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Gloucestershire Business News

19 St John's Lane, Gloucester

Description:

A ground floor property currently trading as a 'Tea Shop' and restaurant. The property comprises a 30 cover restaurant accessed directly off St John's Lane.

To the rear of the restaurant the accommodation is arranged as a kitchen with a manager's office and WC.

To the rear of the property is an additional storage room.

The property trades as the 'Sweet Success Tea Room' which has been established for over 20 years in the city.

Location details:

St John's Lane runs between Northgate Street and Westgate Street in the Heart of Gloucester City Centre. This is a popular part of the city being located close to Gloucester Cathedral and the historic docks. The Cathedral Area is shortly to benefit from substantial investment by way of 'Project Pilgrim' transforming a car park area into an open pedestrianised area suitable for a range of different events and activities.

Accommodation:

90.86 sq m (978sq ft)

All measurements are approximate and on a net internal floor area basis.

Services:

We understand mains water, Gas and electricity are connected to the property.

NOTE : None of the services have been tested by Kurt Wyman Surveyors.

Rating:

The property is currently assessed as:

Cafe and premises with a rateable value of £11,000.

Tenure:

The premises are offered freehold subject to a lease expiring on 31st March 2020 at an annual rental of £10,800 per annum exclusive. There is provision for a rent review in 2018.

Further details and a copy of the lease are available from the marketing agents.

Asking price:

Offers are invited for the freehold interest in the property subject to the existing tenancy, based upon £180,000.

VAT:

All prices re quoted exclusive of VAT

Legal Costs:

Each party will be responsible for their own legal fees involved in the sale

Contact:

Kurt Wyman Surveyors 

01452 380064

Email: kurt@kurtwymansurveyors.co.uk 

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