Summary - You And Me Chinese Restaurant,You And Me Chinese Restaurant,BOWNESS-ON-WINDERMERE,LA23 3DB LA23 3DB
2 bed 1 bath Restaurant
Prominent income-producing period freehold in the heart of tourist-rich Bowness-on-Windermere..
- Prime corner location on Lake Road beside the lake promenade
- Large restaurant unit plus two-bed residential flat; total 1,873 sqft
- Approximately 1.75 years to lease expiry on an FRI lease
- No schedule of condition attached; potential reinstatement liability
- Strong tourist footfall and scope to increase rental value
- Period features, high ceilings, and good natural light upstairs
- Small forecourt only; no private garden or significant external amenity
- Local crime levels reported as high; consider operational security
A prominent freehold corner building on Lake Road in Bowness-on-Windermere, offered as a fully let mixed-use investment with immediate tourist appeal. The ground and first floors operate as a substantial restaurant unit with basement storage, while an integral staircase leads to a large two-bedroom residential flat on the second floor that enjoys good natural light and town views. The property benefits from a very strong trading pitch close to the lake promenade, hotels and retail, producing excellent footfall in peak seasons.
The investment carries approximately 1.75 years remaining to lease expiry and is let on a full repairing and insuring (FRI) lease. There is no schedule of condition attached to the lease, which may expose the freeholder to liability for reinstatement or repairs at lease end. There is clear scope to increase the passing rental value when the lease is reviewed or re-let given the prime tourist location and mixed commercial/residential layout.
Constructed as a period, Tudor/Edwardian-style building with bay windows and decorative detailing, the property has strong street presence and a medium-to-large footprint for a town-centre plot. Services (mains water, gas, electricity and drainage) are connected. External amenity is limited to a small forecourt/pavement seating area; there is no private garden. Flood risk is nil, broadband and mobile signals are good, but recorded local crime is high, which may be relevant for certain operators or residents.
Offered at £850,000 freehold (no VAT payable), this asset suits investors seeking an income-producing Lake District village holding with short-term reversion and repositioning potential. Buyers should factor in potential repairs or reinstatement obligations under the existing FRI lease, limited external amenity, and local crime levels when assessing net returns and future use options.
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