£10,020 pa
(£7.63/sq. ft. pa)
Pub/bar to letThe Watermill Cafe - Priest's Mill, Caldbeck, Cumbria CA7
1,313 sq. ft
Just added
Available immediately
Leasehold
About this property
Offers in the region of £75,000 for the business
Positive trading accounts
100% business rates relief attainable
External garden area for further seating
Large customer car park
The property is arranged at first-floor level and is conveniently accessed via a pedestrian ramp leading up from the customer car park. The space is laid out to provide a large open plan café/restaurant area, with a snug at the rear for further seating, altogether providing 50 covers inside.
A well-equipped kitchen provides access to the servery counter and has its own dedicated access doors to the exterior. An external garden area provides further outdoor seating to the rear of the building, and there is a shared customer car park to the front of the building.
The accommodation is currently trading and is fully fitted out for continued operation as a café/restaurant. A full inventory of fixtures & fittings included with the sale is available from the agent.
Location
The Watermill café lies within Priest's Mill, a former redevelopment, set at the heart of the picturesque village of Caldbeck within the Lake District National Park. Caldbeck is conveniently positioned approximately 14 miles south of Carlisle, 16 miles north of the popular town Keswick and 16 miles west of Penrith and the M6 motorway. Nearby villages include Dalston, Hesket Newmarket, Ireby and Udale.
The village of Caldbeck is charming in character and benefits from stunning views across the Lake District fells, making it attractive for walkers, cyclists and visitors to the area throughout the year. Buildings within the village are made up of private residential dwellings, holiday homes and cottages. Local amenities include a doctor's surgery and Fellside Primary School. Other established occupiers with the village include the village convenience store, a craft shop, The Oddfellows Arms public house and Lofters Hair Design.
Accommodation
This property has been measured and extends to the following approximate areas:
Terms
The Business
The Watermil café (Caldbeck) Ltd (Company Reg Number 05490031) has traded from this location since 2005. The business specialises in the sale of homemade food, including cakes, as well as serving a wide range of hot and cold drinks and ice cream.
Trading accounts for the business are positive, and these accounts can be made available to genuinely interested parties after viewing.
Sale Price
Offers in the region of £75,000 are invited for the business to include trade name, fixtures and fittings, stock and goodwill.
Lease Terms
Available by way of an assignment or sub-lease at a current passing rent of £10,020 per annum exclusive, with stepped rent reviews on 1st April 2027 to £10,320 per annum ex. And from 1st April 2030 to £10,620 per annum ex. An additional 3-month rent-free period granted from 1st April 2027 until 1 July 2027. Lease expiry is 31st March 2034.
The Tenant may break from the Lease any time, subject to giving the Landlord 6 months' notice in writing.
Alternatively, a new lease direct from the landlord may be considered.
Services
The property is connected to mains water, drainage and electricity.
Business Rates
The Valuation Office Agency website describes the property as Restaurant and premises with a 2026 List Rateable Value of £8,000. The Small Business rhl Non-Domestic Rate multiplier for the 2026/27 rate year is 38.2p in the £.
* 100% business rates relief attainable *
EPC
An EPC has been commissioned and will be made available shortly.
VAT
We understand VAT is payable on the rent.
A well-equipped kitchen provides access to the servery counter and has its own dedicated access doors to the exterior. An external garden area provides further outdoor seating to the rear of the building, and there is a shared customer car park to the front of the building.
The accommodation is currently trading and is fully fitted out for continued operation as a café/restaurant. A full inventory of fixtures & fittings included with the sale is available from the agent.
Location
The Watermill café lies within Priest's Mill, a former redevelopment, set at the heart of the picturesque village of Caldbeck within the Lake District National Park. Caldbeck is conveniently positioned approximately 14 miles south of Carlisle, 16 miles north of the popular town Keswick and 16 miles west of Penrith and the M6 motorway. Nearby villages include Dalston, Hesket Newmarket, Ireby and Udale.
The village of Caldbeck is charming in character and benefits from stunning views across the Lake District fells, making it attractive for walkers, cyclists and visitors to the area throughout the year. Buildings within the village are made up of private residential dwellings, holiday homes and cottages. Local amenities include a doctor's surgery and Fellside Primary School. Other established occupiers with the village include the village convenience store, a craft shop, The Oddfellows Arms public house and Lofters Hair Design.
Accommodation
This property has been measured and extends to the following approximate areas:
Terms
The Business
The Watermil café (Caldbeck) Ltd (Company Reg Number 05490031) has traded from this location since 2005. The business specialises in the sale of homemade food, including cakes, as well as serving a wide range of hot and cold drinks and ice cream.
Trading accounts for the business are positive, and these accounts can be made available to genuinely interested parties after viewing.
Sale Price
Offers in the region of £75,000 are invited for the business to include trade name, fixtures and fittings, stock and goodwill.
Lease Terms
Available by way of an assignment or sub-lease at a current passing rent of £10,020 per annum exclusive, with stepped rent reviews on 1st April 2027 to £10,320 per annum ex. And from 1st April 2030 to £10,620 per annum ex. An additional 3-month rent-free period granted from 1st April 2027 until 1 July 2027. Lease expiry is 31st March 2034.
The Tenant may break from the Lease any time, subject to giving the Landlord 6 months' notice in writing.
Alternatively, a new lease direct from the landlord may be considered.
Services
The property is connected to mains water, drainage and electricity.
Business Rates
The Valuation Office Agency website describes the property as Restaurant and premises with a 2026 List Rateable Value of £8,000. The Small Business rhl Non-Domestic Rate multiplier for the 2026/27 rate year is 38.2p in the £.
* 100% business rates relief attainable *
EPC
An EPC has been commissioned and will be made available shortly.
VAT
We understand VAT is payable on the rent.
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