8th August 2013
Perfect for a budding ‘Little Chef’
8th August 2013 – Graham Penny Auctions, the Midlands number one property auctioneer*, has a unique commercial property on offer in Leicestershire at its next Nottingham auction – a former Little Chef.
With an attractive guide price of £100,000+ the former Little Chef on Glaston Road in Morcott, Oakham offers an excellent mixed use investment opportunity on a busy A-road location between Uppingham and Stamford.
The property comprises a large restaurant area with seated dining for around 70, an open grill style kitchen with further preparation kitchen to the rear, separate office accommodation, staff room and male and female toilets. There is also a self-contained flat with two bedrooms and generous living accommodation above the restaurant.
Andrew Parker, director at Graham Penny Auctions, commented: “This is a unique opportunity and one for which we have had significant interest due to its sought after location. The villages of Morcott, Uppingham and Stamford are always popular property hotspots and so the buyer is likely to acquire potentially lucrative business opportunity.”
Last month Graham Penny Auctions announced its expansion into Leicester with seven auctions per year taking place at the King Power Stadium. The team is already busy adding entries into the property catalogue for its first auction on Thursday 24th October and there is still space for more entries from across Leicestershire.
The former little Chef on Glaston Road, Morcott, Oakham is going under the hammer at the Graham Penny Auctions sale on Thursday 12th September at Nottingham Racecourse. The legal pack for the property will be available online for any potential buyers to view no later than seven days prior to the auction. Viewings are available by appointment with Graham Penny Auctions.
To register for a free property appraisal click here or call 0116 202 5048.
*based on essential information group statistics. Based on lots offered, lots sold, revenue raised for 2012.