£850,000

Retail premises for sale

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Freehold

Guide price

£850,000

(£453.82/sq. ft)

Retail premises for sale

You And Me Restaurant (Former Quinns), Royal Square, Lake Road, Bowness On Windermere, Cumbria LA23

1,873 sq. ft

Local area information

Property location

Nearby amenities

  • Bowness on Windermere Ferry Terminal 0.2 miles
  • Goodly Dale Primary School 0.5 miles
  • St Martin & St Mary Church of England Primary School 0.7 miles
  • Bowness Ferry Nab Ferry Landing 0.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
The building comprises an end-of-terrace, three-storey corner property with basement area, which was formerly operational as a bank. The property is registered with Land Registry under title number CU297404.

The building is well constructed of a mixture of sandstone and Lakeland slate and stone, under a pitched slate roof. Due to the configuration and circular corner rooms on the corner of the premises, a turret-style construction is present. There are two accesses to the ground floor. One on the splay frontage (corner) and the other to the elevation next to Ash Street. This latter access provides access to the stairs which go up to the first and second floor areas. Internally, the ground floor provides a mostly square unit with windows. The first floor provides further seating areas, a bar area, two WCs and a store.

Access to the second-floor residential flat is via an integral staircase off the first-floor restaurant area corridor. The residential flat provides two bedrooms, a living room, kitchen and bathroom. The space has good levels of natural light. The basement areas provide storage accommodation.

Location

Bowness on Windermere is one of Cumbria's most popular tourist destinations and benefits from close access to the other popular towns of Windermere and Ambleside. The town sees high levels of visitor numbers most of the year round. Whilst Bowness may not see the same tourist numbers as Keswick, it is still extremely popular and is now also regarded quite heavily as a leisure hotspot on weekends. The town of Kendal lies approximately 10 miles east. The nearby town of Windermere, within 1 mile of Bowness, benefits from a railway station, which links to Oxenholme and the West Coast main line.

The subject property is prominently positioned on Lake Road and the corner of Ash Street, leading to the town's lake promenade, which is arguably one of the main tourist attractions in Bowness and the busiest parts of the town and Lake District in general. Bowness Bay and Lake Windermere lie a short
distance away. The property sits on the corner of the terrace of buildings incorporating a series of retail units. The trading position lies on the main shopping pitch and close to a couple of restaurants. Due to the large tourist numbers visiting the lake, footfall remains extremely strong, particularly during holiday periods, during which many people pass by these buildings. The famous Vinegar Jones Fish & Chip shop next door and large Costa opposite with its outdoor seating regularly attract footfall to this part of the street.

Other surrounding occupiers include a number of well-established hotels, restaurants, bars and other generic high street retailers such as Tesco Express, Cornish Bakery, Mountain Warehouse, Domino's and Joules. The town is also made up of an array of strong independent traders, including Vinegar
Jones Fish & Chips (next door), Peter Rabbit & Friends, The Fizzy Tarte and the now very popular Lake Bar.

Accommodation

This property has been measured and extends to the following approximate areas:

Ground Floor Commercial Sales itza: 458 sq ft (42.55 sq m)

Terms

£850,000 for the sale of the freehold investment.

Services

We understand mains water, gas, electricity and drainage are connected to the property.

Business Rates

The Valuation Office Agency website describes the property as Restaurant and premises with a 2023 List Rateable Value of £15,000. The Small Business Non-Domestic multiplier for the 2025/2026 rate year is 49.9p in the £.

The residential flat above has a Council Tax band of C.

EPC

The property holds a current Energy Performance Certificate rating of c-61.

VAT

No VAT is payable on the sale price.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Carigiet Cowen Chartered Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Carigiet Cowen Chartered Surveyors for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Cumbria
  4. Lake District
  5. Windermere
  6. Bowness-on-Windermere
  7. Royal Square