Attractive Spacious Freehold Cotswold Stone Restaurant And Bar For Sale

Business description

Outstanding opportunity to acquire a spacious freehold property in this sought after Cotswolds locality.

We understand the premises are Grade II listed and have the benefit of a premises licence for the sale of wines, beers and spirits which, we understand also allows off sales, if desired.

Front staircase to large basement with woodstrip floor, air conditioning/heat-ing plus music system. Seating area.

Gentlemen's cloakroom with 4 w.c's plus 4 wash hand basins.

Adjoining basement area with additional front entrance from ground floor. We understand is held on a renewable lease at a rental of £12,000 p.a. The bar has a tiled floor. Attractive bar with 9 handpumps, 2 double-door counter fridges, 1 single-door counter fridge, double sink and drainer, glasswasher. Tables and chairs plus bar stools providing seating for 30 persons plus ample standing.

Ladies' cloakroom with w.c. and wash hand basin.
Gentlemen's cloakroom with urinal, w.c. and wash hand basin.

Small rear courtyard.

Front entrance to ground floor of the freehold property, comprising large cocktail bar/restaurant with woodstrip floor, 2 chandeliers. Tables and chairs providing seating for 40 persons. Bar with 1 handpump, 1 double-door glass fronted fridge, 1 single-door glass fronted fridge, double sink, glasswasher.

Ladies' cloakroom with 3 w.c.'s and 2 wash hand basins.

Stairs to mezzanine floor compising small storeroom plus large storeroom with deep freeze and wine fridge.

Cloakroom with w.c. and wash hand basin.

Stairs to first floor. Attractive restaurant with woodstrip floor, ceiling lighting. Tables and chairs providing seating for 50 persons.

Stairs to mezzanine floor comprising catering kitchen, nonslip floor. We understand the kitchen was newly fitted in approx. 2005.

Cooking area with stainless steel extractor unit, stainless steel cladding to walls. 6-burner gas cooker, deep fryer, griddle, salamander, hotplate cupboard, dishwasher, double-door glass fronted counter fridge, 2-door stainless steel counter fridge, hot display cabinet with lighting, stainless steel tables, sink and drainer, wash hand basin.

Second floor, 2 large rooms plus 1 small room with 2 fridges. Additional mezzanine floor with office.

In our opinion, the second floor has potential to be converted into private living accommodation, if required.

Outside, small yard area.

Property information

Property:

Freehold

Lease terms:

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

Location:

Excellent trading position, within approx. 100 yards of the Promenade, GLOUCESTERSHIRE.

Other information

Expansion potential:

The present owner is only operating the basement bar at the present time and WE ARE INFORMED the turnover is in the region of £2,000/£2,500 p.w. Wet sales only. It will be appreciated upon inspection that there is terrific potential to develop additional turnover from operating the ground floor bar plus first floor restaurant.

Reasons for selling:

OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY PLUS ADJOINING BASEMENT LEASE, GOODWILL, FIXTURES & FITTINGS, IN THE REGION of £550,000 PLUS STOCK AT VALUATION. SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Trading hours:

At present only open Thursday, Friday & Saturday evening from 8 p.m. - late.

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT