Restaurants for sale in Alresford

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Restaurant & Takeaway - Equipment Included

Alresford, Hampshire, England

  • Leasehold Price: £65,000  Price Reduced arrow_drop_down
Seller Reference: H21931
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: H21931
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Business Description
LOCATION
The premises are situated within a prime retail pitch, centred in the heart of Broad Street, Alresford, a town in the City of Winchester. Neighbouring occupiers include an Age UK Charity shop, Caracoli Coffee shop, Lavenders independent retailers, Laurence Oxley framing shop, Pizza Express, Pulpo Negro restaurant and many more independent retailers each assisting one another with passing trade, drawing shoppers to this location.

Alresford has good local transport links with Winchester and beyond via the M3 motorway, A31 and B3046. The town also benefits from the Watercress Line which is a heritage railway operating between Alresford and Alton where it joins the mainline services.

TRADING & BUSINESS
The business was opened in November 2018 by hands on local owners. Due to other business commitments and future plans the current owners have decided to sell.

The business has seen continued growth month on month since it was incorporated, and the business owners feel there is a great opportunity to continue to enhance this exceptional restaurant. Please note that the peak season of summer trade has yet to be experienced.

The take-away element of the business makes up approximately 10% of the business takings.

We have been informed that the current turnover is approximately £6,500 per week.

TENURE
The premises are leasehold with the remainder of a 15 year lease expiring January 2028 within The Landlord and Tenant Act 1954. The rent is currently £22,000 plus VAT per annum with a review due in January 2023.

DESCRIPTION
The property comprises a prime 4 storey grade 2 listed building in a row of terraced retail premises.

The premises has recently benefitted from complete rennovation with no screw left unturned, electrics have been re-wired, new plastering and painting, boiler and water system and new commercial extraction fan.

The ground floor has large bay windows to the front which allow passers by to get a glimpse of the stylish inside. A clean and tidy bar to the ground floor area with 8 covers spread over 2 dining tables on fitted wooden flooring, with clean neutral walls and various period features and reception area for takeaway clients.

The kitchen is also located on the ground floor with new equipment throughout.

The first floor is accessed via a stairwell which in turn houses a further 40 covers. This floor has its own bar area and is fitted out with carpets, neutral painted walls with further period features, stylish artwork and furnishings. Both ladies and gents w/cs are located on this floor with hand wash basins and a separate w/c. Please note that artwork are not included in the sale.

The second floor is laid out as staff accommodation with 2 double bedrooms, a single bedroom and a bathroom. Below the ground floor to the sizeable basement where the current owner stores excess furnishings and some dry groceries but has the potential for further dining subject to any building consents required.

There is further potential to the rear of the premises with a covered area which is currently used for storing disused equipment.

This could be used for an external seating area perhaps a wine or beer garden, although access is shared with neighbouring properties so we would recommend consulting the planning department prior to any remedial works taking place.
Tenure:
Leasehold
Location Details:
The premises are situated within a prime retail pitch, centred in the heart of Broad Street, Alresford, a town in the City of Winchester. Neighbouring occupiers include an Age UK Charity shop, Caracoli Coffee shop, Lavenders independent retailers, Laurence Oxley framing shop, Pizza Express, Pulpo Negro restaurant and many more independent retailers each assisting one another with passing trade, drawing shoppers to this location. Alresford has good local transport links with Winchester and beyon
Leasehold Term:
The premises are leasehold with the remainder of a 15 year lease expiring January 2028 within The 1954 Landlord and Tenant Act. The rent is currently £22,000 plus VAT per annum with a review due in January 2023.
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