Rare Lake District restaurant opportunity
89 Main Street
Keswick
Cumbria
CA12 5DT
Previously trading as Star of Siam Thai restaurant but ready for
immediate occupation and would suit alternative styles of
trading.
Keswick is situated within the Lake District National Park and is one of the Lake Districts most visited tourist
destinations and is the main hub for visitors to the North Lakes. Latest figures available from Cumbria
Tourism STEAM survey (2015) showed that there were in excess of 40 million visitors to the Lake District
National Park with an annual spent of £2.1 billion supporting over 35,000 full time jobs in tourism. Keswick is
popular with day-trippers, walkers, climbers, cyclists and outdoor enthusiasts.
Location
The subject property, which is shown for identification purposes edged red on the enclosed street traders
plan occupies an extremely prominent location on the north end of Main Street close to the Museum Square
shopping centre and with other occupiers in the immediate vicinity including Blacks, Pitlochry, Co-operative,
Trespass, Booths supermarket and a range of restaurants, cafes and tea rooms. The property has the
benefit of rear servicing with a loading/unloading and some car parking to the rear.
Description
The property is fully fitted out and until recently has been trading as a Thai restaurant but would be equally
suitable for alternative styles of operation with relatively modest effort. The property is arranged as a
restaurant and bar over ground floor with function room and kitchens at first floor level together with a staff
flat at second floor. The property is being offered to let on the basis of a new lease with a premium for the
inventory and fixtures and fittings contained within the premises, and it is ready to be reopened for trade in
anticipation of the lucrative spring and Easter tourist market. In addition, Keswick is a popular destination for
locals throughout the year.
Accommodation
The property offers the following accommodation:Internal width
Shop depth
Ground Floor
Restaurant area
Ground Floor
Preparation
Total Ground Floor Area
First Floor
Restaurant/Function room
First Floor
Kitchen and preparation area
Second Floor
Flat (capable of separate occupation)
Bathroom with wc, shower and whb;
store room
Room 1
Room 2
Room 3
Room 4
Kitchen with range of wall and base
units, gas boiler, single drainer
stainless steel sink unit
9.31 m
18.75 m
135 sq m
(1453 sq ft)
12 sq m
147 sq m
(126 sq ft)
(1579 sq ft)
42.1 sq m
(453 sq ft)
63.57 sq m
(684 sq ft)
2.73m x 4.60m
3.59 m x 3.58m
4.39m x 2.54m
2.54m x 4.66m
3.32m x 3.69m
Licence
The property benefits from a premises licence from Allerdale Borough Council permitting trading from 10.00
hrs to 23.00 hrs Monday to Saturday and 12.00 hr to 22.30 hrs on Sundays and bank holidays. Sale of
alcohol on and off the premises is permitted under the terms of the premises licence.
Inventory
A full inventory will be made available to prospective purchasers but the property is fully equipped including a
catering kitchen, tables, chairs, bar servery and dispensers and the style of trading could easily be changed.
Lease
The property is available to let by way of a new 15 year full repairing and insuring lease subject to 5-yearly
rent reviews at a commencing rental of £35,000 per annum exclusive of rates and vat (if applicable).
Rating Assessment
We are advised that the 2017 rating assessment for the property is as follows:Rateable value £35,250
UBR – 49.7p (2016/2017)
Council tax banding – to be advised
Applicants are advised to make their own enquiries of the local rating authority.
Premium
An ingoing premium of £50,000 is sought for the benefit of the fixtures & fittings inventory and lease.
Energy Performance Certificate
The property has an energy performance asset rating of ‘C’.
Legal Costs
Each party to be responsible for their own legal fees incurred in the preparation of a new lease
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 01539 888 000 (Simon Adams dealing),
[email protected] for viewings.
Plan for identification purposes only