LAKE DISTRICT NATIONAL PARK - RESTAURANT AND BAR LEASE OPPORTUNITY WITHIN LANDMARK HOTEL
Ambleside, Cumbria
Ref: 95692
Leasehold £25,000
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Key Features
Precis
Bar and restaurant lease opportunity located in 23 bedroom hotel in the heart of the Lake District.
Location
The Fisherbeck Bar and Restaurant is located in the Lake District town of Ambleside at the northern end of England's largest lake, Windermere. The property sits on the A591 link road close to Ambleside town centre and is surrounded by majestic lakeland fells. The town is within easy reach of Grasmere, Keswick and Windermere and offers a range of watersports, walks, climbing routes, cycling trails and much more. Steamer trips to Bowness-on-Windermere run from Ambleside or Lakeside piers, offering fine views of the lake and the mountains. Ambleside can be reached via the A66 from the north and via the M6 motorway from the east; the town also has a good local transport system.
The Fisherbeck Hotel and Bar occupies the ground floor of a premises which also comprises 23 letting rooms and owner’s accommodation. The main part of the building dates back to the 17th century and further extensions were built during the Victorian era. It is of traditional construction with painted render beneath a pitched slate roof. Our client is offering the bar/lounge area, restaurant/breakfast room, kitchen and cellar to the leasehold market, in addition to shared use of the front trade garden and parking spaces. The property comprises:
The Fisherbeck Hotel and Bar occupies the ground floor of a premises which also comprises 23 letting rooms and owner’s accommodation. The main part of the building dates back to the 17th century and further extensions were built during the Victorian era. It is of traditional construction with painted render beneath a pitched slate roof. Our client is offering the bar/lounge area, restaurant/breakfast room, kitchen and cellar to the leasehold market, in addition to shared use of the front trade garden and parking spaces. The property comprises:
Property
TRADE AREAS
ENTRANCE LOBBY: to the right is the RESTAURANT AREA which is in two sections and offers seating for 32. It features carpeted floors and floor to ceiling windows which provide trade garden and mountain views, and is well appointed and furnished throughout. Offset is a BREAKFAST COUNTER leading to the private FUNCTION ROOM/BREAKFAST ROOM which has an open-plan layout. WC offset. There is a BAR AREA which offers seating for 14, carpeted floor with wood flooring to the bar area and a wood constructed BAR SERVERY with well-equipped back bar and undercounter appliances and base units. Stylish seating and décor throughout, plus feature fireplace with log burner.
The TRADE KITCHEN is of a good size with Altro nonslip flooring, a good selection of catering equipment and appliances, hood canopy, separate WASH area with refrigeration units and stairway leading to BEER CELLAR.
Split level, front TRADE PATIO which is well appointed and offers seating for approximately 50. There is a two-storey pergola and a feature pond, and the patio benefits from elevated views of the stunning surroundings. The use of the trade patio will be shared with the hotel business, as will the 18 parking spaces.
ENTRANCE LOBBY: to the right is the RESTAURANT AREA which is in two sections and offers seating for 32. It features carpeted floors and floor to ceiling windows which provide trade garden and mountain views, and is well appointed and furnished throughout. Offset is a BREAKFAST COUNTER leading to the private FUNCTION ROOM/BREAKFAST ROOM which has an open-plan layout. WC offset. There is a BAR AREA which offers seating for 14, carpeted floor with wood flooring to the bar area and a wood constructed BAR SERVERY with well-equipped back bar and undercounter appliances and base units. Stylish seating and décor throughout, plus feature fireplace with log burner.
The TRADE KITCHEN is of a good size with Altro nonslip flooring, a good selection of catering equipment and appliances, hood canopy, separate WASH area with refrigeration units and stairway leading to BEER CELLAR.
Split level, front TRADE PATIO which is well appointed and offers seating for approximately 50. There is a two-storey pergola and a feature pond, and the patio benefits from elevated views of the stunning surroundings. The use of the trade patio will be shared with the hotel business, as will the 18 parking spaces.
The Business
The Fisherbeck Bar and Restaurant offers an exciting opportunity for a new operator to take on a fully equipped bar and restaurant in the heart of the Lake District National Park. There is ready made trade from the attached 23 bedroom hotel which currently operates on a room only basis, as well as from the adjacent affiliated hotel. Ambleside enjoys strong, year-round tourism as well as local footfall and is within easy reach of the area's main attractions.
The 23 bedroom hotel is open and trading but the bar and restaurant business is currently closed. However, with extensive marketing and promotion, it offers huge potential due to its prime location.
The 23 bedroom hotel is open and trading but the bar and restaurant business is currently closed. However, with extensive marketing and promotion, it offers huge potential due to its prime location.
Tenure
LEASEHOLD: £25,000 to include trade inventory.
TERM: Five to seven years.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord’s consent.
BOND: A bond equivalent to three months’ rent in advance.
RENT: Stepped rent:
£24,000 for Year 1
£26,000 for Year 2
£28,000 for Year 3
Paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
TERM: Five to seven years.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord’s consent.
BOND: A bond equivalent to three months’ rent in advance.
RENT: Stepped rent:
£24,000 for Year 1
£26,000 for Year 2
£28,000 for Year 3
Paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held.
Services
All mains services are connected.
Local Authority: South Lakeland Council.
Rateable Value: TBC
Local Authority: South Lakeland Council.
Rateable Value: TBC
Enquire about this listing
Dean McVay
Northern Counties
Ref: 95692
