The premises comprise the ground floor of an attractive two-storey brick and tile building with self-contained residential apartments on the upper floor. Built in 1862 to accommodate the Staffordshire Savings Bank, sold to Thomas Salt in 1866, then a school and thereafter a doctor’s surgery, the property was refurbished and converted in 1998, winning a Conservation Award in 2000, and now provides a fully fitted licensed coffee bar/restaurant with approximately sixty covers.
The premises are offered as a fully fitted fully licensed entity with the present fixtures and fittings to be purchased separately, and the availability of the property offers an ideal opportunity for a new operator to acquire a well-established enterprise without any substantial capital input required.
Location
The property is situated in Stafford town centre directly opposite The Vine Hotel and on the south side of Salter Street between its junctions with Bank Passage, Maltmill Lane and Market Street. Salter Street, which is just off the town’s main retailing thoroughfare, is an attractive shopping destination with a wide variety of specialist retailers represented in the immediate vicinity. The nearby Kingsmead car park providing approximately 500 spaces is due to re-open later in the year.
Accommodation
GROUND FLOOR:
Bar and Dining Area No. 1 - 425 sq ft (39.48 sq m)
Dining Area No. 2 - 300 sq ft (27.87 sq m)
Office - 40 sq ft (3.72 sq m)
Kitchen - 125 sq ft (11.61 sq m)
Store - 20 sq ft (1.85 sq m)
Male and female W.C. facilities
CELLAR - Storage
TOTAL NET FLOOR AREA - 910 sq ft (84.53 sq m)
EXTERNAL - yard area with separate side pedestrian access.
Terms
SERVICES - All mains services are connected. Electric heating and burglar alarm systems are fitted.
ASSESSMENTS - The local authority for rating purposes is Stafford Borough Council. The rateable value has been listed at £XXX from March 2017 with uniform business rates of £XXX payable for the year ending in March 2018 after small Business Rates Relief (subject to criteria). These details have been based on the information provided by the Valuation Office's website and should be double-checked by any party intending to enter into any commitment that relies on their accuracy.
EPC - The Energy Performance Certificate issued for this property indicates an Asset Rating of 142 in Band F. A full certificate with recommendations will be provided on request.
TERMS - The premises are available on a new full repairing lease for a term to be agreed at a commencing rental of £XXX per annum exclusive of rates, and VAT if applicable, with upward only reviews to be at three yearly intervals. The landlord insures the property and then recharges the tenant the cost thereof.
FITTINGS - A schedule of the fixtures and fittings that can be purchased pursuant to the letting is available on request.
VIEWING - By arrangement with the Agents’ Stafford Offices.
The premises are offered subject to contract and to being unlet.
VACANT POSSESSION WILL BE GIVEN ON COMPLETION
Specification
- 910 sq.ft. (84.53 sq.m.)
- Currently used as a café bar/restaurant
- Approximately 60 covers
- Close to Gatehouse Theatre
- Offered fully fitted
- Attractive secondary location