Businesses For Sale

BUSINESS
RENOWNED RESTAURANT FOR SALE
FOR SALE
BAMBOO, 16 MARKET
PLACE, COCKERMOUTH
£875,000
WELL KNOWN HIGHLY PROFITABLE LICENSED
CHINESE RESTAURANT & TAKEAWAY IN POPULAR
EDGE OF LAKE DISTRICT MARKET TOWN CENTRE
 ESTABLISHED BUSINESS APPROACHING 10 YEARS WITH
COUNTY-WIDE REPUTATION
 999 YEAR LONG-LEASEHOLD RESTAURANT WITH 4NR
BEDROOM MAISONETTE ABOVE
Walton Goodland
10 Lowther Street, Carlisle CA3 8DA
T: 01228 514199 F: 01228 594303
[email protected]
www.waltongoodland.com
 IDYLLIC LOCATION FRONTING ATTRACTIVE MARKET PLACE
AMONGST WINE BAR, BISTRO, SHOPS
 IMPOSING 4 STOREY BUILDING IMMACULATELY
FITTED OUT TO HIGH MODERN SPECIFICATION
BAMBOO
16 MARKET PLACE
COCKERMOUTH
CA13 9NQ
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.
First Floor
Kitchen
-
Store
Living Room
-
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.
Second Floor
Bedroom 1
Bathroom
-
Bedroom 2
Bathroom
-
Bedroom 3
-
Third Floor/Attic
Bedroom
-
8.22m x 5.92m (max)
With bathroom – 1WC, 1 WHB &
1 bath
Outside
External store
-
50 sq ft
(5 sq m)
With elevated terraced garden
area beyond and high level patio
ACCOMMODATION
The property comprises the following approximate areas:-
4.6m x 4.5m
With modern fitted wall units and
integrated appliances.
1.2m x 2.03m
4.6m x 8.5m (max)
3.5m x 2.4m (max)
1 WC, 1 WHB & 1 Double
Shower
4.33m x 4.7m
1 WC, 1 WHB & 1 Double
Shower
4.6m x 4.03m
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.
RATEABLE VALUE
RV £4,900 - Interested parties with no other commercial
premises and who are entitled to Small Business Rates Relief
will not pay any Business Rates.
Ground Floor
Restaurant
Kitchen
Ladies
Disabled/Gents
-
-
995 sq ft
(92 sq m)
220 sq ft
(20 sq m)
With fully fitted commercial
appliances and extraction.
2 WC & 2 WHB
1 WC & 1 WHB
[email protected]
Council Tax Band B.
Interested parties should contact the Valuation Office Agency
at www.voa.gov.uk.
TENURE
The 999 year long-leasehold interest in the property is offered
for sale.
BUSINESS
The business has been successfully trading as a Chinese
restaurant and takeaway for approaching 10 years. Highly
regarded throughout the region, the business opens Tuesday
– Sunday 5pm – 10pm seating up to 50 covers.
The business employs 8 part-time staff including the two
owners and benefits 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 with
everything owned by the vendors.
Stock is available
separately.
VIEWINGS
Strictly by appointment through the sole selling agent:
Walton Goodland
10 Lowther Street
CARLISLE
CA3 8DA
T: 01228 514199
E: [email protected]
THE OFFER
This is a rare opportunity to acquire what is an established
highly profitable business ready to immediately walk into
without any further expenditure.
The existing owners are looking to relocate to a regional city
within the UK but would be prepared to help assist a new
purchaser by initially working alongside them to ensure a
smooth transition of the business.
Financial accounting statements are available to view by bona
fide interested parties following prior inspection of the property.
PRICE
£875,000 for the 999 year long-leasehold interest including
fixtures and fittings but with stock available separately at
valuation.
NOTE
Some properties in Cockermouth town centre were
recently affected by severe flooding experienced across
Cumbria in December 2015.
Please note that this property DID NOT flood.
VAT
VAT is not applicable to this sale.
www.waltongoodland.com
BAMBOO
16 MARKET PLACE, COCKERMOUTH
Walton Goodland Reproduced by kind permission – Ordnance Survey License No ES847860
Crown Copyright Reserved – For Identification Purposes Only - Not to Scale
Walton Goodland act as agents for the Vendors of this property. No person in their employment has any authority to make any representations of
warranty whatsoever in relation to this property. All information and measurement in these details are given in good faith, are approximate and whilst
every effort has been made to ensure accuracy this cannot be guaranteed. These details do not form part of any contract.
All rent and premiums and purchase prices quoted herein are exclusive of VAT, which may be due. All offers made to Walton Goodland are to be made
on that basis and where silent offers will be deemed to be net of VAT
W407 Printed by Ravensworth Digital 0870 112 5306
Walton Goodland
10 Lowther Street, Carlisle CA3 8DA
T: 01228 514199 F: 01228 594303
[email protected]
www.waltongoodland.com