The Property comprises an attractive mid terrace building of traditional brick construction under a pitched slate and flat roof with a conservatory extension to the ground floor rear elevation. The accommodation is laid out over four floors, with the lower ground and upper ground floor areas serving as the trading areas including the bar, restaurant and kitchen space. The upper two floors provide ancillary accommodation including, Ladies & Gents WC’s, staff areas, managers office, storage facilities and two meeting rooms.
( Agency Pilot Software ref: 54082 )
Location
The property is situated in a prime and highly desirable trading location, directly facing the charming King Street, renowned for its vibrant daytime commerce and dynamic nightlife. The surrounding area is a well-balanced mix of retail, leisure, office spaces, and residential properties, creating a lively and appealing environment for both customers and operators. Knutsford, a historic market town in Cheshire, is celebrated for its rich cultural heritage and picturesque surroundings. Located approximately 15 miles south of Manchester, it offers a tranquil setting that provides a welcome contrast to the hustle and bustle of neighbouring towns and cities.
The town centre is home to a vibrant mix of independent shops, boutiques, cafés, bars, and restaurants, offering a refined and inviting atmosphere for both residents and visitors. Knutsford’s history is reflected in its impressive architecture, including notable landmarks such as the iconic Courthouse building and the Old Market Hall, which offer a glimpse into thetown’s fascinating past
Accommodation
Basement 1,544 sqft
Ground 1,628 sqft
First 667 sqft
Second 767 sqft
TOTAL 4,606 sqft
Terms
Tenure Freehold.
Energy Performance Certificate The property has the following Energy Performance Certificate: Rating B.
Business Rates The business rates are payable to Cheshire East Council. We understand that the Rateable Value for the year commencing 1st April 2023 to present is- £56,500.
Planning The property has a valid consent for its current under Use Class E (formerly A3) in terms of the Town & Country Planning (Use Classes) Order September 2020– buyers should make their own planning enquiries with Cheshire East Council. Licences We understand that business trades with the benefit of a premises license for the sale of alcohol and the provision of regulated entertainment.
VAT Our clients have advised that the property is not registered for VAT.
Prospective purchasers should consult their accountant / solicitor for professional advice in this respect.
Specification
- Prime freehold property located on King Street, Knutsford
- High quality, well-invested bar and restaurant benefiting from strong footfall.
- Entirely let on a FR&I lease to Living Ventures Restaurants Limited trading as Gusto Bar and Restaurant.
- Lease began on the 4th February 2013.
- Long lease expiring on the 3rd February 2038, with 13 years unexpired.
- Current rent passing £96,000 per annum.
- The cap and collar are set at 1% and 3.5% per annum, respectively