*Premium Reduced* OIRO £100,000 Winchester City Centre fitted restaurant & bar business with c.134 seats
Description
The character detached building of brick construction of two and three storeys under a pitched tile roof with flat roof extension to the rear. Located to the east corner is a single storey 'garden temple' (portico) of four columns under a multi-pitched slate and part flat lead roof.
The property sits on a plot of approximately 0.118 acres.
Commerical Description
The restaurant has three distinct trading areas located at the lower ground and upper ground floors accessible from a ground floor reception and via two open stairwells.
Lower ground: facing the open kitchen is the Grill Room (34 covers) which benefits from double ceiling height and feature glitter ball. The Mustard Room provides a more intimate dining area (40) with low level views of the waterways outside. Ancillary space includes kitchen, storage and access to rear service yard.
Upper ground: Main bar servery provides stool and table seats (20) leading to the Wine Room (42) which has further lounge seats (22) and benefits from a vaulted ceiling and views down to the Grill Room. Ancillary space includes cold room, storage, customer and staff WCs. To the rear is a spiral staircase and circulation areas.
First Floor: Comprises a function/multi-purpose room (20), office, staff changing and plant room.
Features include an accessible lift between the trade floors.
The Business
Inn The Park is privately owned and opened in March 2021. The business has built a reputation as one of Winchester City Centre's most popular eating and drinking out venues. The property is available for exclusive hire for weddings and hosts numerous events throughout the year. Finance information is available to seriously interested parties.
EPC
The property benefits from an EPC Rating of C-53.
Tenure
Leasehold. The premises are held on the remainder of a 20 year free of tie lease from 29th October 2020 at a passing rent of £65,000 per annum exclusive expiring in 2040. We understand the lease has Full Repair and Insuring Liability.
Transaction Details
Our client is seeking to assign their free of tie leasehold interest. Premium offers in the region of £150,000 are invited for the benefit of the lease, licence, F&F and goodwill. Staff are protected under The Transfer of Undertakings (Protection of Employment) Regulations 2006. Stock at valuation is to be purchased upon completion by negotiation.
Viewings
The business is currently trading and staff are not aware of any potential sale. Please do not approach the staff or business directly. We recommend a discreet customer visit in the first instance (check the website for latest opening times). Formal viewings can be arranged by appointment with the sole selling agents, Savills.
C (53)
Name | sq ft | sq m | Availability |
---|---|---|---|
Lower Ground - Trade & Ancillary | 2,702 | 251.02 | Available |
Upper Ground - Trade & Ancillary | 2,680 | 248.98 | Available |
1st - Ancillary/Function | 1,130 | 104.98 | Available |
Outdoor - Terrace Trade | 775 | 72 | Available |