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Price on Application (POA)

An abbreviation for "Price on Application" which indicates that price is not quoted publicly and will be revealed to qualified occupiers.
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Property Detail Under OfferThis Property is Unavailable

Renaissance Restaurant

Renaissance Restaurant

29a Princess Street, SHREWSBURY, Shropshire
Property Detail Area

ABOUT THIS PROPERTY

The Restaurant is situated in the Town Centre of the historic town of Shrewsbury and benefits from access directly off Princess Street which is just off The Square in the Town Centre. Shrewsbury serves as the County Town of Shropshire and is a popular tourist centre and market town. The property provides an attractive characterful 32-cover restaurant arranged over a 4-storey Grade II Listed property. The restaurant area is arranged within 2 rooms fronting onto Princess Street and benefits from a Reception/Bar Area and full fitted commercial Kitchens. Within the second floor there are toilet facilities and various rooms that are currently arranged to provide proprietor's accommodation. BUSINESS Detailed information and audited accounts can be made available to genuinely interested parties upon request, following an inspection of the business. The business has been run by the existing proprietors for over 12 years and is only reluctantly offered for sale due to the proprietors wishing to pursue other business interests. The business provides a long-established restaurant which also offers morning coffees which are well supported by a local client base and is run by the existing proprietors with assistance from 2 part-time staff. The hours of opening are 10.00am to 12.00pm Tuesday to Saturday 7.30 pm onwards Friday and Saturday The business also caters for private parties by arrangement and there is significant potential for extending trading hours of the business. The audited accounts for the year ending 31 July 2011 showed a turnover of approximately £76,000 (exclusive). LICENSE The property benefits from a Premises Licence with Alcohol. WEBSITE In order to fully appreciate the outstanding opportunity that the business offers, please view the website at: www.renaissancerestaurant.co.ukGround Floor Reception Hallway with feature staircase leading to First Floor Landing Restaurant Section 1: 4.64m max x 4.60m max (15'3" max x 15'1" max) which seats 20 with feature fireplace and feature panelling to walls Restaurant Section 2: 3.66m max x 4.22m max (12'0" max x 13'10" max) which seats 12 with feature fireplace and feature panelling to walls Bar: 3.28m x 3.68m (10'9" x 12'1") incorporating feature panelling and bar server Kitchen (incorporating Preparation Room): 4.04m x 6.15m (13'3" x 20'2'') well equipped incorporating a double drainer sink unit Feature staircase leading to Second Floor Landing Therapy Room: 3.61m x 4.34m (11'1O" x 14'3") with feature panelling Office: 3.78m x 3.81m (12'5M x 12'6") Meeting Room: 4.70m x 4.80m (15'5" x 15'9") with feature panelling Proprietor's Bedroom: 3.96 m x 2.92m (13'0" max 9'7") double bedroom Powder Room Gents Toilet Ladies Toilet Showers Feature staircase to Third FloorThe property is held on a lease, dated 1st December 2008 for a term of 10 years. The lease is granted on a Tenants Internal Repairing and Insuring basis at a current rent passing of £16,000 (sixteen thousand pounds) per annum. A new lease is available subject to negotiation.

Price on Application (POA)

An abbreviation for "Price on Application" which indicates that price is not quoted publicly and will be revealed to qualified occupiers.
POA i