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Hereford leisure complex sells off £3.95m asking price

11 January 2008 by

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

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Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

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