This property has been removed by the agent.It may be let or temporarily removed from the market View similar properties
Commercial property to rent
Church Street, Upton upon Severn
- Commercial Property house
Letting information:Furnishing: Not Specified
CONTEMPORARY DINING FOR UP TO 61 COVERS
£20,000 FOR GOODWILL, FIXTURES AND FITTINGS
Location & Description:
The premises are situated close to the centre of this historic riverside town which serves a wide rural catchment area. The town is well known for its many festivals throughout the year and its thriving tourist industry. Strategically the town is well located some 8 miles (approx) from Malvern, 10 miles (approx) from Worcester and 6 miles (approx) from Tewkesbury. The city of Gloucester is approximately 15 miles and access to junction 1 of the M50 motorway is approximately 3 miles away.
The premises briefly comprise (with approximate dimensions)
4.97m (16ft 4in) x 3m (9ft 10in)
Front restaurant area has views across Church Street to Upton's affectionately known "Pepperpot" being the tower of the original Church now used as a Heritage Museum, and this area leads into an additional seating area including the main bar (shown).
This area is currently set out to accommodate 16 covers.
7.47m (24ft 6in) x 7.03m (23ft 1in)
Main restaurant area with approximately 45 covers, with traditional timber flooring and refurbished decor providing a contemporary dining atmosphere served by a quality kitchen to the rear. The restaurant has been fully renovated within the last 18 months and is complimented by new modern tables and chairs.
The restaurant has operated during the following times
Monday and Tuesday - closed
Wednesday 5pm - 11pm
Thursday 5pm - 11pm
Friday 5pm - 11pm
Saturday 10am - 11pm
Sunday 10am - 5pm
5.34m (17ft 6in) x 3.76m (12ft 4in)
Fully operating commercial kitchen with two stores to the rear providing fridge and freezer and dry goods storage space. The kitchen was refurbished 18 months ago and the majority of the main components were replaced at that time.
Male and female WC's off main restaurant area.
We have been advised that mains electricity, water, gas and drainage are connected to the property. Air conditioning/heating is provided in the main restaurant by wall mounted units.
This information has not been checked with the respective service providers and all interested parties may wish to make their own enquiries with the relevant authorities. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending purchasers are advised to satisfy themselves where necessary.
The property is currently held on a lease on a 25 year term from the 1st September 2006, expiring on the 31st August 2031.
A reduction in the passing rent of £20,750 down to £19,750 has recently been agreed with the landlord, with the rent then stepping up gradually over the next 4 years to a rent of £22,750 with effect from 1st September 2015.
A copy of the lease will be made available to interested parties.
The property has been in use as a restaurant for a number of years with the recent incumbance having modernized the restaurant internally. The sale of the business offers an opportunity to increase turnover by offering extended tradin hours and diversifying the menu.
Rateable Value £8,000 (1st April 2010)
Rates Payable £3,408 (2011/2012)
Due to the current rateable value, the property may benefit from small business rates relief.
This information has been obtained from the valuation office website however interested parties should confirm with the local billing authority that the quoted figures are accurate and as to whether any small business rates relief may be available. Worcester Council 01905 822755.
Each party to pay their own legal costs in respect of the lease assignment.
£20,000 for goodwill, fixtures and fittings excluding alcohol.
Without prejudice to the generality of the foregoing, John Goodwin FRICS has made every effort to ensure that measurements, details and particulars are accurate. However, they are only an approximate general guide and the property particulars are produced in accordance with the Property Misdescriptions Act (1991) and should not be construed as a contract or offer. Any financial charge, regulatory/statutory information, lease, ground rent, photographs, service charge and distance details cannot be guaranteed for accuracy and therefore we recommend interested parties take legal advice prior to execution of any contract