WORCESTER - VIBRANT CITY SUBURB

The Cathedral City of Worcester is the County Town and a University Town. It is located 17 miles south west of the Birmingham suburbs and 23 miles north of Gloucester with a population in excess of 100,000. It also sits on the banks of the River Severn and has a fine history with heritage in porcelain and being pinnacle in the English Civil War. Today it offers a thriving commercial centre for the surrounding area having a strong economy with the advantage of being close to the nearby centres of Birmingham and Gloucester. Both within easy reach as it sits between junctions 6 and 7 of the M5 motorway.

The Vine Bar & Grill sits on the busy Ombersley Road within the Northwick District of the city on the northern outskirts leading to Kidderminster. It is a well established residential area and the premises benefit from a busy main road location. The property itself has undergone a complete redevelopment and refurbishment scheme since our clients purchased it in 2013 and is now presented in very good order throughout with a small element of the works still to be finished in the restaurant and flat/rooms. Due to the new building works (with services) there will be little major investment required on the property for many years to come.

GROUND FLOOR : Front Entrance Vestibule with tiled floor and wood panelled walls leading to trading areas. LOUNGE BAR, being a comfortably furnished ‘L’ shaped room with tartan carpet and checked tiled floor covering, part oak wood panelled walls, feature brick arch, three feature fireplaces and an eclectic mix of tables, chairs and tub style seats for 40 customers seated, with ample room for many more standing. The feature of the room is the ‘L’ shaped solid oak constructed bar servery.

RESTAURANT, (currently being developed). Large room which will offer 40 seater restaurant with solid oak panelled bar counter from central servery having separate entrance form the car park and bi-fold doors to trade patio. Steps into CATERING KITCHEN (currently being developed) which will provide a state of the art catering kitchen with viewing gallery from the restaurant. Boiler Room. Wash-Up. Dry Store.

LADIES, GENTLEMEN’S AND DISABLED TOILETS.

FIRST FLOOR
STUDIO FLAT with large LIVING ROOM, DOUBLE BEDROOM and EN-SUITE BATHROOM.

SECOND FLAT consisting of FOUR DOUBLE BEDROOMS, two having EN-SUITE facilities. Family BATHROOM and KITCHEN.

OUTSIDE
To the side of the property facing Vine Street our clients have constructed a two-tier composite decked TRADE GARDEN with ornate fencing, planters and seating for approximately 40 customers with direct access to lounge bar.

To the opposite side of the property is a ‘draw on’ CAR PARK with 12 parking spaces and this leads onto a further TRADING AREA that has been finished with decking and seats a further 40 plus.

The business trades as a public house to the local community with a large number of destination customers as its reputation grows. Since opening after the refurbishment they have only offered wet sales to their customers and the business regularly achieves gross sales of £6,000 per week. There is huge scope to introduce a comprehensive catering offering which we understand is in high demand by the current customer base. This would also undoubtedly help to increase the reputation of the business which is already growing steadily. The business enjoys an excellent following for major sporting events especially that of football and rugby.

It currently trades between the hours of 3.00 pm until 11.00 pm Monday to Wednesday. 1.00 pm until midnight Thursday. Noon until midnight Friday and Saturday. Noon until 10.30 pm Sunday.

FREEHOLD BY NEGOTIATION.

LEASEHOLD TERMS

LEASEHOLD £65,000 for the new lease to include trade furniture, fixtures, fittings, effects and goodwill. Stock at valuation in addition. 

Term Five Years on a Full Repair and Insure Basis. The lease to be contracted out of Section 24 to 28 of the Landlord & Tenant 1954 Act. The landlord will consider a five year extension after the original term.

Ingoing £65,000 for the purchase of the trade inventory, goodwill of the business and new lease.

Rent & Reviews £40,000 per annum for the first three years of the term, to be paid monthly in advance, exclusive of vat. Rent to be reviewed every three years throughout the term.

Security Deposit A security deposit of £8,000 is required and this will be lodged with the Freeholder. On termination of the lease, provided that all the leasees maintenance and repairing covenants have been properly executed and there are no other outstanding liabilities, the balance of the funds to be returned to the leasee.

Insurance Freeholder to insure the building and recover the premium from the leasee. Leasee to insure against public liability and contents loss.

Tie Free of tie.

Stock in Trade All saleable wet and dry stock in trade, returnable containers and bar and glassware to be taken over in addition by the purchaser at valuation in completion.


No direct approach to be made to the business, with all communications directed through Sidney Phillips.

Viewing strictly by appointment only.

A Premises Licence is held.

All mains services are connected.