A4 Restaurant/Retail/Licensed/Leisure Premises to Let Unique Lake District National Park Tourist Opportunity

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Duane Rice
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A4 Restaurant/Retail/Licensed/Leisure Premises to Let Unique Lake District National Park Tourist Opportunity Lake View Restaurant and Steamers Bar The Glebe Bowness-on-Windermere Cumbria LA23 3HE 43

1 A4 Restaurant/Retail/Licensed/Leisure Premises to Let Unique Lake District National Park Tourist Opportunity Lake View Restaurant and Steamers Bar The Glebe Bowness-on-Windermere Cumbria LA23 3HE 43 Million visitors annually to the Lake District National Park Annual spend 2.44 billion in the Lake District National Park (2015) Unique location overlooking Bowness Bay and Lake Windermere Immediately adjacent to Windermere Lake Cruises departure point (within the top 10 UK s busiest tourist attractions with 1.44 million visitors annually) Existing use for restaurant/pub/leisure with alternative opportunities.

2 Bowness-on-Windermere is one of the most visited destinations in the UK. The latest statistics (Source: Cumbria Tourism) show that in 2015 there were more than 40 million visitors to the Lake District National Park comprising 36.5 million-day trippers and 6.3 million overnight stays with a total spend of 2.1 billion and supporting a total of 35,000 full time jobs. Bowness-on-Windermere is a honey-pot tourist destination and lies on the eastern shores of Lake Windermere approximately 4 miles from Ambleside and 8 miles from Kendal. Location The property is shown on the enclosed location plan and occupies a unique location overlooking the lake Windermere is England s largest lake there are very few waterside pubs/restaurant opportunities along the shores of the lake. The Lake View restaurant is immediately adjacent to Bowness Pier where the world famous Steamers commence their journeys along the lake with Windermere Lake Cruises being one of the most visited paid-for tourist attractions in the UK with in excess of 1.4 million passengers annually. Two of the main visitor car parks for Bowness-on-Windermere (Glebe Road and Braithwaite Fold) are immediately adjacent to the property and on street car parking is permitted immediately outside along The Glebe. Description The property comprises extensive first and second floor restaurant/bar accommodation (with lift access from the ground floor) and with the benefit of two separate external stair cases enabling separate occupation of the first and second floors. Historically, the second floor operated as a late-night licenced venue with the ability for the first floor to be closed off enabling a separate late access to the second floor by external staircase and lift. In addition, our clients would consider letting of the accommodation on a floor by floor basis. The property has most recently been occupied as a pub restaurant on the first floor with bar servery, carvery, catering kitchen and wc facilities. The second floor has separate kitchen and wc facilities and bar servery with ancillary accommodation. Both floors have extensive views over Bowness Bay northwards across the lake towards the Lakeland fells and additional views back towards Bowness Village looking over the Royal Windermere Yacht Club and the Old England hotel. There is a manager s bedsit situated at second floor level. Previous occupiers have proposed plans to construct an external balcony to provide additional accommodation and to take advantage of external seating overlooking the lake subject to any consent being received. Accommodation The property offers the following accommodation:- Ground floor 2 external stair cases and external access to lift (serving both floors) First floor total net internal area sq m 6,050 sq ft Second floor total net internal area sq m 2,733 sq ft Second floor manager s bedsit Total internal area sq m 8,783 sq ft Total gross internal area approximately sq m 12,137 sq ft There is an extensive catering kitchen with chillers at first floor level (equipment to be installed by tenant) and ladies and gents wc facilities and a smaller kitchen and wc s and ancillary accommodation at second floor level.

3 Licence Historically, the property has benefitted from a late licence for the second floor (which previously traded as an over 25 s bar called Steamers) and with the following permitted hours:- Lakeview & Steamers Monday to Thursday Friday and Saturday Sunday to 0230 hrs to 0430 hrs to 0230 hrs We understand that the licence may have lapsed, and any potential tenant should make their own enquiries of South Lakeland District Council Terms The accommodation is available to let on the basis of a new full repairing and insuring lease for a term of 10 years (or longer) subject to upward only rent reviews. Rent A commencing rental of 89,000 per annum exclusive of rates, VAT and service charge. Legal costs Each party is to be responsible for their own legal fees incurred in the preparation of any new lease. Planning The existing use of the property is, we understand, Class A4 as a pub and restaurant and the accommodation is therefore considered suitable for alternative uses including retail, exhibition, leisure and associated uses (subject to any consents being received). Rating Assessment Rateable value 69,000 UBR 50.4p (2019/2020) Applicants are advised to make their own enquiries of the local rating authority. Energy Performance Certificate The property has an energy performance asset rating of D. VAT All prices, rentals and outgoings are quoted exclusive of, but may be liable to, VAT. Viewing Strictly by appointment through the sole agents Peill & Company, tel (Simon Adams dealing), kendal@peill.com for viewings.

4 View from first floor

5 View to the north from restaurant Restaurant

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