Restaurant/cafe for sale in Francis Street, Spalding PE11

Summary

For sale by auction: Terms and conditions apply.

We are pleased to offer to auction this vibrant Tapas restaurant and bar, that has been with the current owners for the past 17 years, sits in the heart of Spalding, Lincolnshire town centre and is very popular among the locals.

The building is a freehold premises and once you enter you will feel the beautiful atmosphere and character upon arrival. Established and still going strong since 2005 is this Spanish inspired restaurant and bar, that has a lovely and sunny courtyard which is great for al fresco dining or just to enjoy the sun, while inside you will find the ground floor restaurant while there is additional dining upstairs or private functions etc.

From the courtyard there is another building that houses a disabled toilet facility, office area and large storeroom while also having a door leading to a staircase and the 1st floor fully refurbished studio flat that comprises of a shower room and then an open kitchen, dining, living and bedroom which could earn a tidy income if rented out.

Restaurant and Bar is only open currently 3 days a week and turn over a tidy profit, of which books can be showed on request to potential buyers when needed, while all the staff working here currently are willing to stay as well, making the new owner's life a lot easier.

Please note that the studio has not been signed off for approval as of yet.

Please note: We have not inspected this property.

Location

The subject property is well located along Francis Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.7 miles from Spalding town centre and approximately 19.4 miles from Peterborough city centre.

Accommodation

Ground floor
Restaurant
Bar Area
Bar Area 2
Floor Area 42.2 sqm (454 sq.ft) approx

First floor

Upstairs Restaurant
W.C x2
Kitchen
Floor Area 39.0 sqm (420 sqft) approx

Annex ground floor

Store Room
Entrance / Study Corner
W.C
Floor Area 33.5 sqm (361 sq.ft) approx

Annex first floor

Kitchen / Sitting Room
Landing
W.C
Floor Area 33.5 sqm (361 sq.ft) approx

Total Floor Area 148.3 (1,596 sq.ft) approx

Tenure

Freehold. Title number: LL261065

Rateable Value

The adopted rateable value is 9,100 as of 1st April 2017.

Sourced from voa.

EPC

Available upon request (rating B).

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.