Blacks Brokers is proud to present a unique and highly attractive business opportunity in the heart of Bowness-on-Windermere. Offered for sale at £34,995, this leasehold business combines a fully operational holiday apartment with a retail unit, providing the perfect blend of tourism income and local footfall revenue. The holiday apartment is fully equipped and managed as a turnkey operation, with predicted turnover estimated at £34,000 to £35,000 per annum. This provides a reliable income stream for a prospective new owner or investor. The retail unit, historically operating as a well-known off-licence for eight years, adds a complementary revenue channel with a rental value between £12,000 and £16,000 per annum. The current lease structure allows for one of the premises to be sublet, with the current owners achieving £14,000 per annum from the shop.
This business represents an excellent opportunity for a hands-on owner-operator or a team looking to expand. With the current owners relocating operations to their head office premises to focus on other areas of production and mail order, a new owner has the chance to take over an established, high-potential business with minimal setup required. The retail unit carries a strong local reputation, and a new owner could build on this heritage with a complimentary offering or further diversify the revenue streams.
Located on a prominent corner in the main road through Bowness-on-Windermere, the property enjoys large display windows and consistent foot traffic from tourists year-round. The holiday apartment occupies the first and second floors, accessed separately, and is currently listed with Sykes Cottages for Summer 2024 with a predicted turnover of £35,000. Surrounded by thriving independent shops, eateries, and local amenities, the premises benefit from on-street parking and a pay-and-display car park opposite, further enhancing its appeal for both retail and tourism activity.
The leasehold premises are lock-up retail units in a prime position within a retail parade. The open-plan shop features a large window display, with stairs leading to an unused upper area offering potential for additional retail space or seating. The lower ground floor includes a fitted kitchenette with built-in fridge, a W/C with handwash sink, and a further storage room suitable for retail or operational use.
Above the retail unit, the two-bedroomed holiday apartment is fully fitted to a high standard. On the second floor, it features a large kitchen and dining area with a new kitchen, a character living room with original features, and a second-floor W/C. The third floor comprises a double bedroom overlooking Lake Windermere, a twin bedroom with two single beds, and a bathroom with bath, shower, and W/C. The apartment is a fully self-contained holiday let, delivering a significant annual income stream. The current business also benefits from Small Business Rates Relief, with prospective purchasers advised to confirm payable rates with the relevant authorities.
Financially, the building is offered on a Full Repair and Insure lease (FRI lease), with the current lease being a seven-year term that began in 2020 at £442 per week. A new lease will be assigned upon sale with terms agreed with the landlord at the purchaser’s cost. The holiday let’s rental value is £34,000–£35,000 per annum, with the retail unit at £12,000–£16,000 per annum. Full financial information is available on request.
With the stunning Lake District on the doorstep, high tourist volumes year-round, and a combination of retail and holiday let income, this opportunity is ideally suited to new owner-operators or investors seeking a turnkey proposition. Early viewings are strongly advised to fully appreciate the potential of this exceptional property and business.
If you are considering selling your business, now is the perfect time to take advantage of the strong market and expert guidance provided by Blacks Brokers. We assist business owners across the UK in selling their businesses quickly, efficiently, and profitably, providing free valuations and tailored advice.
This is a rare and compelling acquisition opportunity at £34,995, offering the combination of a well-established holiday apartment and retail premises with excellent visibility and income potential. Interested buyers are encouraged to act swiftly to secure this prime business in Bowness-on-Windermere.
