Restaurant/cafe for sale

Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

Property situated just off the town centre, with views of the River Avon.

Restaurant business not for sale, property comprising ground floor restaurant with bar area, kitchens, Two storey accommodation above currently 4 bedrooms with open plan living

Lease details 15 years from 2022,22000 rent per annum

Please note we have not inspected this property.

Location

The subject property is located along Waterside, Evesham. Close to all local amenities and overlooking the River Avon which you can have enjoy a lovely walk along at all times of the year. Evesham is a market town approximately 15 miles north of Cheltenham and 15 miles south-east of Worcester.

Accommodation

The subject property is a two storey accommodation, restaurant with 4 bedrooms above with open plan living.

Tenure

Freehold: Title number WR58424.

Lease Terms

The full building is currently let to the same tenant on a 15 year lease from 01.09.22 with a rent review 01.09.27. Current rental income is 22,000 per annum, further details can be found in the legal pack.

EPC

Rating C.

Rateable Value

The approximate rateable value is 9,100 as of 1st April 2023.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.