Rare chance to snap up restaurant in tourist hotspot

October 14, 2013
By

A Grade II listed restaurant building in Fairford has come onto the market, offering a chance for new owners to develop a business on the edge of the Cotswolds.

Originally called Leo’s, a family-run Italian, and more recently Allium, which offered a more fine dining experience, the restaurant has had just two operators since opening more than 28 years ago.

The traditional Cotswold building is on a corner site overlooking Fairford’s market place, which holds markets every Wednesday. Its catchment area includes tourist destinations such as Cirencester, Cotswold Water Park, Lechlade and Burford while it is surrounded by well-heeled villages.

The 55 cover restaurant has a tasting room and bar, original fireplaces and a traditional wishing well which has been enclosed and lit.

A new lease will be available with a two bedroom maisonette.

Agents Christie & Co’s restaurant specialist Valerie Turner said: “This is a fantastic opportunity for an operator to take on an established restaurant site that has had a proven track record. The package of the restaurant and flat is a rarity in the sought after area and makes it very attractive for a hands on operator.”

The lease is available with an asking price of £27,500 to include all the trade fixtures and fittings including kitchen equipment with a rent of £20,000.

 

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