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News | Independent Commercial Property Agents | PAI

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Sale of Lake District restaurant investment

Monday, 30 September 2019

Sale of Lake District restaurant investment

Peill & company, the PAI member for Cumbria, Lancashire and the Lake District have secured the sale of a restaurant investment in Bowness-on-Windermere, in the heart of the Lake District National Park.

The property, Westmorland House, on Lake Road comprises a ground floor restaurant let on a new 10 year lease with 5 apartments on the upper floors, all sold off on long leases. The investment was purchased by a south-eastern based family property company.

Simon Adams, of Peill & Company, commented, “We are please to have secured the sale of the investment on behalf of a private client for whom we have acted for over 30 years; the sale demonstrates good ongoing appetite for smaller retail investments in and around the Lake District, where occupier demands is still strong”.