Aldi, W H Smith, Boots and Sports Direct. The business is situated in a delightful location overlooking St Andrews Churchyard along a pedestrian pathway just off the main shopping street.
Dining and Shop Area (12.49m x 3.92m) with tables and chairs for 22 covers, 2 comfy chairs, serving counter including coffee making machine, display cases and shelving.
Ladies and Gents Toilets.
Catering Kitchen (4.95m x 1.95m) with stainless steel deep sink unit, non slip floor, stainless steel worktops and range of equipment including 6 ring gas range, fridges, freezers, toaster, fryers, griddles and microwaves.
Landing with Office Area.
Living Room/ Dining Room/ Kitchen (5.28m x 5.99m) with panel wall dividing kitchen area including worktops, wall and base units, electric cooker point, plumbing for washing machine and stainless steel sink unit.
Bedroom 1 (2.65m x 3.32m) with hatch to boarded attic.
Bedroom 2 (4.26m x 2.94m)
Shower Room with shower cubicle, WC and wash hand basin.
To the rear is a customer Outside Seating Area with 2 tables and 10 seats plus two timber Sheds for additional storage.
All references to areas and dimensions are deemed to be approximate.
We are advised that mains water, electricity, gas and drainage are connected to the property. It has gas central heating. No warranty is given regarding the working order of any appliances or services referred to in these particulars.
The property is held on a 12-year lease expiring on 15 January 2021 at a current rent of £12,000 per annum. We are advised the landlord will be prepared to grant a new lease to a buyer of the business.
Note that these are the main extracts from the lease as a guide only and a purchaser/ tenant must satisfy himself of all provisions by inspecting a copy of the lease.
The purchaser/ ingoing tenant will be expected to pay the landlords and lessees reasonable legal costs in connection with the assignment of the lease or the landlords costs in connection with a new lease. Each party will bear their own legal costs incurred in the transaction.
Description in list: Café & Premises
Rateable Value: £6,500
Council Tax: Band A
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.