Cafe for sale

Grants of Castlegate, Castlegate, Penrith, CA11 7HY

Offers in Region of £350,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes

Full description

Tenure: Freehold

54 Castlegate started life in the 1830s as the Lowther family's ''townhouse''. With the expansion of Penrith's town centre the premises' central location was soon recognised as it became a retail shop including a printers, shoe shop and tea room as well as an art gallery before becoming a restaurant in the 21st Century. A lovely character property standing on the fringe of Penrith's retail area, the restaurant combines a modern contemporary feel with the character you would expect in a market town like Penrith and is fully equipped to the highest standard as well as having a separate and self contained apartment for either resident owners or staff.

The Eden Valley is an exhilerating mix of vibrant communities, stirring landscapes and relaxing rural tranquility and at its heart lies the historic market town of Penrith. Travellers from Roman times to the days of the construction of the M6 Motorway have enjoyed its hospitality but it is best known as being the northern ''Gateway to The Lakes''. Indeed, the Lake District National Park is certainly the best known rural tourism destination in the country attracting many thousands of tourists over an ever-increasing holiday season and it is these visitors as well as the wider local community which form the backbone of the trade at Grants of Castlegate.

The property was acquired by the present owners in 2004 and they immediately set about a complete re-modelling and refurbishment at a cost of 100,000 to form ''Grants of Castlegate''. They added the conservatory-style extension to the restaurant area as well as forming a completely new catering kitchen and since opening have established an excellent reputation for good quality food and service. Having enjoyed their time at 54 Castlegate, the owners now intend to retire.

THE PROPERTY

Built of local Eden sandstone and with a slate roof, the accommodation is laid out on ground and two upper floors.

PUBLIC AREAS

Loonge/bar area with tiled floor and set to seat 20 very comfortably. Steps up (with disabled chair lift) to the restaurant to seat 22 and having a tiled floor and incorporating a conservatory extension. Bar servery in a modern overhang-style. External al fresco dining area (8-10).

OWNERS'/STAFF FLAT

Separate self contained flat comprising of lounge, kitchen with a range of fitted units. Double bedroom with beamed ceiling and bathroom. Store which could be used as an office or second bedroom.

SERVICE AREAS

Spacious and ergonomically laid out catering kitchen with non-slip floor. Canopy and extraction as well as fluorescent lighting. Further prep. kitchen.

OUTSIDE
Side/rear storage area. Cellar.

SERVICES

Eden District Council at Penrith (01768) 864671.
Mains water, drainage, electricity and gas. Gas-fired central heating to the ground floor. Predominently double glazed.

TRADE

Certified accounts as provided by the owners' Chartered Accountant in the form of a Trading and Profit and Loss Account show trading profits (before finance costs and depreciation) of 26,220 on (net) turnover of 113,932 for the year ended 30 April 2008.

Please note that the business is closed on both Mondays and Tuesdays.

PRICE

Offers around 350,000 are invited for the freehold complete with goodwill and trade contents, but 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.

Nearest stations

  • Penrith (0.2 mi)
  • Langwathby (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Manchester

1 Marsden Street, Manchester, M2 1HW

0161 468 0046 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Penrith (0.2 mi)
  • Langwathby (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Manchester

1 Marsden Street, Manchester, M2 1HW

0161 468 0046 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 228146. 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.

Map data OpenStreetMap contributors.