Overview

PAUSE

The sale of a very popular leasehold Thai restaurant business, being set up from scratch in 2016 with all new equipment and fitted out to a superior specification, in a prime location in the thriving all round tourist village of Bowness on Windermere. Sold as a going concern with rent of £35,000pa.

Property Details

Description: House of Siam was set up in 2016 by the current owner and everything was newly fitted at that point. The result is a comprehensively equipped modern commercial kitchen, fantastic dining area with a great deal of time and effort creating an authentic feel. The response from the public has been overwhelming and the restaurant is constantly busy which can be bourne out in the impressive trading figures. Sold as a going concern, with all the staff including the chef, the new owner will be needed to oversee the whole enterprise.

Location: The property is situated in a prime retailing position fronting Lake Road and close to major multiples such as Edinburgh Woollen Mill, Trespass, Tog 24, Tesco etc.

Bowness On Windermere is situated in South Cumbria within the Lake District National Park, 8 miles from Kendal and 14 miles from junction 36 of the M6 motorway. One of the busiest tourist locations within the Lake District receiving very large numbers of visitors throughout the year, and now proudly designated as a world heritage site in 2017 which will almost certainly increase visitor numbers more.

From our Windermere office in Ellertwaite square proceed down New Road, which continues along Lake Road from Windermere to Bowness. House of Siam is located on the left hand side of the road.

Accommodation (with approximate measurements)

Dining Area 31′ 10″ x 20′ 3″ (9.7m x 6.17m) (inc bar) Having large “welcoming” picture window to the front, false vaulted ceiling for effect and well up to 43 covers although normally set up for 40.

Fully equipped commercial kitchen 13′ 10″ x 8′ 8″ (4.22m x 2.64m) Detailed inventory of all the equipment on request.

Male and female/ disabled WC’s

Access to first floor

Storage area 20′ 5″ x 9′ 11″ (6.22m x 3.02m) A useful storage area however a significant portion of it is being used for the commercial venting system.

Services: Mains electricity, water, gas and drainage.

Business Rates: South Lakeland District Council. Rateable Value of £21,250 with the amount payable of £10,285 for 2017/18. Small business rates may be applicable.

Tenure: Available on a new internal repairing and insuring 15 year lease with 5 yearly rent reviews and an initial rent of £35,000pa. We understand that there is an option to purchase the flat over comprising 1 bedroom, sitting room, kitchen, bathroom Guide Price £138,000 if so desired.

Energy Performance Certificate: The full Energy Performance Certificate is available on our website and also at any of our offices.

Viewing: Strictly by appointment with Hackney & Leigh Windermere Sales Office. We ask interested parties to be discreet and not disturb dining customers when open.

Business Since opening the response from dinners has been fantastic with the business regularly turning over approximately £41,000 per month. The business is for sale as a going concern including fixtures, fittings, all equipment and goodwill for £170,000. A full inventory of equipment will be prepared upon sale.

Floor Plan

Floorplan House of Siam, 5 Grosvenor Terrace, Lake Road, Bowness on Windermere, LA23 3BS

Location

EPC

Brochure

Contact the Windermere Sales Office or call on: 015394 44461
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