Carigiet Cowen Chartered Surveyors — expert, efficient and personal serviceRegulated by RICS

About this property:

**FREEHOLD BUILDING AND BUSINESS FOR SALE**
*SALE OF THE BUSINESS AND LETTING OF THE BUILDING*

* PROMINENT TRADING POSITION *
* LONG ESTABLISHED RESTAURANT PREMISES *
* SELF-CONTAINED RESIDENTIAL ACCOMMODATION ABOVE *
* 100% BUSINESS RATES RELIEF ATTAINABLE *

LOCATION
Bamboo is located on Market Place linking to Castlegate which follows on to Main Street. Market Place is a popular section of Cockermouth town centre.

DESCRIPTION
16 Market Place is a Grade II listed mid terraced building arranged over three storeys.

The building is a rectangular shape with attractive frontage and DDA accessibility to the restaurant. An extension has been added to the rear and an external area to the rear of the building includes a raised garden area, external storage and bin storage.

Internally the ground floor is a largely open plan restaurant with 60 cover capacity seating area with a large conservatory to the rear along with a bar, kitchen and toilets including disabled.

The first and second floors plus attic accommodation are fully residential with self contained access and meters. The first and second floor comprises 4 double bedrooms, 2 bathrooms and a kitchen with the attic floor providing a further bedroom with en-suite and storage.

Disc zone pull in pull out parking is available to the front of the premises, and pay and display parking is near by.

AREAS/ACCOMMODATION
Net Internal Area: 2,973 sq ft (276.18 sq m)
Comprising: -
Ground Floor Restaurant 1,415 sq ft (131.45 sq m)
First Floor Residential: 528 sq ft ( 49.04 sq m)
Second Floor Residential: 537 sq ft ( 49.86 sq m)
Attic Area: 493 sq ft ( 45.83 sq m)

SERVICES
Mains water, gas, electricity and drainage are connected to the property. Separate meters for commercial and residential parts are in place.

BAMBOO RESTAURANT
The current owner set up and established Bamboo from 2007. The business has therefore been trading in the town for around 18 years. Consistent profitable accounts are available via the agent after viewing. This is an exciting opportunity to acquire an established and profitable business, with the option to expand the residential offerings available.

SALE PRICE & LEASE TERMS
A sale of the freehold building including the business is available with a sale price of £750,000.

Alternatively, a sale of the business for £125,000 and new lease for the restaurant premises is available for £40,000 per annum exclusive.

In the event of a business purchaser wishing to rent the whole premises, further information can be obtained from the agent.

VAT
We are advised that the property is currently not VAT elected, and therefore VAT is not payable on the sale price or rent for the building.

Terms: Rent: £40,000 p.a.
Size: 276.18 m² (2973 ft²)
Postcode: CA13 9NQ
Ref:BB/7793