The Old Restoration, 55-57 High Street, Cheltenham, Gloucestershire GL50 1DX

LOCATION

The town of Cheltenham Spa is situated on the edge of the Cotswolds in an area of outstanding natural beauty. It is famous for its beautiful Georgian architecture, historic schools and famous racecourse.

The whole area is well populated with many local people who use the business all through the year and, of course, there is also a strong tourist trade to this area all through the year as well.

THE BUSINESS PREMISES

The premises are extremely well presented and have been refurbished throughout in the past 12 months comprise the following:

Snug Bar
Snug Bar for 10 with separate games area which seats 12.

Lounge Bar Servery
The attractive long Bar Servery serves a refitted seating space for 36 with plenty of standing room.

Two Further Seating Areas
There are two further seating areas which are used for both eating and drinking seating 36 and 22 respectively.

Ladies WC's

Gents WC's

PRIVATE QUARTERS

On the first floor there is a self-contained home including three bedrooms, kitchen, lounge, bathroom.

THE BUSINESS

Is currently open and trading on a limited basis.

We understand that current sales are circa £5,000 per week. We are unable to warrant this trade or provide accounts.

The landlords believe that this business should be trading at circa £10,000 per week.

TENURE

The property is available on the basis of a brand new 5 year tenancy with Butcombe Brewery.

There will be a tie to Butcombe in respect to the supply of drink products. There is no tie in respect to food.

A rent discount will be granted in the first year of the agreement. Headline rent is £25,000.

Do feel free to contact us for further information.