16 Market Place
COCKERMOUTH
For Sale 2,973 Sq Ft Sale: £750,000 Freehold
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PROMINENT POSITION WITHIN THE TOWN CENTRE
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FREEHOLD BUILDING & BUSINESS FOR SALE
- SALE OF THE BUSINESS & LETTING OF THE BUILDING
FOR SALE BAMBOO, 16 MARKET PLACE COCKERMOUTH, CA13 9NQ
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.
16 Market Place is a Grade II-listed mid-terrace building arranged over three storeys. The building is of traditional block construction with a pebble dash rendered finish under a pitched slate roof. 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 a 60-seater 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 nearby.
Cockermouth is a busy market town and benefits from a convenient position between The Lake District National Park and the west Cumbrian town of Workington. The town is easily accessible by road from all directions in the county. During the summer months, the town benefits from consistently high footfall numbers due to its proximity to The Lakes.
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. Surrounding occupiers include Castle Bar public house, Blocks Steak Restaurant, Allerdale Court Hotel and some smaller local independent retailers, including a bakery, refill store and cycle shop.
| Description | Sq Ft | Sq M |
|---|---|---|
| Total | 0.00 | 0.00 |
Mains water, gas, electricity and drainage are connected to the property. Separate meters for commercial and residential parts are in place.
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.