85 Watergate Street
- Restaurant premises with bar licence.
- 3,250 sqft (302.05 sqm).
- Rent £20,000p.a.
- Alternative uses considered.
The property is situated within the city walls, in one the main office quarters of Chester. It also fronts Watergate Street which is the primary link between the pedestrianised city centre and Chester Race Course, only 200m away, which generates excellent pedestrian flow during the numerous race days between May and September. It also provides for a range of other social and business events throughout the year including Polo tournaments. The Roomzzz Hotel is also immediately adjacent.
The unit is arranged on the lower ground floor and forms part of Watergate House, a Grade 2 listed building with separately accessed offices on two upper floors. The restaurant is provided with its own frontage and access onto Watergate St and is of substantial character with three rooms currently providing bar and eating area measuring some 1,500 sq ft (140 sq. m) and with further back up space providing WCs, a beer cellar, a fully fitted kitchen and storage totaling an additional 1,750 sq ft (163 sq m). There is a front courtyard for external seating and rear access for servicing. It is currently understood that the majority of existing fixtures and fittings will be included although a schedule of items will need to be prepared.
The unit is available to lease on terms and conditions to be discussed.
With restaurant/bar planning consent and a current premises licence from 9.00 am to 3.00 am from Monday to Sunday.
It is understood that the premises are VAT registered.
Each party will be responsible for their own legal costs incurred in the sale.
It is understood that the premises are currently assessed as follows; –
Ratable Value £41,250.00
Rates Payable PA (April 2017-18) £19,758.75
It is understood that the premises have a rating of E124.
Please contact Richard W Bolton of the sole retained agents Bolton Birch:
Tel: 01244 311681