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Lakes Bar & Bistro, Station Street, Keswick, CA12 5HH

Offers in Region of
£750,000

Business rates & charges may apply

Colliers International (Hotels), Manchester
SIZE

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SECTOR

Restaurant for sale

Description

The Lakes Bar & Bistro in one of Keswick's most well-known eating houses and is much patronised by locals and visitors alike. Occupying a superb trading position in the fringe of Keswick's vibrant retail area, it is also close to Keswick's many guest houses and bed and breakfasts which help to provide a wealth of custom to this substantial business. Built in classic Victoria-style around the time that the railway came to Keswick, the restaurant is attractively laid out and benefits from one bedrooms owner's/manager's flat. Additionally, there are two particularly spacious self-catering flats which have been successfully let over many years and which add significant additional income to this delightful property.

Ringed by watchful fells and set beside the magical scenery of Derwentwater - The Queen of The Lakes - Keswick attracts many thousands of visitors each year to this glorious area. The town has a fascinating history, from the founding of St Kentigens Church and the 17th Century charter market to the Neolithic stone circle at Castlerigg just outside the town which actually pre-dates Stonehenge. Keswick is also at the entrance to Borrowdale, reputed to be England's most beautiful valley, while at its head lies Honister Pass and the road over the oft-forgotten lakes of Buttermere, Crummock and Loweswater, all of which make Keswick an all year round destination.

The Lakes Bar & Bistro was acquired by the present owner in 2007 and he immediately closed the business for a complete refurbishment and re-configuration. The business now boasts 40 covers within the main building to which are added additional seating externally during the summer months. During his stewardship, he has seen the turnover and profits increase significantly. Now approaching retirement age, the owner is looking to sell the business in order to enjoy his retirement.

THE PROPERTY

This imposing property is constructed of local Lakeland stone under a pitched slate roof. To the rear there are rendered elevations with some areas of flat roof.

PUBLIC AREAS

Bar/restaurant to seat approximately 40, having a bar server, air conditioning and feature stone wall. Modern ladies, gents and disabled WCs.

OWNER'S/MANAGER'S FLAT

This is reached by a separate access to the rear and comprises of lounge, fitted kitchenette and double bedroom with shower room.

SERVICE AREAS

Substantial catering kitchen with tiled walls, non-slip floor and canopy and extraction. Store/prep. area, again with non-slip floor and walk-in utility area. Beer cellar and walk-in fridge.

SEPARATE SELF-CONTAINED APARTMENTS

Both apartments are reached from the rear of the property by private entrance.

Apartment 1 - Lounge/dining room with attractive bay windows. Kitchen with a range of fitted units and bathroom with three piece suite. Two double bedrooms.

Apartment 2 - Second floor apartment with lounge, kitchen/dining room with a range of fitted units and two double/twin bedrooms and bathroom with three piece suite.

OUTSIDE
There is a substantial forecourt which provides seating for up to 12. At the rear there is a single parking space and courtyard. At first floor level at the rear, there is a private roof terrace which gives access to the three flats.

SERVICES

Allerdale District Council at Workington (01900) 326333. Mains water, drainage, electricity and gas. Gas-fired central heating.

LICENCE

Premises Licence

WEBSITE

www.lakesbarbistro.co.uk

TRADE

Certified accounts from the owner's Chartered Accountants in the form of a Trading and Profit and Loss Account show trading profits (before finance costs and depreciation) of £93,019 and (net) turnover of £392,218 for the year ended 28 February 2014.

PRICE

Offers around £750,000 are invited for the freehold complete with goodwill and trade contents (according to inventory) excluding personal items. Stock at valuation.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW

All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Lakes Bar & Bistro, Station Street, Keswick, CA12 5HH

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Aspatria Station13.5 miles

Notes

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Disclaimer - Property reference 224318. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Colliers International (Hotels), Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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