Property Details

 
Offers Over £75,000
7-11 Alforde Street Victoria Square Widnes Halton Cheshire WA8 7TR
     
    The premises sits along a parade which services a densely populated residential and commercially vibrant area with an array of independent retailers and traders nearby. The town is mainly industrial but with boosts of major housing developments within Widnes which include multi million pound projects to provide new luxury homes and purpose built housing complexes, undoubtedly this has and will increase further, local custom and revenue for this concern.

    Rarely do businesses of this calibre and size reach the open market, with an enviable weekly turnover of £9,000 weekly but with potential to do much more.

    The premises itself is immaculately presented with a contemporary bar serving a variety of alcoholic beverages and soft drinks, a relaxing lounge with soft leather sofas and ottoman style padded seats. The dining area houses an impressive 120 seats which range from modern custom made banquette booths and bench seating to contemporary dining tables and chairs. Disabled facilities can be found on the ground floor with ladies and gents WC’s on the first floor. With a smart lighting system to provide a soothing atmosphere complemented with contemporary décor this Restaurant provides the ultimate dining experience making this concern a lucrative acquisition for prospective buyers.

    The commercial kitchen can be found on the same floor, housing an excellent range of quality catering equipment and extraction system. The walls are fitted with commercial stainless steel sheets and floors with commercial tiles.

    Additionally the premises comprises an additional retail space to the first floor which is of similar size to the ground floor retail area and has the potential to either provide extra seating for up to 120 covers or can be sub leased as a separate entity to provide an additional income in the region of £300-400 per week.

    The potential here is tremendous to build on the strong foundations of this established business. Our clients are now looking to pursue other interests following over 10 successful years here.

    With so much potential for growth this business is not to be missed and therefore early viewing is highly recommended.

    The premises will be held on a secure lease with sensible rent.

    The unit has planning consent for A3 uses.

    The commercial premises measures approximately 7389 square feet with 3401 square feet of retail area on the ground floor, 2463 square feet of potential retail area on the first floor (currently used as storage), 691 square feet of kitchen area plus ladies and gents WC facilities.

    NIA commercial area: 7389 sq ft (686 sq m)
    EPC rating commercial: to follow

    (All measurements have been taken compliant to the RICS code of measuring practice. These measurements have been taken in metric and converted to the nearest imperial equivalent)

    Ground Floor:
    Restaurant area 1 (Retail Area 1): 3401.50 sq ft (316.01 sq m)
    Commercial Kitchen 1: 691.15 sq ft (64.21 sq m)
    Disabled Toilets: 111.51sq ft (10.36 sq m)

    First Floor:
    Open room (Retail Area 2): 2374.19 sq ft (220.57 sq m)
    Storage Room 1: 88.9 sq ft (8.26 sq m)
    Ladies and Gents WC: 411.39 sq ft (38.22 sq m)
    Landing: 310.96 sq ft (28.89 sq m)


    Rental/Price
    Rental - £33000 per annum (£634.61 weekly)
    Business price – Offers above of £75,000 (negotiable).

    OUTGOINGS
    Rateable value £26,500 2017/2018
    Further enquiries should be made with the business rates team to confirm the actual rates payable (small business rates relief apply for properties with a rateable value between £6,001 and £12,000).

    Terms:

    The premises is available To Let by the way of a new effective full repairing and insuring lease for a term of years to be agreed incorporating 3-5 year rent reviews where applicable or assigned over to the existing lease with 18 Years remaining with 5 year rent reviews.

    VAT:
    The prices and/or rentals quoted are exclusive of VAT (if applicable)

    Legal Fees:

    To be agreed

    PARKING NOTES

    There are number car parks within close proximity of the premises and on street parking (pay and display) is available to the front, back and sides.

    SERVICES

    We have been advised that all mains services are connected.

    ADDITIONAL INFORMATION

    We endeavour to make our sales and lettings particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

    Map


    Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
     
     
     

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