WORCESTER CATHEDRAL CITY CENTRE FREEHOUSE
Worcester, Worcestershire
Ref: 95620
Freehold £525,000
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Key Features
Location
The Cathedral City of Worcester is one of the most prosperous and expanding centres in the UK. The City has a population of over 100,000 and stands astride the River Severn. It is the focal point for a much wider area beyond its county boundaries. The City has a thriving shopping centre and, in addition to its historic Cathedral, has a County cricket ground, a national hunt racecourse and a burgeoning university.
The Conservatory is located in the heart of the city centre on the edge of the pedestrianised area, Friar Street being one of the city’s most historic areas, with many Tudor Listed buildings, with the National Trust Greyfriars House and garden standing almost opposite The Conservatory. Whilst The Conservatory has a considerable amount of period charm and character it is surprisingly not Listed, but does stand in a Conservation Area.
The business has been operated by the same owners for 40 years, a small independent managed house Pub Company. The property is designed for ease of management, is well established and extremely well presented and maintained, offering an open plan bar (which could include dining), two separate flats and a very good rear enclosed terraced trade garden. There is a healthy level of turnover and the property is briefly described as follows:-
The Conservatory is located in the heart of the city centre on the edge of the pedestrianised area, Friar Street being one of the city’s most historic areas, with many Tudor Listed buildings, with the National Trust Greyfriars House and garden standing almost opposite The Conservatory. Whilst The Conservatory has a considerable amount of period charm and character it is surprisingly not Listed, but does stand in a Conservation Area.
The business has been operated by the same owners for 40 years, a small independent managed house Pub Company. The property is designed for ease of management, is well established and extremely well presented and maintained, offering an open plan bar (which could include dining), two separate flats and a very good rear enclosed terraced trade garden. There is a healthy level of turnover and the property is briefly described as follows:-
Property
TRADE AREAS
GROUND FLOOR : Open plan TRADING AREA, on split levels, with boarded floor throughout and fixed and loose contemporary seating for up to 80 customers. The room has tongue & groove wainscoting throughout. Fully equipped BAR SERVERY, about 5m long, and having a rustic pine panelled front. LADIES & GENTLEMENS TOILETS.
Former CATERING KITCHEN having non slip floor and fully tiled walls. This room is currently unfurnished and is utilised for storage. Serving Counter to any dining area.
FLAT 1 (first floor) currently used as service facilities for the pub, including a large FREEZER ROOM/BOTTLE STORE, OFFICE and STAFF WC with wash basin.
FLAT 2 (first floor) accessed via a separate staircase. This flat is self contained and comprises:- KITCHEN/DINER having modern fitted kitchen units and fixed dining table/breakfast bar. BATHROOM having wash basin, WC and bath with shower over. Spacious domestic LOUNGE/DINING ROOM, 8m x 5m, having heavily beamed ceiling.
Staircase access to the second floor which provides a mezzanine style landing. BEDROOM 1 (double), BEDROOM 2 (double) leading on to BEDROOM 3 (double—currently utilised as a Dressing Room).
SECOND FLOOR : Two double size rooms utilised as further office and storage facilities.
EXTERNAL
There is direct access to the enclosed trade garden on two levels, which is a good feature and provides excellent external seating for 50 customers.
GROUND FLOOR : Open plan TRADING AREA, on split levels, with boarded floor throughout and fixed and loose contemporary seating for up to 80 customers. The room has tongue & groove wainscoting throughout. Fully equipped BAR SERVERY, about 5m long, and having a rustic pine panelled front. LADIES & GENTLEMENS TOILETS.
Former CATERING KITCHEN having non slip floor and fully tiled walls. This room is currently unfurnished and is utilised for storage. Serving Counter to any dining area.
FLAT 1 (first floor) currently used as service facilities for the pub, including a large FREEZER ROOM/BOTTLE STORE, OFFICE and STAFF WC with wash basin.
FLAT 2 (first floor) accessed via a separate staircase. This flat is self contained and comprises:- KITCHEN/DINER having modern fitted kitchen units and fixed dining table/breakfast bar. BATHROOM having wash basin, WC and bath with shower over. Spacious domestic LOUNGE/DINING ROOM, 8m x 5m, having heavily beamed ceiling.
Staircase access to the second floor which provides a mezzanine style landing. BEDROOM 1 (double), BEDROOM 2 (double) leading on to BEDROOM 3 (double—currently utilised as a Dressing Room).
SECOND FLOOR : Two double size rooms utilised as further office and storage facilities.
EXTERNAL
There is direct access to the enclosed trade garden on two levels, which is a good feature and provides excellent external seating for 50 customers.
The Business
Our clients have owned the property for in excess of 40 years, with it forming part of their small independent managed house Pub Company. The property is extremely well maintained and presented and has a consistent level of trade which is reflected in the management accounts which, for the year ended 31st December 2024, showed takings net of VAT of £420,000, with a gross profit of 65% achieved (this despite any “retro” discounts being attributed to Head Office). Despite its City Centre location and its fashionable, contemporary style, the draught products still represent a very healthy level of the income, it being estimated that the annual barrelage is circa 180.
The trade is generated purely from wet sales, despite there being a good sized catering kitchen (albeit currently unfurnished) situated conveniently on the ground floor of the premises. Prospective purchasers will note the undoubted scope to re-introduce food sales especially given the business’ location.
The trade is generated purely from wet sales, despite there being a good sized catering kitchen (albeit currently unfurnished) situated conveniently on the ground floor of the premises. Prospective purchasers will note the undoubted scope to re-introduce food sales especially given the business’ location.
Tenure
FREEHOLD PRICE £525,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
Under the terms of the Premises Licence the business is permitted to retail alcohol between 10am and 12 midnight, seven days per week.
Services
All mains services are connected. Gas fired central heating.
Enquire about this listing
Robin Mence
Midlands
Ref: 95620
