Commercial Property for saleThe Pitstop Cafe, Fosse Way, Nr Shipston on Stour
81,282,960 sq. ft.
- 81,282,960 sq ft (7,551,434 sq m)
An attractive single storey restaurant premises on a prominent main road - Fosse Way - location, together with about 25 car parking spaces, at one time used as the Little Chef and more recently operating as The Pitstop.
It is located about 2.5 miles from Shipston-on-Stour, five miles from Moreton-in-Marsh and fifteen miles from Stratford-upon-Avon.
The property is fronted by a Cotswold chipping parking area, lawned area and grass verge and with ample car parking at the rear. The whole of the site extends to about 0.37 of a hectare (0.9 acres) and there is a small field to the south of the building.
The building affords restaurant premises, together with kitchens and servery and WC facilities. Briefly the accommodation comprises: Entrance porch, reception area, bar servery, restaurant area with accommodation to seat 75-80 covers, substantial kitchen area extending to about 34 sq m, male, female and disabled lavatory facilities and gross internal floor area of about 173.38 sq m (1866 sq ft). Externally there are about 25 marked spaces to the north and rear of the building
SUBSTANTIAL KITCHEN Extending to over 34 sq m at the rear.
GROSS INTERNAL AREA Approximately 173.38 sq m (1866 sq ft).
TOILET FACILITIES Male, female and disabled.
EXTERNALLY Parking with 25 marked out spaces to the north and rear. There is an additional area of land to the south where there are two gas tanks.
SERVICES We understand that mains water and electricity are connected to the property. A private sewage system (septic tank). We have not verified this and purchasers should make their own enquiries regarding drainage.
BUSINESS EQUIPMENT The premises are extensively fitted out as a restaurant and include commercial kitchen equipment for preparation, storage and cooking of food.
The sale is subject to an agreement for the acquisition of the kitchen equipment and furniture.
Subjective comments in these details imply the opinion of the selling Agent at the time these details were prepared. Naturally, the opinions of purchasers may differ.
Money Laundering: We have in place procedures and controls which are designed to forestall and prevent Money Laundering. If we suspect that a supplier, customer/client, or employee is committing a Money Laundering offence as defined by the Proceeds of Crime Act 2002, we will in accordance with our legal responsibilities disclose the suspicion to the National Crime Agency.
Agents Note: We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. All room measurements and mileages quoted in these sales particulars are approximate.
Fixtures and Fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.
Tenure: The property is offered freehold and there is potential for a variety of uses other than as a restaurant, subject to the usual planning consents.
Covenants: There are a number of covenants attached to the property, none of which are particular onerous, and these relate to properties adjoining. There are copies of the covenants available from the selling agents. The vendors may agree to grant a lease of the premises at an annual rental of £28,000 p.a.
Services: We understand that mains water and electricity are connected to the property. There is an additional area of land to the south where there are two gas tanks and what appears to be a private sewage system (septic tank). We have not verified this and purchasers should make their own enquiries regarding drainage.
Drainage: We understand that there is a private drainage system - septic tank/cesspit.
Local Authority: Stratford-upon-Avon District Council.
Postal Address: The correct postal address of the property is understood to be The Pitstop, Fosse Way, Stretton-on-Fosse, Moreton-in-Marsh, Warwickshire, GL56 9RE.
Land: It is suggested that prior to exchange of contracts, prospective purchasers walk the land and boundaries in order to satisfy themselves as to the exact area of land they are purchasing and also to check all fixtures and fittings either included or excluded in the sale.
Directions: From Stratford-upon-Avon proceed south on the A3400 signposted towards Shipston-on-Stour. Having passed through the villages of Alderminster and Newbold-on-Stour, upon reaching Tredington and the traffic island, turn right onto the A429 Fosse Way signposted to Moreton-in-Marsh. After approximately 3.6 miles, The Pitstop will be found on the left hand side next door to the Shell Filling Station.
VAT The property is elected for VAT and therefore VAT will be payable on the purchase price. The valuation office lists the rateable value as £19,750. Rates payable in the financial year 2014/2015 0.456p on the pound.
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