Cheltenham wine and cocktail bar for sale for £1.3m
Summary
A three-storey wine and cocktail bar in the centre of Cheltenham is up for sale for £1.3m. The Clarence Social is an “elegant, three-storey wine bar” serving food, wine, cocktails, and an excellent draught selection. It is ideally located in a prime position on 1 Clarence Parade in the centre of Cheltenham, directly opposite Lumiere, a Michelin Star restaurant and in the former Gloucestershire Echo offices.
Details
The property has benefited from an impressive £1.1m investment into an “exceptional” fitout over the past few years, creating a high quality bar, restaurant and cocktail bar offering significant trading potential, exemplified by being awarded the prestigious Muddy Stilettos Best Bar in 2022.
The venue trades over all three floors, with the basement level specifically designed as a speakeasy cocktail bar which can be independently accessed via a secret bookcase entrance, and is fitted out with real wood floors and wood-panelled walls.
With a separate external entrance accessed via Clarence Street, this cocktail bar can also be operated separately from the ground and first floor bars, with seating for up to 40 guests. Meanwhile, the ground floor can serve approximately 50 guests and boasts a large, 25ft oak top bar with a beautifully presented back bar. There is also a large, fully-equipped commercial kitchen and a dumb waiter servicing all levels.
And the first floor provides further trading areas which are extremely popular for private bookings and events. The balcony overlooks the ground floor bar area and has its own marble top bar, in a space that accommodate approximately 65 covers. There are also audiovisual facilities and projector screens for corporate events situated in this area.
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In total, the property extends to 3,633 sq ft inside a historically important, Grade II-listed building. The Clarence Social forms part of an established leisure pitch and runs parallel to The Promenade, a high-quality shopping and leisure area.
The property is surrounded by both branded and independent bars and restaurants, and is in close proximity to operators such as Lumiere, Wagamama, Franco Manca, and a number of high-quality independent bars and restaurants. It is constructed of Cotswold Stone and has many Regency features. The building also has historic links to both Lewis Carroll and Gustav Holst.
The Clarence Social is licenced to sell alcohol every day between the hours of 8am and 3am, as well as for live music, recorded music, and showing dance, plays and films every day from 8am to 3am. If this unique real estate opportunity is enticing to you, The Clarence Social is now on the market with John Ryde Commercial for £1.3m, and can be found on Zoopla.
What You Need to Know
The venue trades over all three floors, with the basement level specifically designed as a speakeasy cocktail bar which can be independently accessed via a secret bookcase entrance, and is fitted out with real wood floors and wood-panelled walls.
Report source: Gloucestershire Live