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Restaurant for sale

Market Hill, Chatteris, Cambridgeshire, PE16 6BA

Guide Price* £275,000

Property Description

Key features

  • Substantial commercial restaurant property
  • Prominent location within town centre
  • Good investment/development opportunity

Full description

Tenure: Freehold

Substantial commercial restaurant property in prominent town centre location. For Sale by Public Auction on 7th December 2016 £275,000-£300,000*

Substantial commercial restaurant property
Prominent location within town centre
Good investment/development opportunity
Freehold with vacant possession
Location
From the High Street head south on the B105 where the High Street becomes Market Hill. The property can be found on the right hand side, next to Lloyds Bank. Chatteris is a busy market town in the heart of the Fens with good links to Ely, March, Peterborough and Huntingdon.

Description
A rare chance to purchase a deceptively spacious mid-terrace commercial property, in the heart of the market town of Chatteris. The building is of brick construction predominantly under a pitched slate covered roof. The property, currently trading as 'Saffron Cuisine', has a small frontage on to Market Hill, but upon entering the premises the width of property expands to reveal a substantial floorspace.

In brief, the internal accommodation comprises:
Ground Floor: Entrance from Market Hill with a store room incorporated; main service area with bar and space for up to 90 covers, laminate flooring and suspended ceiling incorporating down lighters; kitchen/ preparation areas with industrial kitchen units; mens and ladies customer toilets.
First Floor: Small office/staff room which is in need of refurbishment.
Lower Ground Floor: Cellar which has been converted into a further function area for 40 covers with serving bar; 2 staff rooms; pair of toilets and shower room.

The extensive accommodation totals approx. 6,000sq.ft. and offers a flexible area for a purchaser. The main serving areas are in very good condition, but the First and Lower Ground floor areas are in need of some refurbishment. EPC Rating: D

PlanningIt is understood that the property is Grade II listed. Interested parties are advised to speak to Fenland District Council regarding any specific planning matters via www.fenland.gov.uk.

Cheffins Property Auction Dept 01223 213777*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.


Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Cheffins Residential, Property Auctions on 01223 213777.


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