Licensed property specialists, Sidney Phillips, marketed and sold the leasehold of Alexiou’s Restaurant in the Stow on the Wold.
Alexiou’s Restaurant is in the heart of Stow on the Wold. This charming market town attracts tens of thousands of tourists each year, all eager to marvel at the historic Georgian streets for which the town is renown as a ‘Jewel of the Cotswolds’. With its wealth of history, boutiques and antique shops, the area is also a very popular location for those looking for a second home or place to retire.
This attractive property, though not listed, sits in a centuries old conservation area and has been sympathetically renovated making it a character restaurant with potential to also open as a tearoom or coffee house. The open trading area benefits from boarded floors and emulsion effect beamed walls. The current dining arrangements allow for 24 diners, with space for further seating in the paved courtyard. The comprehensibly equipped catering kitchen is accessible on the first floor by a staircase, which also leads to the storeroom and toilets.
Our clients operated the business since 2020, though the early part of their tenure was consumed by the refurbishment. This profitable business remained family run, achieving excellent trade whilst only open for five evenings each week. Having such potential to increase trade and extending opening hours, it is no surprise that the leasehold for this property was snapped up in just 9 weeks.
To enquire about selling or leasing your commercial property, please call our Midlands office on 01981 250333 or email midlands@sidneyphillips.co.uk . You can also view other properties we have for sale on our website by clicking here.
(13th August 2024)