Vines Cocktail Bar & Restaurant, Melton Mowbray

Leasehold for Sale

Price: Offers in the Region of £45,000 Ex VAT

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Restaurant in the centre of popular Leicestershire market town

Key Points

  • 1,618 sq ft Gross Internal Area - (150 sq m)
  • Attractive town centre Restaurant-Bar
  • Situated on busy road in historical market town
  • completely refurbished in 2017
  • 2x parking spaces to the rear
  • Licensed to Midnight everyday

Location

Vines is prominently located on Burton Street, between the market square and rail station in the market town of Melton Mowbray. A well known and popular town in Leicestershire, Melton Mowbray lies approx. 16 miles northeast of Leicester, 20 miles southeast of Nottingham and 11 miles north west of Oakham. Lying on the River Eye and the River Wreake, with a population of 25,554, Melton Mowbray is promoted as the "Rural Capital of Food" and is best known for its culinary speciality, the Melton Mowbray pork pie, and is home to Stilton cheese.

Property

The restaurant is accessed off Burton Street, the busy A606 linking Melton and Oakham, close to the Market Square, Melton Borough Council offices and Melton Rail Station. Previously operating as a retail outlet, our client has designed, converted and completely refurbished the premises to provide a delightful, well appointed, restaurant and bar. 

Doors from Burton Street lead to the open plan restaurant trading area. The restaurant trading area provides approximatley 40 covers which are informally laid out with traditional decor. A carvery unit is located to the rear of the restaurant area. The 'Bar Area' has bar servery and eclectic easy chair seating for approximately 20. 

To the rear of the bar a door leads to Ladies, Gents and Disabled W.Cs and emergency access to the rear. The restaurant also benefits from a well fitted commercial trade kitchen. 

To the rear the premises from 2 car parking spaces in a car park shared with surrounding occupiers.

Business

Vines Cocktail Bar & Restaurant commenced trading in October 2017, and our clients are reluctantly looking to assign the lease due to other business interests.  The business currently provides a 'Tapas' orientated menu, in addition to a range of traditional fayre, with a Sunday carvery and All You Can Eat Buffets on Thursdays. 

The premises are licensed from 9am to Midnight everyday, although the trading hours are currently limited to Monday 5pm-Close,Tuesday-Friday 12-3pm & 5pm-Close, Saturday 12-12 and Sunday 12-3pm.

The business has a growing following and offers tremendous potential for a licensed restaurant operator to build on the current trade or introduce a new concept in a very popular location.  

Tenure

The current lease is for a term 6 years commencing June 2017. The lease is within the Landlord & Tenant Act 1954.

Fixtures & Fittings

We understand that the fixtures and fittings, with the exception of the till and coffee machine, are owned by our clients and will be included in the sale.

Viewing

Viewings are strictly by appointment only and no direct approach should be made to staff on the premises.  

Rates & Charges

Business Rates
£6,313.54 per annum (based on a Rateable Value of £18,000)
Rates payable is for the year 2018-19.
Council Tax
Available on enquiry

43 Burton Street
Melton Mowbray
Leicestershire
LE13 1AF