LOCK-UP LICENSED ITALIAN CAFÉ/RESTAURANT, WITH SUNNY PAVED FORECOURT SEATING 50, HISTORIC CATHEDRAL CITY CENTRE, WINCHESTER, HANTS. Established by Vendor 33 yrs ago & now offered for sale due to retirement. Offering a traditional Italian menu. Air-con restaurant seats 30 with large, sunny, paved forecourt – seats 50 (subject to L/A Lic). Well equipped catering kitchen with 3-phase. Accts record T/O of £357,583 (ex VAT). GP £244,286 (68.3%). Offered with new 10 yr lease at £19,000 p.a.x. – OIRO £100,000 + S.A.V. (Ref. C.3807). PLEASE VISIT OUR WEBSITE: www.andrewgreenwood.com
The Cafe/Restaurant opens for morning coffee at 9.00 am, through lunch to 3.00 pm, re-opening in the evening from 6.00 pm, with last orders at 9.30 pm. During the winter months the restaurant is closed on Sunday and Monday.
This well-known Italian Café/Restaurant occupies a prime location, fronting a busy main road, in the affluent, Cathedral city centre.
We understand that a new 10 year lease is currently being negotiated with the Landlords, Winchester City Council. It is proposed that the rent will be £19,000 per annum, exclusive, subject to a rent review after the first period of 5 years.