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COMMERCIAL

The Priest Hole, Church Street, Ambleside LA22 0BU

Guide Price
£125,000
Matthews Benjamin, Ambleside
PROPERTY TYPE

Retail Property (high street)

BATHROOMS

1

SIZE

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Key features

  • A superb restaurant in the heart of Ambleside
  • Same owner for 14 years
  • Fully operational and well established eatery.
  • Renewable secure commercial lease, 12 yeas remaining
  • Strong visitor and and local clientelle
  • Seating inside for 65 over two levels
  • Outdoor seating facility for 30 guests on a delightful terrace.
  • Well equiped kitchen.
  • Licenced bar area.
  • Parking for two vehicles.

Description

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.
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Brochures

Brochure 1

Energy Performance Certificates

EPC 1

The Priest Hole, Church Street, Ambleside LA22 0BU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Windermere Station4.3 miles

About Matthews Benjamin, Ambleside

Loughrigg Villa Kelsick Road, Ambleside, LA22 0BZ

Established in Windermere in 1993 Matthews Benjamin has earned an excellent reputation based on trust, expertise and care that has been developed from a local family business run by people with an extensive property knowledge and love of the local area. In 2006, Matthews Benjamin expanded and set up the Fine & Country network for prestigious properties across the South Lakes and North Lancashire.

Residential Sales

Today, we have proudly established a stronghold of offices across the Lake District and North Lancashire, offering quality services for residential sales. Our dual branding of Matthews Benjamin and Fine & Country has allowed us to create a specialist synergy between all levels of the market and we are proud of our unrivalled reputation. We are strategically set in key locations to facilitate the sale and purchase of residential properties within a significant part of the North West region. The Lake District National Park, a UNESCO world heritage site, part of the Yorkshire Dales National Park, the Arnside and Silverdale and Forest of Bowland Areas of Outstanding Natural Beauty; our property portfolio arguably covers some of the most beautiful places in England. From the 17th century farmsteads of the Lyth Valley to stunning barn conversions in the Lune Valley, traditional Lakeland terraces, quintessential cottages and Georgian townhouses to state of the art contemporary homes, we cover the whole market with our unparalleled and bespoke marketing approach, high levels of professional service and selling skills.

Commercial Sales and Lettings

We also sell freehold and leasehold interests in a wide range of commercial enterprises – shops, offices and industrial units as well as restaurants, cafes and bars, hotels, guest houses and bed & breakfast establishments.

Residential Lettings

In 2018, we expanded further into residential lettings and property management. Both Matthews Benjamin and Fine & Country now offer prestigious lettings services to landlords and tenants alike from all of our offices. A highly experienced team of local experts provides professional, honest and straight forward service designed to ease the stresses behind letting and managing a property.

With offices in Ambleside, Windermere and Lancaster, contact us today to arrange a valuation of your property, or browse our current properties for sale.

Notes

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Disclaimer - Property reference S1432375. 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 Matthews Benjamin, Ambleside. 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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