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Attractive & Rare Freehold Going Concern For Sale
Description
The property is a Grade II Listed former Vicarage, built in Gothic Revival style brick elevations with Quoins, cornicing and stone mullion windows, under a flat roof.
Internally the property provides an 80 cover restaurant decorated to a high specification arranged over two floors with various private dining areas and a demo studio. The rear of the property at ground floor provides an extensive commercial kitchen and WC facilities. The first floor provides
further dining areas, office and store.
The cellar is located at basement level.
There is a separate detached annexe which is used as an office.
Externally there is a large patio terrace abutting the restaurant, mature gardens and two gravel laid car parks providing parking for approximately 40 vehicles.
Rateable Value
We understand that the Rateable Value for the property is £78,100. Please check the government website for the latest multiplier for England.
Tenure
Freehold going concern business. All staff to transfer under TUPE regulations.
Opportunity
The opportunity exists to acquire the freehold going concern in this award winning restaurant, whom have been trading from the venue for over
20 years. The restaurant operates as a high end destination premises, having secured many accolades and is one of Reading's only fine dining
restaurant, with modern French cuisine.
We have been provided with trading accounts and can confirm that the restaurant has been consistently generating a net turnover in the order of
£1.5 million.
Trading accounts will be supplied to interested parties upon request. The site is also underpinned by its alternative use potential (STP).
Guide Price
Offers in the order of £1.25m are invited for the freehold going concern with all fixtures and fittings included. Stock in addition subject to valuation
at completion.
EPC
The property is Grade II Listed and therefore EPC exempt.
Viewing
Strictly by appointment with Savills or our joint agents, Christie & Co.
EPC exempt - Listed building