HEREFORD CITY CENTRE – MIXED USE PROPERTY PROVIDING RESTAURANT AND THREE SEPARATE FLATS
Hereford, Herefordshire
Ref: 48389
£750,000
Freehold
1 / 4
Key Features
Location
The cathedral city of Hereford is the county town of Herefordshire and has a population of approximately 60,000. It is the commercial and economic centre for the county and the wider area. It is home to several major employers and a university campus linked to Worcester University. It has good communication links and a main line rail link to London.
The subject property is situated on Union Street at the heart of the busy city centre. It is surrounded by a large number of retail, leisure and residential properties, all of which contribute to a busy footfall of potential customers, and is used by the occupants of the residential element of the building. The property itself offers accommodation over three floors and is of modern construction, being newly built in 2006. It has a modern sandstone clad frontage and a flat roof.
The subject property is situated on Union Street at the heart of the busy city centre. It is surrounded by a large number of retail, leisure and residential properties, all of which contribute to a busy footfall of potential customers, and is used by the occupants of the residential element of the building. The property itself offers accommodation over three floors and is of modern construction, being newly built in 2006. It has a modern sandstone clad frontage and a flat roof.
Property
Front entrance into well appointed RESTAURANT seating 72 customers with a tiled floor and bar counter. Electric dumb waiter to first floor. CATERING KITCHEN appointed to a good standard. Ladies, Gentlemen’s and Disabled TOILETS. STOREROOM.
First floor
Large STOREROOM including walk in chiller and freezer with dumb waiter. Food PREPARATION ROOM.
RESIDENTIAL ACCOMMODATION
First floor:
FLAT 1: providing an open plan KITCHEN/LOUNGE with additional BEDROOM and BATHROOM.
Second floor:
Two further flats vis.
FLAT 2: with open plan KITCHEN/LOUNGE, BEDROOM and BATHROOM.
FLAT 3: providing open plan KITCHEN/LOUNGE, DINING ROOM, three BEDROOMS and BATHROOM.
EXTERNAL
To the side of the property is a small YARD with a pedestrian right of way to independently owned residential properties at the rear of the subject premises.
First floor
Large STOREROOM including walk in chiller and freezer with dumb waiter. Food PREPARATION ROOM.
RESIDENTIAL ACCOMMODATION
First floor:
FLAT 1: providing an open plan KITCHEN/LOUNGE with additional BEDROOM and BATHROOM.
Second floor:
Two further flats vis.
FLAT 2: with open plan KITCHEN/LOUNGE, BEDROOM and BATHROOM.
FLAT 3: providing open plan KITCHEN/LOUNGE, DINING ROOM, three BEDROOMS and BATHROOM.
EXTERNAL
To the side of the property is a small YARD with a pedestrian right of way to independently owned residential properties at the rear of the subject premises.
The Business
The Golden River Restaurant is operated by the vendors and currently trades seven evenings and five lunchtimes per week. The business carries a takeaway menu which historically proved very popular. At present, with the limited hours and no delivery, the business is achieving gross sales of approximately £3,000 per week.
The three flats have always been used by family members and staff, and therefore do not generate income. There is undoubted scope to rent the properties if required as the access is separate to that of the restaurant premises.
The three flats have always been used by family members and staff, and therefore do not generate income. There is undoubted scope to rent the properties if required as the access is separate to that of the restaurant premises.
Tenure
FREEHOLD £750,000 to include goodwill and fixtures & fittings. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Licence
A full premises licence is held permitting the sale of alcohol by retail (on the premises) every day between the hours of 08:00-01:00.
Services
All mains services are connected.
Local Authority: Herefordshire Council
Rateable Value: £35,000 as at 1 April 2023
Local Authority: Herefordshire Council
Rateable Value: £35,000 as at 1 April 2023
Enquire about this listing
Ceiron Griffiths
Midlands
