Gina Ricci, 2 Crescent Road, Windermere LA23 1EA

Gina Ricci, 2 Crescent Road, Windermere LA23 1EA

£850,000


Quick Summary

Price £850,000
City Windermere
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

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Contact

Windermere Office
015934 48811

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.

Crescent Road forms part of the town centre and the main A5074 route travelling from the A591 and through to Bowness-on-Windermere, circa 1 mile away. The train station, bus interchange and the A591 are approximately 100m to the north giving good access to Kendal, the M6 and Ambleside.

The local vicinity boasts some of the leading high street retailers including, Boots, Greggs and WHSmith as well as a variety of local gift shops, cafes, leisure outlets and banks with occupiers including Scottie and Russell, Northern Line, Barclay’s and Santander.

THE PREMISES

The property provides a ground floor retail shop with basement stockroom and a first and second floor three/four bedroom apartment forming a prominent corner position on Crescent Road and Beech Street in Windermere town centre. The building is of attractive Lakeland stone construction which incorporates canopies over the display windows and an entrance door at the corner of Crescent Road and Beech Street.

THE SHOP

The premises which have recently been refurbished to a high standard are arranged as open plan sales area to the ground floor and a useful basement storage area accessed internally from the shop.

Internally, the shop is split into three retail areas which are in an L-shape configuration. The front/Crescent Road retail accommodation is split level and provides well proportioned open plan sales space. The side/Beech Street sales area is interconnected although has a separate entrance with built-in retail display units and internal stock display furnishings. All the retail areas are carpeted throughout, have recessed spot lighting and full height display windows with external canopies. There are internal stairs to the rear which lead to the first and second floor living accommodation.

THE APARTMENT

The first floor comprises the following;

Kitchen/Dining Room (3.23 x 4.42 and 2.27 x 1.87)
A contemporary kitchen area with modern wall and floor mounted units, cushioned vinyl flooring and spot lighting. The kitchen area is tiled and has a wall mounted combination boiler. There is plumbing for a washing machine/dishwasher. The kitchen/dining room has front and rear aspects.

Living Room (4.16 x 5.51)
A cosy living room with timber framed double glazed windows, carpeted flooring and a fireplace with a decorative surround.

Bedroom 1 (3.53 x 3.68)
This room is currently used as an additional stockroom however, could easily be made into a further double bedroom or office. The space is carpeted with wallpapered walls and a built-in cupboard.

Shower Room (0.72 x 2.49 and 1.59 x 0.42)
The shower room is carpeted and has tiled walls, a radiator, a WC with wash hand basin and an electric shower.

The second floor incorporates;

Bedroom 2 (3.98 x 5.53)
A double bedroom with timber framed double glazed windows with a sky light, exposed timber beam, carpeted flooring and plaster painted walls.

Bedroom 3 (4.41 x 5.44 including the en-suite)
A good size double bedroom with timber framed double glazed windows, carpeted floors and wallpapered walls and ceiling, shower cubicle and a chrome towel rail.

Bedroom 4 (3.75 x 3.60)
Timber framed double glazed windows, carpeted floor and plaster painted walls.

There is also a separate WC with hand basin.

Externally, there is a small rear yard and brick built store and the property benefits from two Windermere A Zone parking permits.

ACCOMMODATION

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 internal area measurements:

First Floor 74.23m2 (799 sq ft)

Second Floor 73.49m2 (791 sq ft)

Basement Ancillary 69.31m2 (746 sq ft)

Total approximate Gross Internal Area 217.03m2 (2,336 sq ft)

THE BUSINESS

The existing business provides a well-established specialist independent shoe & footwear stockist which benefits from a prime retail location within Windermere town centre. The shop has been established for 25 years and has been run & developed for the last 15 years by the current owner who is selling it due to retirement. Previously to Gina Ricci, the shop has been a footwear business for nearly 100 years and this is an extremely rare opportunity to buy such a highly regarded business. The 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.

The shop currently stocks a range of high quality ladies and gentleman’s footwear including brands such as Dubarry, Gabor, HB, Lisa Kay and also one of the finest English shoemakers, Barker of England. Further information will be provided to serious parties upon application.

The current operators have lived on site however there is the potential to separate the living accommodation from the business, subject to the relevant statutory consents.

Gina Ricci is shortlisted in the Independent Footwear Retailer of the Year category 2019 and has for the last 5 years been in the top 5 independent shoe shops in the country voted by Drapers Footwear UK.

TRADING ACCOUNTS

Three years of audited trading accounts are available upon request for serious interested parties from the Windermere office of Edwin Thompson and subject to client approval.

SERVICES

The property is connected to mains electricity, gas, water and the mains drainage/sewerage system.

Prospective purchasers should make their own enquiries as to the services available for future use.

PROPOSAL

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 be sold subject to valuation at the sale date.

All enquiries to sole agents Edwin Thompson.

VAT

All figures quoted are exclusive of VAT where applicable.

RATEABLE VALUE

It is understood from the VOA website that the premises has a Rateable Value of £15,250.

The current Uniform Business Rate is 50.4p in the pound for the year 2019/20.

LEGAL COSTS

Each party is to bear their own legal costs in the preparation and settlement of the sale documentation together with any VAT thereon.

VIEWING

The properties are available to view by prior appointment with the Windermere Office of Edwin Thompson LLP. Contact:

Joe Ellis – [email protected]

Suzie Barron – [email protected]

Tel: 015394 48811

www.edwin-thompson.co.uk

IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:
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.
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 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.
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.
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.
5. These particulars were prepared in April 2019.

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

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