POPULAR CAFE / RESTAURANT For Sale

Business description

Attractive dining area, Charming setting, Spacious 1st floor with potential for 2 Bed accommodation, Adv. T/O c£88k and GP70%. Excellent Opportunity with enormous scope to introduce Bistro evenings and further menu enhancement. 10yr lease until 2012 with a rental of c£12k p.a. Fantastic Opportunity. SERIOUS OFFERS INVITED.

Property information

Property:

Leasehold

Lease terms:

Leasehold with the balance of a 10-year lease from 2002. Current rent is £12,000 p.a.

Location:

Penrith is a bustling market town in the heart of the Eden valley, renowned for its wealth of specialist shops offering an interesting choice of goods and fine foods. Once the capital of Cumbria it has sandstone buildings that hide intriguing lanes, yards and alleyways, leading to attractive cottages, gardens and curious little shops. It is an important shopping centre, with a good mix of traditional shops and sophisticated arcades. A legendary giant and King of All Cumbria, is said to be buried in the giant's grave at St. Andrews Churchyard. The Eden Valley is nestled close to the English Lake District, The Yorkshire Dales National Park and the North Pennines Area of Outstanding Natural Beauty. Situated within a two-hour drive of several international airports, it is easily found, between Junctions 38 and 41 of the M6 Motorway. There are a number of heritage sites that include Neolithic Stone Circles, Bronze Age Settlements, Roman forts, magnificent castles, ancient Churches, Historic Houses and beautiful gardens.

Other information

Expansion potential:

We have also been informed that 1st floor of the property is currently hired out for local meetings and night classes, but feel it could easily be converted into a second dining area with another 50covers or spacious open-plan owners accommodation.

Reasons for selling:

QUICK SALE NEEDED DUE TO ILL HEALTH

Trading hours:

Monday – Saturday 10 a.m. to 5 p.m.