THOSE who have always fancied running their very own restaurant will have the chance to bid on a city centre property later this month.

14-16 Grosvenor Street in Chester, which is due to be sold by auction with a guide price of £450,000+, is a partially refurbished restaurant in a Grade II Listed building fronting onto a small landscaped triangle on the corner of Cuppin Street.

Andy Thompson, head of auctions North West at SDL, which is selling the property in partnership with CBRE, said it has already attracted a great deal of interest from potential buyers and advised that the seller is open to pre-auction offers.

He said: “This beautiful property has huge potential and is sure to appeal to investors and builders looking to complete the final refurbishment works.

Chester and District Standard:

The interior of the restaurant space

“The seller had planned to complete the refurbishment and open it as a high-end restaurant and bar himself but his circumstances and plans have now changed, providing another investor with a golden opportunity. The property is ideally placed for a successful restaurant, being in a central location among establishments including All Bar One, Carluccio’s, Nando’s and the highly regarded Opera Bar & Grill.”

With its total accommodation extending to 4,520 sq ft, the property features a partially renovated restaurant on the ground and first floors, while the top floor has already been fully refurbished to create a high-quality office suite.

Andy said the upper storeys would suit a variety of uses, including conversion to residential accommodation, subject to the necessary planning and building consents.

In addition, at the rear of the property is a partially renovated two-storey, self-contained annexe and the roof space on the single-storey part of the building has the potential to be developed into a roof terrace.

Mr Thompson added: “This is a rare opportunity to invest in a prime Chester location and I have not been surprised at all by the level of interest this property has received in the few days since it was listed. I would urge any interested investors to take a look at this property as soon as they can as it really does need to be inspected to fully appreciate its scope and potential.”

Unless a suitable offer is received before the auction, 14-16 Grosvenor Street will be sold at the AJ Bell Stadium in Manchester on Thursday, February 27.