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LAKE DISTRICT VILLAGE SHOP & FAMILY HOME

Patterdale, Cumbria
Status
FOR SALE
Advert ID
264343
Reference
MA1232 / Rightbiz
01768483498
Freehold Price: £515,000
Annual Turnover: £188,000
Annual Net Profit: Available upon request

• Thriving business in prime Lakeland location
• Iconic traditional stone-built shop and 3-bedroom house
• In the scenic Ullswater area surrounded by mountains
• Popular tourist area and on the coast to coast walk
• Local facilities include pub opposite, school and church
• Rare opportunity to acquire family home and business in idyllic area

Overview
Patterdale Village Store is a long-established shop operating as a convenience store and post office offering a range of confectionery, newspapers, magazines, tobacco, wines, beers and spirits, groceries, gifts, ice cream, cards, toiletries, walking & camping equipment, maps, home-made bread, sandwiches and hot drinks. The business benefits from local trade but also from the tourist trade including walkers on the Coast to Coast walk and the Ullswater Way to whom services are offered including maps, T-shirts, route advice etc. The business was acquired by the current owners in 2005 and are only selling to retire.  Normal opening hours are from 8.30am to 6.00pm in Summer and more limited hours in winter. We are advised takings were £188,413 net of VAT and the post office salary was £9,029 in the year to 31 March 2019. A purchaser will need to apply to the post office. Full accounts will be made available to bona fide applicants, normally after viewing.  Further information can be found on www.patterdalevillagestore.co.uk.

Location
The village of Patterdale lies at the southern end of Ullswater about a mile south of the neighbouring village of Glenridding surrounded by some of the most dramatic and scenic fells of the Lake District including the Helvellyn Range. The village is at the heart of the Lakes on the A592 about 12 miles north of Windermere via the Kirkstone Pass and 12 miles south of Penrith and the M6 Junction 40.  This is a most popular tourist destination with numerous hotels, holiday cottages and camping and caravan sites in the area and there is also a village church and school. The property lies in an ideal position in the centre of the village opposite the White Lion Inn and fronting onto the main through road.

Description
The property is a traditional Lakeland stone building with pitched slate tiled roofs with the shop, spacious 3 bedroom owners accommodation and a rear terrace garden. It has mainly upvc double glazed windows and solid fuel central heating system.

Accommodation & Floor Areas
Ground Floor
Entrance Hall with stairs to first floor and doors to kitchen and shop;
Kitchen, with solid fuel stove and boiler, tiled floor, timber panelled wall and base units, stainless steel sink unit, oven and hob;
Shop, with timber panelled walls and fitted with shelving, display racking, cold drinks and freezer units, counter and non slip floor covering; 
Storeroom, with pantry off and plumbing for washing machine;
Log /Coal Store;
Storeroom, former WC with plumbing in situ;

First Floor
Landing;
Living Room, with a woodburning stove, TV and phone point;
Bathroom with three-piece suite, separate glazed shower cubicle with power shower and airing cupboards;
Bedroom 1;
Bedroom 2;
Stairs to Attic floor
Bedroom 3, 2.35m x 5.93m, with timber panelled walls, undereaves cupboards, spotlighting and velux roof lights.

Outside
Forecourt parking area to the front and rear terraced garden.

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
We are advised the property is freehold.

Rates
Description in list:    Shop & Premises
Rateable Value:    £5,600
Council Tax:    Band C

The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.

Fixtures & Fittings
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.

VAT & Stamp Duty
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.

Finance
If you require financial assistance, we can refer you to a local professional who can advise on sources of finance and prepare a business plan which most lenders now required.

Listing Details
Location: Patterdale, Cumbria
Marketed By: Mere Commercial
Sector: General Stores, Post Offices, Newsagents
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Advert Reference: MA1232 / Rightbiz

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