The Priest Hole, Church Street, Ambleside LA22 0BU

The Priest Hole is part of one of the oldest buildings in Ambleside and dates in part from the 16th Century and is full of character and the original features create a wonderful atmosphere within the restaurant.  The substantial building seats 65 inside in two restaurant areas with a further 30 on the outside terrace.  Held on a new renewable secure commercial lease the premises are well organised with everything you would expect of a busy restaurant of this size including a large well equipped commercial kitchen and bar, air conditioning in one of the dining rooms.  The outdoor terrace is a valuable asset within the village and is partially covered by a large umbrella with heat lamps and lights.  Private parking for two vehicles.

A great chance to acquire an established going concern restaurant which trades all year round.  In addition to the strong visitor trade there is an established local clientele.  Sample menus can be found under the businesses website

The Priest Hole occupies a prominent position in a prime trading location in the centre of the popular Lake District village of Ambleside.  Well known for its natural beauty and being at the “hub” of the Lake District for visitors it is an increasing popular base for a range of outdoor activities and shopping attracting visitors from all corners of the globe 12 months a year. 

Business

The business has been trading under the same ownership for some 14 years and is a popular restaurant in Ambleside and has a well established turnover to match. Trading accounts will be made available to genuinely interested parties after a viewing. The business is held on a secure new renewable commercial lease with 12 years remaining. The passing rent is £38,722 per annum on a full repairing and insuring lease and with rent reviews every 3 years.

Viewings

The Priest Hole is a fully operational business, therefore all viewings are to be undertaken strictly by prior appointment with the agents.  

Rateable Value

£21,250. Amount payable £6,362. This could be reduced to ZERO if the purchaser is entitled to Small Business Rates Relief. More details can be obtained from Westmorland and Furness District Council .

Services

Mains water, electric, gas and drainage. 

Tenure

Leasehold 

Directions

From Ambleside office turn left on to King Street then left again on to Church Street and The Priest Hole can be found at the top of the street on the left.
What3words//////offhand.movements.money

Anti Money Laundering Regulations (AML) 
Due to the Money Laundering Regulations, now officially known as Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 we are required to follow government legislation and carry out identification checks on all purchasers. We use a specialist third party company to conduct these checks at a charge of £40 + VAT per buyer once an offer has been accepted and you will be unable to proceed with the purchase of the property until these checks have been carried out. This charge is non-refundable.