3 Bedroom Commercial, Italian Restaurant, Market Street, Bacup, Rossendale – For Sale Via Auction

Description

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
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An excellent opportunity to acquire a well-established family-run Italian restaurant with a strong local reputation and over 30 years of successful trading. Mario’s is a much-loved dining destination in Bacup, known for its warm hospitality, authentic Italian cuisine, and inviting atmosphere.

Offering a fully equipped restaurant business, a spacious three-bedroom apartment, and a prominent town-centre location, this property presents a fantastic opportunity for owner-operators, investors, or developers. The building also offers future potential for alternative uses or conversion into residential apartments, subject to the necessary planning permissions.

Whether continuing the success of this thriving restaurant or exploring new development possibilities, the property provides a versatile and exciting investment opportunity.

Mario’s has been a well-known fixture in Bacup’s dining scene for more than three decades, earning an excellent reputation for quality Italian cuisine and friendly service. The restaurant offers seating for approximately 65–70 diners, creating a lively yet comfortable environment for customers.

The business currently generates a turnover of circa £250,000 per annum, with an impressive profit margin of approximately 74%.

The sale includes a complete restaurant setup, allowing a new owner to continue trading immediately. Included within the sale are:

Fully fitted commercial kitchen, Gas pizza oven, Refrigeration units and freezers, Cooking equipment and ovens, Pot wash system, Bar area fixtures, Tables, chairs and restaurant furniture

This turn-key opportunity makes it ideal for restaurateurs looking to step into a well-established and profitable business.

The restaurant occupies a highly visible position on Market Street, benefitting from strong passing trade and footfall. The property is located close to major supermarkets including Morrisons and Aldi, further enhancing customer accessibility and visibility.

The property is a characterful stone-built end-terrace building beneath a traditional slate roof, with the addition of a single-storey annex to the rear. The building is well maintained throughout and benefits from gas-fired central heating and UPVC double-glazed windows, ensuring comfort and efficiency.

The ground floor houses the restaurant itself, featuring a welcoming entrance area, spacious dining room, and bar area which creates a warm and inviting dining atmosphere.

Above the restaurant is a generous three-bedroom apartment, offering either comfortable owner-occupier accommodation or the opportunity for additional rental income.

The property also benefits from a large cellar level, which provides extensive storage areas together with staff facilities.

Overall, the building extends across three floors, offering substantial space for both commercial operations and residential use.

The restaurant and facilities have been significantly improved in recent years, ensuring the premises remain in excellent condition.

Recent works include:
Toilet Renovation – 2016, Kitchen Renovation – 2016, Restaurant Refurbishment – 2017, Bar Renovation – 2018
These upgrades have ensured the premises remain modern, functional and appealing to customers.

Accommodation Overview
Cellar (Approx. 1,103 sq ft)

The cellar provides extensive storage and staff facilities, including:

Bottle store, Boiler room, Laundry area, Multiple storage rooms, Staff changing rooms, Staff WC.

Ground Floor

Entrance Hall

Restaurant Area – Approx. 1,309 sq ft

Bar Area – Approx. 161 sq ft

Kitchen – Approx. 130 sq ft

Food Preparation Area – Approx. 248 sq ft

The restaurant area comfortably accommodates 65–70 covers and provides an inviting dining environment.

Apartment Accommodation

Situated on the upper floor is a spacious three-bedroom apartment, offering flexible accommodation suitable for owner occupation or rental income.

The apartment comprises:

Bedroom 1 – 118.24 sq ft
Bedroom 2 – 195.26 sq ft
Bedroom 3 – 184.76 sq ft

Kitchen – 45.33 sq ft

Lounge – A bright and spacious living room overlooking the front of the property.

Bathroom – Fitted with shower, hand basin and WC.

Site Area & Parking

The property occupies a site area of approximately 2,000 sq ft.

While there is no dedicated parking included within the title, there is currently a verbal agreement with a nearby landowner which provides parking spaces suitable for both customers and staff.

Services

The property benefits from all main services, including gas, electricity, water and drainage.

Heating is provided by gas-fired central heating throughout the building.

Business Rates

The property has a Rateable Value of £13,250.

Rates payable are approximately £5,000 per annum, although interested parties should verify this information with the Local Rating Authority.

Legal Costs & VAT

Each party will be responsible for their own legal costs incurred during the transaction.

All prices quoted are exclusive of VAT, which may be payable at the prevailing rate if applicable.

Viewing

Viewing is highly recommended to fully appreciate the quality of the restaurant, the size of the property, and the potential it offers.

Viewings are strictly by appointment through the appointed agents.

Location

Bacup is a historic market town located within the Rossendale Valley in Lancashire. The town developed during the 19th century industrial era, becoming an important centre for textile manufacturing. Today, Bacup retains much of its traditional charm, characterised by historic stone buildings, scenic countryside surroundings, and a strong local community.

The town is home to several notable landmarks including the Bacup Natural History Society Museum and St John’s Church, while community events such as the Bacup Easter Saturday Folk Parade celebrate the town’s heritage and vibrant culture.

The area surrounding the property offers a blend of traditional Lancashire character and ongoing regeneration, making it an increasingly attractive destination for residents, businesses and visitors alike.

Local amenities continue to improve, with major supermarkets including Morrisons and Aldi located nearby, and plans for enhancements to the local market, which aim to further strengthen Bacup’s retail and community offering.

Bacup also benefits from excellent connectivity, providing convenient access to nearby towns and cities including Rawtenstall, Rochdale, Burnley, Blackburn, Accrington, Manchester and Leeds.

Surrounded by beautiful countryside and rolling hills, Bacup offers a unique balance of rural charm and urban accessibility, making it an appealing location to live, work and invest.