Restaurants for sale in Bishops Stortford

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Super bar & restaurant and substantial character property in central Bishop's Stortford

Bishops Stortford, Hertfordshire, England

  • Freehold Price: £825,000
Seller Reference: BISHOPSSTORTFORDWL
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Business Description
 
 
 
 
 
 
 
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Seller Reference: BISHOPSSTORTFORDWL
Request Details
Business Description
• Substantial character period corner property, part of former brewery
• Superb location within Bishop's Stortford adjoining new arts centre and residential development, Waitrose and multiple car parks
• 80+ covers vaulted ground floor and 40+ covers basement cellar bar
• Substantial commercial fitted kitchen
• Fully licensed and fitted to a high standard

Property
31 Water Lane is a former brewery which dates back to the 17th century and has been restored to exacting standards to offer attractive and versatile trade space arranged over three storeys. The building utilises charming period features such as exposed brickwork and beams throughout.

At ground floor, a pair of French doors open into the main reception area, which has access to the main restaurant, male, female and accessible WCs, stairs down to the basement and stairs leading to the mezzanine level. With a mixture of fixed and loose seating, the restaurant dining area has covers for c. 80 covers at ground floor level and features an attractive vaulted ceiling with exposed beams.

A further 20-25 covers are catered for at mezzanine level. To the rear there is a service bar, with the back of house areas including a cellar, office, storage rooms and a boiler room. A separate service staircase provides access to all levels.

The basement bar also features a mixture of fixed and loose seating, along with central bar servery which caters for 40+ covers.

On the first floor, there is a sizeable, fully fitted commercial kitchen with extraction, pot wash area and cold store.

The second floor comprises a staff room, further office and 3-pc shower room.

Measurements
The ground floor footprint (GEA) of the building is approximately 261m² (2809ft²).

Planning
We are advised the premises is not Listed but does fall within a Conservation Area. The relevant local authority is East Herts District Council.

Tenure
Freehold offers are sought in the region of £825,000, excluding VAT, which we understand will be payable at the prevailing rate.

Fixtures & Fittings
All trade fixtures & fittings are included in the sale, save for any third party owned items such as beer-raising equipment.

The Business
The business traded very well, and profitably, prior to being forced to close in March 2020.

Financial information can be made available to genuinely interested parties following a viewing. A non-disclosure agreement (NDA) may be required.

Rates & Charges
Rateable Value: £74,500.

The government has introduced a business rates holiday for retail, hospitality and leisure businesses in England for the 2020- 2021 tax year.
Tenure:
Freehold
Location Details:
Water Lane is located in a prime position in central Bishop’s Stortford, which runs parallel to North Street, close to Waitrose. The property sits alongside the proposed redevelopment of Old River Lane, the key elements including:- Arts and cultural centre with a number of flexible performance spaces that could be used for live arts events along with a gallery foyer space, café and high-end cinema screens, library, new public square, pedestrianised access, housing, retail/restaurant space.
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