21 March 2011

Could Clifton Woolworths buck the trend?

Things could be looking up for the former Woolworths store in Whiteladies Road, Bristol – rather than becoming a discount store like many of its comrades, it could begin life afresh as a pub or restaurant.

“The property is unusual because it has a large walled garden, making it potentially suitable for A3 or A4 use with the necessary consents,” says Michael Penfold of licensed leisure specialists AG&G, who are marketing the property.

“It is in a busy commercial area of Clifton, which is traditionally one of the most affluent areas of the city. So we think locals might prefer a smart new bar or restaurant to the more typical discount retail outlet.”

The garden is really spacious, at approximately 152 square metres, (1,635 square feet). The ground-floor unit, which has floor-space of approximately 409 square metres (4,406 square feet), is in a mixed-use retailing area. This includes the former ABC cinema, now offices and a gym. Rental offers are invited for a new lease.

For more information, contact Michael Penfold on 020 7836 7826 or e-mail michael@agg.uk.com.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

8 Exchange Court,
London, WC2R 0JH