Restaurant/cafe for sale in Three Crowns Yard, Penrith CA11

Café / tearoom
• Family run tea-room with 26 covers
• Pleasant semi-pedestrianised location in town centre
• Edge of Lake District market town
• Trading just below VAT threshold
• New lease available

Overview
A popular and well-known local family run tea-room which was established in 1990 and has been run under the same proprietorship since 2005. The business offers breakfasts, coffee, lunches and snacks using all homemade local produce. Normal opening hours are 9.30am to 4.30pm Monday to Saturday. It trades just under the VAT threshold. Full accounts will be made available to bona fide applicants, normally 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, Morrison’s, B & Q, Booths, Sainsbury’s, Aldi, W H Smith, Boots and Sports Direct. The property lies in a pleasant location on a throughfare between various car parks and the town centre.

Description
Ground floor lock up unit being part of a two storey sandstone property.

Accommodation
Tea Room, 4.57m x 9.36m, including tables and chairs for 28 covers, spotlights, stone surround feature fireplace with range, servery, fridge, freezer, worktop, cold display cabinet and undercounter shelving.

Kitchen, 1.69m x 2.56m, with strip light, shelving, units, stainless steel sink units, worktops and electric cooker.

WC with wash hand basin.

Outside area to place tables and chairs for 4 additional covers.

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

Services
We are advised that mains water, electricity 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 property is held on a lease. The landlord has indicated that a new 10 year lease at £8,000 per annum with a 5 year review would be available to a buyer.

Costs
The ingoing tenant will be expected to pay the landlord’s reasonable legal costs in connection with 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: £4,650

The property qualifies for 100% small business rates relief.

Fixtures & 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.

Energy Performance Certificate
This property’s current energy rating is D. A copy of the EPC is available on our website.