Described as the ideal people’s local, The Bath Tavern in Cheltenham town centre is on the market with Colliers International’s specialist hotels division.
The traditional Bath Road pub is up for sale with a £420,000 freehold pricetag.
With a vibrant town centre location and healthy annual profits Colliers International hotels director Peter Brunt is expecting keen interest.
He said: “The Bath Tavern is a pub we would all like to have as our local.
“The people who live in the surrounding area close to Cheltenham town centre appreciate it and, together with many visitors to the town, frequent it.
“As a business it offers a simple but successful formula with a largely wet trade. Less than 10 per cent of total sales come from the simple bar snack menu.
“This will represent the perfect balance of trade for many but potential owners wishing to develop the Bath Tavern as a gastropub will have plenty of scope.”
Built in the early 1800s and Grade II listed, the Bath Tavern has attractive stucco-faced elevations. It boasts ground and first floors over a cellar. The bay windows flanking the front door are a particularly attractive feature.
The pub has a single lounge bar with some exposed timber boards, two
stone fireplaces and an oak bar servery. There is seating for around 40 customers with additional standing space around the bar.
Peter Brunt said: “There is always something going on in Cheltenham drawing visitors from near and far.”
The famous Cotswold villages are all just a short drive away and the town itself has excellent shops, the best of them on the Promenade just around the corner.
Tourist highlights of the year include the International Music and Literature Festivals, as well as the legendary Cheltenham Gold Cup.
Peter Brunt concluded: “Our clients, a partnership, have owned the business since 2005 and over the years it has served them very well. However, with one
of them now having a young family, there is a desire to move on and this gives the opportunity to acquire this popular and thriving business.
“The new owners will certainly enjoy living in this delightfully busy Cotswolds town.”
The Bath Tavern is just four miles from junction 11 of the M5.
