Summary
A bar in Cheltenham town centre is on the market for £1.3m. 1 Clarence Parade is currently home to The Clarence Social – a popular, three-storey wine bar. The property is up for sale with local estate agent, John Ryde Commercial , which said: “The Clarence Social forms part of an established leisure pitch and runs parallel to The Promenade.
Details
The property is surrounded by both branded and independent bars and restaurants and is in close proximity to operators such as Lumiere and Wagamama.” 1 Clarence Parade is a Regency terraced property arranged over basement, ground and first floors, with historic links to both Lewis Carroll and Gustav Holst.
More than £1.1m has been invested in the fit-out of the building in recent years, with the interior designed by award winning designers Finch. The ground floor measures 128 sq m, the first floor 94 sq m and the basement 116 sq m, giving a total floor area of 338 sq m.
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Paul Maguire, partner at John Ryde Commercial , said he was unable to predict whether The Clarence Social would continue trading from the building after the sale. He added that £1.3m is a guide price, which is negotiable.
Report source: Punchline Gloucester
