Restaurant/cafe for sale in Tewkesbury GL20

£340,000 < Back to search results

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Property Description

Tewkesbury is an historic market town located in North Gloucestershire, situated approximately 10 miles to the North of Cheltenham and Gloucester, 48 miles North of Bristol, 45 miles South of Birmingham and 105 miles North West of London. The town’s excellent road communications and attractive working environment have attracted major companies, retailers, and restaurateurs alike.

The premises are located on Church Street in the town centre just to the South of The Cross which is the centre of the town and approximately thirty metres from the historic Tewkesbury Abbey.

84 & 85 Church Street comprises a Grade II Listed mid-terraced building, originally two buildings which have been combined to provide a restaurant and associated commercial kitchen at ground floor level, with residential accommodation above.

84 Church Street is of traditional painted brickwork construction under a tile covered hipped and pitched roof, and 85 Church Street is of traditional painted blockwork construction under a tile covered pitched roof.

There is a single storey extension to the rear, of brickwork construction under a flat roof.

Externally, there is a courtyard to the rear, which is accessed either from the kitchen, or the side alley, named Turners Court.

Approximate measurements and floor areas
Internally, the ground floor comprises a restaurant providing 29 covers with a commercial kitchen to the rear, which measures an approximate Net Internal Area of 600 sq ft (55.82 sq m).

The upper floors provide four bedroom residential accommodation, and part of the first floor could provide additional ancillary space for the commercial element of the building, perhaps as an office or function room.

The upper floors measure to an approximate Net Internal Area of 794 sq ft (73.75 sq m), and and it should be noted this floor area does not include one of the bedrooms and the bathroom.

The building retains many period features.

There are two storage areas constructed in the rear courtyard, totalling an approximate Gross Internal Area of 192 sq ft (17.77 sq m).

The Seller has operated My Great Grandfathers Restaurant successfully for the last seventeen years, and the restaurant has a Tripadvisor rating of 5.0, being #1 of 32 British restaurants in Tewkesbury, and #2 of 45 restaurants in Tewkesbury.

It is proposed that the sale will include the trade fixtures and fittings, equipment, and goodwill of the business.

Trading accounts are available to bona fide parties on request.

Mains electricity, gas, water and drainage are all connected. Gas central heating is provided via a new Ideal boiler.

Subject to Contract
The Seller proposes to dispose of the Freehold property and restaurant business on an unconditional basis, providing vacant possession to the purchaser on completion.

Proposals are invited based on £365,000 for the Freehold property, trade fixtures & fittings, equipment, and goodwill of the business.

It is understood the property is not elected for VAT.


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