The Left Bank – a complex of bars, restaurants and conference/wedding facilities that forms part of the Left Bank Village riverside development in the heart of Hereford – has been sold off a £3.95m guide price.
The riverside development was created adjacent to the old Wye Bridge seven years ago by Dutch owners Dr Albert Heijn and wife Monique, who have honoured a pledge to pay a loyalty bonus to the 100-plus staff when the business changed hands.
The main building offers a variety of options across three floors, each with its own riverside terrace.
- The ground-floor Floodgates brassiere has a 60-seat bar/dining area, an 80-seat restaurant, a 30-seat private diners’ room and a 70-seat riverside terrace;
- The first-floor River Terrace incorporates a main function room to hold 120 seated or 180 standing guests, a 30-seat buffet room and a 60-seat terrace;
- The third-floor Charles bar can accommodate 40 seated or 100 standing guests inside, with terrace seating for another 60 people.
The business, which turns over around £1.85m a year, also includes the Kate’s Square piazza that links the Village to the adjacent Warehouse (a multi-function conference and wedding venue) along with a three-storey owners’ house.
Kate’s Square is suitable for outside events with courtyard space for 350 people, a bandstand and parking facilities while Warehouse facilites include the Bell Room and the Roaring Meg, which can hold 90 customers theatre-style for wedding ceremonies and functions.
The owners’ house includes a large, empty ground-floor room, a self-contained two-bedroom flat on the first floor, and office and storage rooms on the second level.
New owner Croft - a Nottingham-based property development company – plans to extend the brand.
The Bristol office of Christie + Co, which marketed the complex, also sold the 15-bedroom Castle House hotel part of the Left Bank package to local farmer and businessman David Watkins in December 2006.
By Angela Frewin