£1,450,000

Pub/bar for sale

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Just added

£1,450,000

(£399.12/sq. ft)

Pub/bar for sale

The Clarence Social, 1 Clarence Parade, Cheltenham GL50

3,633 sq. ft

Local area information

Property location

Nearby amenities

  • The Catholic School of Saint Gregory the Great 0.2 miles
  • Cheltenham Ladies' College 0.2 miles
  • Cheltenham Spa 1 mile
  • Ashchurch for Tewkesbury 7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Cheltenham to find out more about the local area.

Features and description

  • Centre of popular Regency Spa town
  • Exceptional fitout - £1.1m investment
  • Accommodation extends to 3,633 sq ft
  • Established leisure pitch
  • Separate speakeasy style cocktail bar accessed via secret bookcase
  • Historically important building
The site benefits from its prime position in the centre of Cheltenham, an affluent town on the edge of the Cotswolds. The town is famed for its racing festival and year round programme of major cultural events which attract significant visitor numbers. The property is situated in an established leisure pitch to the rear of The Promenade and surrounded by both corporate and independent bars and restaurants. The property is directly opposite Lumiere, a Michelin Star restaurant. Our client has created a high quality bar, restaurant and cocktail bar offering significant trading potential, exemplified by being awarded the prestigious Muddy Stilettos Best Bar in 2022. No trade is sold or warranted.

Cheltenham has an enviable reputation and is a highly desirable place to live, work and visit. Home to gchq and many pre-eminent educational institutions it is a regional employment hub. The Regency architecture, urban parks, first class shopping and nightlife on the edge of the Cotswolds make this an extremely popular town to live in and visit. Cheltenham is home to the famous racing festival and various cultural events throughout the year which attract significant visitor numbers to the town. 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.

The property comprises an attractive terraced property arranged over basement, ground and first floors. The property is constructed of Cotswold Stone and has many Regency features. The property has historic links to both Lewis Carroll and Gustav Holst. The venue trades over all three levels with a high quality cocktail bar within the lower ground floor, an open plan bar and restaurant at ground and first floor. The building has benefited from significant investment to create the Clarence Social, with over £1.1m invested in the fit out of the premises over the past few years. This is an exceptional turnkey operation. The interior of the property was designed by award winning designers Finch.

The property has been measured in accordance with the RICS Code of Measuring Practice on a gross internal basis as follows:
Ground Floor 128 sq m (1,377 sq ft)First Floor 94 sq m (1,008 sq ft)Basement 116 sq m (1,248 sq ft)total 338 sq m (3,633 sq ft)

Subject to Contract
We are instructed to invite freehold offers for this rare opportunity within Cheltenham town centre. The guide price is £1,450,000.

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  1. Zoopla
  2. Commercial for sale
  3. Gloucestershire
  4. Cheltenham
  5. Clarence Parade