In a transaction agreed after, and completed during lockdown, Peill & Company has acted for a private property investor in the acquisition of a Lake District restaurant in Bowness on Windermere. Greenbank, at 50 Lake Road occupies a prime retail location in the heart of Bowness on Windermere and is let to Jintana, a Thai restaurant company with other outlets elsewhere in the Lake District. Simon Adams, Managing Director of Peill & Company commented “We were delighted to be able to advise on this attractive restaurant investment which demonstrates that, even during the Coronavirus pandemic, there is an appetite from private investors to acquire prime investment property in the Lake District National Park. The boom of ‘staycation’ holidaymakers has seen the visitor economy in Cumbria benefitting substantially, and we hope that will continue into the autumn and final quarter.”
Peill & Company’s property management department has been instructed to manage the property on behalf of the purchaser, who is building a portfolio of commercial property investments in and around Cumbria.