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Licensed Restaurant In Cheltenham For Sale

Cheltenham, Gloucestershire, UK
Asking Price:
£47,500
Turnover:
Available on request
Net Profit:
Available on request

Fantastic opportunity to purchase a licensed restaurant nestled in the heart of the vibrant Regency town of Cheltenham. This is a rare opportunity to acquire a thriving culinary venture in an exceptional location. The business occupies an elegant Grade II listed 3-storey Georgian property adorned with captivating period features, setting the stage for an inviting dining experience. In addition to the 30 seat dining area there is also an event/function room offering an additional 30+ covers, your recipe for success awaits! The property also boasts an unoccupied self-contained three bedroom living space, presenting an opportunity for onsite residence.

Key features:
- Fully licensed restaurant
- Fantastic high street location in the heart of Cheltenham
- Nestled in a Grade II listed 3 storey gem
- 30 seat dining area and 30+ seat event/function room
- Unoccupied self-contained 3 bedroom flat

Property Information

Property:

Leasehold

Lease Terms:

Subject to the landlord’s formal approval, the present lease shall be surrendered simultaneous with the granting of a new fully repairing and insuring 12 year lease to the purchaser, commencing at the passing rent of £25,000 per annum, exclusive of rates.

Subject to the status of the ingoing tenant, the landlord may request a rent deposit equivalent to 3 or 6 months annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Living Accommodation:

Unoccupied self-contained 3 bedroom flat.

Location:

Busy high street location.

Premises Details:

3 storey grade II listed Georgian property.

Size in square feet:
1,829

Business Operation

Reasons for selling:

Owners retirement.

Years established:
10