• Busy 54 cover all day bar and restaurant with outside seating
• Popular bustling central Lake District tourist town
• Prominent town centre dining and drinking venue
• Freehold includes two 2-bedroom and one 1-bedroom self contained flats on upper floors
• Bar restaurant business also available separately on a leasehold basis
Keswick is a busy tourist town situated in the Lake District National Park about 18 miles west of Penrith and junction 40 of the M6 Motorway via the A66. It lies adjacent to Derwent Water, surrounded by stunning Lakeland fells and provides a range of shops, hotels, restaurants, pubs and other tourist related businesses and facilities. The resident population is around 5,600 but the tourist season in the town now lasts for most of the year providing a substantial non-resident population. Major retailers include, George Fisher, Boots, Blacks, and Edinburgh Woollen Mill. Lakes Bistro is located on Station Road in a prime trading position in Keswick town centre.
Lakes Bar and Bistro is a busy and popular all day dining and drinking venue which was acquired by the current owners in 2007 when it traded as Rembrandt Restaurant. It underwent major refurbishment and rebranding to Lakes Bar and Bistro in 2011. It is open daily between 10.00am and 11.30pm and operates with 9 full and part time staff. It has a full premises licence. We are advised that sales for the year 2017/18 were £285,328 net of VAT. Full accounts will be made available to bona fide applicants, normally after viewing.
An imposing 3 storey Lakeland stone building with a restaurant bar and catering kitchen on the ground floor and 3 upper floor flats suitable for holiday, staff or long term letting with separate access via outside stairs and a roof terrace. The accommodation includes:-
Bar/ Restaurant, (8.77m max x 9.91) with tables and chairs for approximately 54 covers plus outside seating for about 12, bar servery, air conditioning, flat screen TV and feature stone wall;
Ladies, Gents and Disabled Toilets;
Catering Kitchen, (5.97 x 3.32m) with stainless steel worktops, extractor,tiled walls, non-slip floor and is fully equipped in accordance with an inventory to be provided;
Store/Prep Area (7.79m x 2.90m) with non-slip floor; walk in utility; beer cellar and walk in fridge off.
First Floor Flat
Living Room (4.88m x 4.74m) leading to;
Bedroom 1 (3.17m x 4.75m);
Bedroom 2 (3.89m x 3.22m) with built in wardrobe;
Kitchen (2.63m x 2.70m) with wall and base units and plumbing for washer leading to;
Bathroom with bath, shower, WC and wash hand basin.
Second Floor Flat 2
Living Room (3.95m x 4.74m) open to;
Kitchen (3.94m x 2.95m) with wall and base units and plumbing for washer;
Bedroom 1 (3.63m x 3.14m);
Bathroom with bath having shower over, WC and wash hand basin; Bedroom 2 (3.32m x 4.65m).
Flat 3 (with separate access from roof terrace)
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. No warranty is given regarding the working order of any appliances or services referred to in these particulars.
The whole property is offered freehold with the business.
Alternatively, the bar and restaurant business is offered for sale separately with the purchaser taking a new lease of the ground floor subject to agreement of terms.
The flats are let from time to time on Assured Shorthold Tenancies at rents of £550 pcm for each of Flat 1 and 2 and £300 pcm for Flat 3.
Description in list: Restaurant and Premises
Rateable Value: £27,500 (2017 List)
Council Tax: Flat 1 & 2 Band B
The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.
Goodwill, Fixtures & Fittings
Included in the sale is goodwill and 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.
Is accommodation included?:
New lease at rent of £22,000 per annum