FOR SALE Prime Freehold Mixed Use Retail/Residential Premises and Luxury Footwear Business Gina Ricci 2 Crescent Road Windermere Cumbria LA23 1EA

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Windermere FOR SALE Prime Freehold Mixed Use Retail/Residential Premises and Luxury Footwear Business Gina Ricci 2 Crescent Road Windermere Cumbria LA23 1EA

Experian Goad Plan Created: 04/04/2019 50 metres Created By: Edwin Thompson

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• An established luxury shoe and footwear shop occupying a prime location within the popular Lake District tourist town of Windermere • Ground Floor Retail Premises with Ancillary Basement Accommodation and First & Second Floor 3/4 bedroom Apartment • Net Internal Area of the Ground Floor – approximately 952 sq ft • Recently fitted out to a high standard with quality display stands • Nearby occupiers include, Boots, Greggs, The Co-Op, Barclays Bank, Scottie and Russell, Valerie Ann’s Florist, The Northern Line and The Post Office • Purchase Price £850,000, exclusive and to include all fixtures, fittings and business goodwill • Stock will be sold subject to valuation at the sale date

LOCATION The subject property is situated on Crescent Road, the prime retailing pitch in the town of Windermere in South Lakeland, Cumbria, in the North West of England. Windermere is an attractive tourist town situated close to the east shore of Lake Windermere, 8 miles to the west of Kendal and 14 miles from Junction 36 of the M6 Motorway.

Windermere is known as Cumbria’s most popular tourist destination and is effectively one large settlement with Bowness-on-Windermere having a resident population of circa 10,800 (2011 Census)

Windermere is situated in the Lake District National Park which was designated in 1951 and is the largest National Park in England. The National Park has a population of 41,831 and attracts approximately 15,000,000 visitors each year with tourism being the major industry (Source – Lake District National Park). The Lake District has also joined the likes of the Grand Canyon, the Taj Mahal and Machu Picchu by being awarded Unesco World Heritage status.

rural | forestry | environmental | commercial | residential | architectural & project management | valuation | investment | management | dispute resolution | renewable energy Crescent Road forms part of the town centre and the main A5074 route THE SHOP Kitchen/Dining Room (3.23 x 4.42 and 2.27 x 1.87) travelling from the A591 and through to Bowness-on-Windermere, The premises which have recently been refurbished to a high standard are A contemporary kitchen area with modern wall and floor mounted units, circa 1 mile away. The train station, bus interchange and the A591 are arranged as open plan sales area to the ground floor and a useful basement cushioned vinyl flooring and spot lighting. The kitchen area is tiled and approximately 100m to the north giving good access to Kendal, the M6 storage area accessed internally from the shop. has a wall mounted combination boiler. There is plumbing for a washing and Ambleside. machine/dishwasher. The kitchen/dining room has front and rear aspects. Internally, the shop is split into three retail areas which are in an L-shape The local vicinity boasts some of the leading high street retailers including, configuration. The front/Crescent Road retail accommodation is split level Living Room (4.16 x 5.51) Boots, Greggs and WHSmith as well as a variety of local gift shops, cafes, and provides well proportioned open plan sales space. The side/Beech A cosy living room with timber framed double glazed windows, carpeted leisure outlets and banks with occupiers including Scottie and Russell, Street sales area is interconnected although has a separate entrance with flooring and a fireplace with a decorative surround. Northern Line, Barclay’s and Santander. built-in retail display units and internal stock display furnishings. All the retail areas are carpeted throughout, have recessed spot lighting and full Bedroom 1 (3.53 x 3.68) THE PREMISES height display windows with external canopies. There are internal stairs This room is currently used as an additional stockroom however, could The property provides a ground floor retail shop with basement stockroom to the rear which lead to the first and second floor living accommodation. easily be made into a further double bedroom or office. The space is and a first and second floor three/four bedroom apartment forming carpeted with wallpapered walls and a built-in cupboard. a prominent corner position on Crescent Road and Beech Street in THE APARTMENT Windermere town centre. The building is of attractive Lakeland stone The first floor comprises the following; Shower Room (0.72 x 2.49 and 1.59 x 0.42) construction which incorporates canopies over the display windows and The shower room is carpeted and has tiled walls, a radiator, a WC with an entrance door at the corner of Crescent Road and Beech Street. wash hand basin and an electric shower. Berwick upon Tweed | Carlisle | Galashiels | Keswick | Newcastle | Windermere

The second floor incorporates; For the past 2 years Gina Ricci has been shortlisted in the top 5 independent TRADING ACCOUNTS shoe retailers for the UK and Ireland, confirming their status as a high Three years of audited trading accounts are available upon request for Bedroom 2 (3.98 x 5.53) quality shoe shop. The shop currently stocks a range of high quality ladies serious interested parties from the Windermere office of Edwin Thompson A double bedroom with timber framed double glazed windows with a sky and gentleman’s footwear including brands such as Dubarry, Gabor, Hogl, and subject to client approval. light, exposed timber beam, carpeted flooring and plaster painted walls. Lisa Kay and also one of the finest English shoemakers, Barker of England. Further information will be provided to serious parties upon application. SERVICES Bedroom 3 (4.41 x 5.44 including the en-suite) The property is connected to mains electricity, gas, water and the mains A good size double bedroom with timber framed double glazed windows, The current operators have lived on site however there is the potential drainage/sewerage system. carpeted floors and wallpapered walls and ceiling, shower cubicle and a to separate the living accommodation from the business, subject to the chrome towel rail. relevant statutory consents. Prospective purchasers should make their own enquiries as to the services available for future use. Bedroom 4 (3.75 x 3.60) Gina Ricci is shortlisted in the Independent Footwear Retailer of the Year Timber framed double glazed windows, carpeted floor and plaster painted category 2019 and has for the last 5 years been in the top 5 independent PROPOSAL walls. shoe shops in the country voted by Drapers Footwear UK. The property and business are available at a guide price of £850,000 exclusive for the freehold and business goodwill of Gina Ricci. Stock will There is also a separate WC with hand basin. be sold subject to valuation at the sale date.

Externally, there is a small rear yard and brick built store and the property All enquiries to sole agents Edwin Thompson. benefits from two Windermere A Zone parking permits. VAT ACCOMMODATION All figures quoted are exclusive of VAT where applicable. The ground floor provides a net internal floor area of 88.44 sq m (952 sq ft) and the remaining premises provide the following approximate gross RATEABLE VALUE internal area measurements: It is understood from the VOA website that the premises has a Rateable Value of £15,250. First Floor 74.23m2 (799 sq ft) Second Floor 73.49m2 (791 sq ft) The current Uniform Business Rate is 50.4p in the pound for the year Basement Ancillary 69.31m2 (746 sq ft) 2019/20. Total approximate Gross Internal Area 217.03m2 (2,336 sq ft) LEGAL COSTS THE BUSINESS Each party is to bear their own legal costs in the preparation and settlement The existing business provides a well-established specialist independent of the sale documentation together with any VAT thereon. shoe & footwear stockist which benefits from a prime retail location within Windermere town centre. The shop has been established for 25 VIEWING years and has been run & developed for the last 15 years by the current The properties are available to view by prior appointment with the owner who is selling it due to retirement. Previously to Gina Ricci, the Windermere Office of Edwin Thompson LLP. Contact: shop has been a footwear business for nearly 100 years and this is an Joe Ellis - [email protected] extremely rare opportunity to buy such a highly regarded business. The Suzie Barron – [email protected] shop opens Monday to Saturday from 9am until 5pm and currently has 2 part time staff with the current owner operating the business full time. Tel: 015394 48811 www.edwin-thompson.co.uk

Windermere

23 Church Street, T: 015394 48811 Windermere F: 015394 48916 Cumbria E: [email protected] LA23 1AQ W: edwin-thompson.co.uk

Experian Goad Plan Created: 04/04/2019 50 metres Created By: Edwin Thompson

Berwick upon Tweed Edwin Thompson is the generic trading Regulated by RICS IMPORTANT NOTICE Carlisle name for Edwin Thompson Property Edwin Thompson for themselves and for the Vendor of this land and property, whose Agents they are, give notice that: Galashiels Services Limited, a Limited Company 1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract. Keswick registered in England and Wales 2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but Newcastle (no. 07428207) any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to their correctness. Windermere 3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor. Registered office: 28 St John’s Street, 4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn. Keswick, Cumbria, CA12 5AF. 5. These particulars were prepared in April 2019