The Henry Potts, 85 Watergate Street, Chester, CH1 2LF

Occupying the lower ground/basement of Chester's historic Watergate House, a Grade II Listed Georgian dwelling of colour rendered brick elevations beneath a pitched tiled roofline.

The property has been lavishly restored whilst retaining a number of original period style features to include; open-grate fireplaces, sash and brick bow windows, cast iron columns within cosy intimate vaulted ceiling rooms.

The property is ideally located within the basement of Watergate House at the intersection of Watergate Street and Nicholas Street Mews, within 5 minutes walk of either Roodee Chester Racecourse or the city centre's main licensed and hospitality circuit.

Lounge/local's bar (40), served by corner mounted wooden bar servery, tiled flooring, original cast iron fire feature open to dual zone open-plan dining restaurant (75) with exposed wooden flooring. Fresh redecoration throughout.

All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

Comprehensively fitted trade induction kitchen with adjacent pot wash area, staff room, manager’s office, beer cellar and cellar drop, large cold store and dry goods store. Services and appliances newly fitted in 2022 to a very high specification.

The business presently trades as a highly regarded public bar and restaurant offering a range of fine ales, wines, and spirits complimented by seasonal freshly prepared menu.

The business currently operates under management free of tie.

Annualised 12 month management figures show a net turnover of £678,321 with a gross profit margin of 71% achieved.

The property has a licence from 8am - 3am 7 days a week.

Current opening times of:

Monday to Thursday: 11.30am - 11pm
Friday & Saturday: 11.30am - 12am
Sunday: 11.30am - 10pm

Food service:
Monday to Thursday: 12pm - 9pm
Friday & Saturday: 12pm - 9.30pm
Sunday: 12pm - 8pm

Leasehold. 25 year free of tie lease to 2046 with an annual passing rent of £20,000 per annum with 4 yearly reviews, subject to inflation only.

The Rateable Value is £36,250 with effect from April 2024. Confirmation of actual business rates payable should be obtained from the local authority.

The business has a licence to serve alcohol 09:00. - 03:00 7 days a week