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16 Market Pl 1,415 SF of Assignment Available in Cockermouth CA13 9NQ
ASSIGNMENT HIGHLIGHTS
- Cockermouth is a busy market town and benefits from a convenient position between The Lake District National Park and Workington.
- During the summer months the town benefits from consistently high footfall numbers due to it’s proximity to The Lakes.
- The town is easily accessible by road from all directions in the county.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,415 SF | Negotiable | $52.58 CAD/SF/YR $4.38 CAD/SF/MO $74,396 CAD/YR $6,200 CAD/MO | TBD |
Ground
The space compromises 1,415 sf of ground floor retail accommodation. A sale of the business for £125,000 and new lease for the restaurant premises is available for £40,000 per annum exclusive.
- Use Class: E
- Assignment space available from current tenant
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Secure Storage
- DDA Compliant
- Private Restrooms
- Display frontage
- Raised garden area
- Open plan
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
SELECT TENANTS AT 16 MARKET PL, COCKERMOUTH, CMA CA13 9NQ
- TENANT
- DESCRIPTION
- UK LOCATIONS
- REACH
- Bamboo
- Accommodation and Food Services
- 1
- -
| TENANT | DESCRIPTION | UK LOCATIONS | REACH |
| Bamboo | Accommodation and Food Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,415 SF | Gross Leasable Area | 1,415 SF |
| Property Type | Retail | Year Built | 1929 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,415 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,415 SF |
| Year Built | 1929 |
ABOUT THE PROPERTY
16 Market Place is a Grade II listed mid terraced building arranged over three storeys. 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. 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. * FREEHOLD BUILDING AND BUSINESS FOR SALE* * PROMINENT TRADING POSITION * * LONG ESTABLISHED RESTAURANT PREMISES IN COCKERMOUTH * * SELF-CONTAINED RESIDENTIAL ACCOMMODATION ABOVE * * 100% BUSINESS RATES RELIEF ATTAINABLE FOR OCCUPIERS * *SALE OF THE BUSINESS AND LETTING OF THE BUILDING* 16 Market Place is a Grade II listed mid terraced 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 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 near by. AREAS/ACCOMMODATION Net Internal Area: 2,973 sq ft (276.18 sq m) Comprising: - Ground Floor Restaurant: 1,415 sq ft (131.45 sq m) First Floor Residential: 528 sq ft ( 49.04 sq m) Second Floor Residential: 537 sq ft ( 49.86 sq m) Attic Area: 493 sq ft ( 45.83 sq m) SERVICES Mains water, gas, electricity and drainage are connected to the property. Separate meters for commercial and residential parts are in place. BAMBOO RESTAURANT 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. SALE PRICE & LEASE TERMS 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. VAT We are advised that the property is currently not VAT elected, and therefore VAT is not payable on the sale price or rent for the building.
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16 Market Pl
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