Summary - 3-4, CHEAPSIDE LA22 0AB
1 bed 1 bath Hospitality
Well-presented 1,000sqft trading unit in Ambleside—short lease, strong tourist trade..
- Circa 1,000 sq ft ground-floor commercial space
- Dining area seating for approximately 30 covers
- Modern commercial kitchen with new extractor system
- Prominent shop frontage and high ceiling period character
- Located in Ambleside town centre, high tourist footfall
- Leasehold: proposed 6-year lease; 3-year rent reviews
- Mortgage lenders likely to refuse due to short lease term
- Rent £18,000 pa; rateable value £14,000 (possible relief)
A rare commercial opportunity in the heart of Ambleside, occupying circa 1,000 sq ft with strong tourist footfall in the Lake District National Park. The ground-floor layout includes a generous dining area for about 30 covers, a modern commercial kitchen with a recently installed extractor, plus useful rear storage and a separate store room. Recent tenant investment has modernised the space, making it ready for immediate trading.
Positioned on a busy town centre lane, the premises benefit from prominent shop frontage, high ceilings and period character that suit cafes, restaurants or other visitor-facing businesses. All mains services are connected and the property has double glazing and electric heating; nearby car parks and local amenities support daytime and seasonal trade.
Important — the lease situation is the principal constraint. A new 6-year lease is proposed with three-year rent reviews and a commencing rent of £18,000 pa on IRI terms. Only six years remaining on the proposed lease means many mortgage lenders are likely to refuse lending; purchasers should check finance options and lease length requirements carefully.
Other factual notes: the property lies within an affluent but busy tourist town, has average broadband speeds and excellent mobile signal, and the rateable value is £14,000 (current payable approx. £6,986, potentially reduced by Small Business Rates Relief). The premises suit buyers able to take a short lease or purchase with cash/alternative funding, and those who value a centrally located, well-presented trading unit in a UNESCO-linked national park.
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