Commercial property for sale in Winchester

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. Location Inn The Park is located in the historic city of Winchester, 65 miles south-west of London and 13 miles north of Southampton on the western edge of the South Downs National Park. The city has a population of 45,184 and the wider City of Winchester district is 116,800 (2011 census). This property occupies a prominent position in the green space of Abbey Gardens and is visible from The Broadway, one of the main entrances to the City Centre, less than 120 metres to the north. The gardens are also easily accessible from Winchester Cathedral (350 metres west) and Colebrook Street Car Park. Located close by is the Guildhall, Shoal Restaurant and Winchester City Council offices. The property sits on a waterway from the nearby River Itchen. Immediately to the front is the revamped Abbey Gardens Play Area. The property is within the administration of Winchester City Council. 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 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.

Commercial property for sale in Winchester, England

Restaurant for sale

Description

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