38 High Street, Cricklade, Wiltshire

£850,000

Guide price

DESCRIPTION

The property comprises a substantial mixed use commercial and residential premises with scope to alter and extend (STP). At present the premises comprises a multi-faceted commercial and entertainments business incorporating: Café/Bar, Events Venue/Entertainments Hall, Office Premises and 3 Bedroom Staff Accommodation. To the rear of the property, let on a long leasehold to the local authority is an area of car-parking.

Cafe Bar:

This vibrant and successful space was created by the current owners following a complete renovation of the former Working Mans' Club premises at the site. The property was thoroughly renovated in early 2016 to include re-plastering, replacement ceilings, replacement heating system, installation of an open plan kitchen area, new pot wash area, new bar with 10 no. short run bar taps with chillers, installation of new lighting and flooring, and provision of Wi-Fi and CCTV throughout the building.

Event Venue:

To the rear of the property is an event hall with capacity for 220 and 2am licence. This part of the property was also renovated in late 2016 including replastering, the installation of new flooring, renovation of the 'retro' bar area, installation of event lighting and sound. Between the Cafe/Bar and the events venue is a lobby area with Male and Female toilets.

Office Space:

To the side of the building, behind the main bar, is an area of office space extending to approximately 550 Sq Ft NIA, providing space for around 14 desks with high speed internet.

Residential Accommodation:

On the first floor is staff accommodation comprising a 3 bedroom flat incorporating: Lounge, Kitchen, 3 Bedrooms & Bathroom. Stairs rise to the second floor where there are two further rooms (currently unimproved).

GENERAL INFORMATION

Size: The ground floor of the premises extends to approximately 5,700 Sq Ft GIA of which the public facing areas comprise approximately 4,500 Sq Ft

Going Concern: The property is available as a going concern, subject to separate negotiation concerning the fittings, goodwill, value of stock and TUPE undertakings.

The current successful Cafe Bar has capacity to grow, and has a strong local following and Social Media presence. The event space is hired out for corporate meetings, parties, receptions and town social events: this element of the business has yet to be fully explored. The office space and flat have the ability to compliment these elements of the business by providing additional fixed income.

Those fixtures and fittings not mentioned in the sale particulars are not otherwise included in the sale.

Services: The property is connected to mains water, drainage, gas and electricity. The premises is heated by a gas fired central heating system to radiators.

Local Authority: Wiltshire Council.

Town & Country Planning: Premises is Grade II listed.

Non Domestic Rates: The premises is assessed as having a Rateable Value of £11,750 in the 2017 Non Domestic Ratings List.

EPC: Exempt.

Tenure & Possession: The property is freehold and vacant possession will be given on completion, subject to any discussions with regards the purchase of the business as a going concern.

Arrange viewing 01285 238863

Moore Allen - Sales

33 Castle Street, Cirencester, Gloucestershire

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