Cotswold restaurant and takeaway on the market for £2.8m
By Matt Hall | 30th September 2020
After going into liquidation earlier this year, Savills is marketing the freehold of De La Hayes Restaurant in Bourton on the Water, Cheltenham, for £2.895m.
Occupying a prominent position along Bourton on the Water's main thoroughfare, the building sits adjacent to the Motor Museum and main shopping street.
The attractive Grade II-listed property has three trading units, a cafe/restaurant, a fish and chip takeaway unit, and a bakery/pizzeria with high quality fit-out and all fixtures and fittings included.
Previous occupier De La Hayes Restaurants Limited was forced into liquidation in July due to the coronavirus uncertainty and loss of trade, resulting in the loss of 25 jobs.
Turnover for the now dissolved business reached more than £1 million for the business in the year ending November 2018 and the restaurant received many favourable reviews.
The 6,005 sq ft (558 sq m) property underwent an extensive redesign and refurbishment in 2017. Work to the trading areas was overseen by a professional architect and design team and has been finished to a very high standard.
Providing views of the River Windrush, the restaurant accommodates 110 internal covers and there are two external trade gardens with the capacity for approximately 295 covers. There is an owners/manager's accommodation on the first floor.
Adam Bullas, director in the licensed leisure team at Savills Southampton, said: "This is a great opportunity to acquire a very rare asset in a sought-after Cotswold town that has recently been refurbished to a high standard.
"The property is in a prime position and offers the new owners the option to re-open the high-end restaurant, fish and chip shop and bakery in the same successful format or to re-position the business."
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