Property Details
Castle Cottage Cafe, Oakham, LE15 6DT View on a map
| Price | Size | Reference |
|---|---|---|
| £350,000 | C780 |
Brief Property Description
LOCATION & DESCRIPTION Castle Cottage Café is a Grade II Listed ‘hidden jewel' set within the heart of Oakham, the county town of rural Rutland.
Established in 2005, Castle Cottage operates from delightful, character 2 storey premises and a feature secret garden, complete with an outside servery/bar. The garden nestles under the outer wall of Oakham Castle, and is located adjacent to the town's main church, just off the Market Place.
Oakham is a thriving market town, with a population of approximately 11,000. Tourism is a big driver for the community, with the renowned, sailing, walking, fishing, cycling and bird watching Rutland Water located at the town's edge. The highly respected Oakham School, with approximately 1,000 pupils, is situated in close proximity to Castle Cottage.
ACCOMMODATION
The main Café is 2 storey brick built, with an adjacent patio area at First Floor level. The building offers seating at ground and lower ground floor, and part of the First Floor. The remaining space is utilised for a Kitchen, Prep Room, stores and WC's for staff and the public. Outside are delightful, mature gardens with a blend, of paved, lawn and decked areas to sit. At one end of the garden is a robust wooden servery building, with light and electricity, and an adjacent additional store building.
The premises have the benefit of full planning consent for a conservatory on the raised terrace area, and a brick built replacement of the outside servery. Full details and plans are available on request.
THE BUSINESS
Castle Cottage has an established turnover in the region of £170,000, with a GP of 61%, from limited trading hours. Based on current trading, we would anticipate a reconstituted net profit in excess of £30,000. The Premises Licence allows music, alcohol 9am - 5.30pm Sunday - Wednesday and 9am - 11.30pm Thursday - Saturday. With the benefit of the two planning consents, and longer trading hours, there is considerable potential to drive both turnover and net profit significantly higher.
At present there are approximately 40 covers inside, with a further 100 in the gardens. The conservatory will add an additional approximate 12 covers.
Overall, there is tremendous scope for expansion of the night time trade, enlarged menus and private functions, taking advantage of the nations desire for al fresco living.
PLANNING We are advised that the current planning use for the property is A3.
BUSINESS RATES Rateable Value: £3,500
Rates Payable: Please contact Rutland County Council
PRICE £350,000 to include Fixtures & Fittings, and goodwill. Stock is separate at valuation.
SERVICES We understand that mains electricity, gas, water and drainage are connected to the premises. Tests have not been undertaken of any appliances.
Viewing
Strictly through the sole selling agents Reid Associates who will be happy to provide further details on request.
Reid Associates for themselves and for the vendors of this property whose agent they are, give notice that:
- The particulars are set out as a general guide only for the guidance of intended purchasers, and not constitute part of an offer or contract;
- All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details are given without responsibility and intending purchasers or tenant should not rely on them as statement or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
Further Information
For extra information regarding this property (reference number: C780) you can either ring us at 01572 756631, email us or request a call back.
