Barker Storey Matthews has confirmed the sale of the freehold of the former Prezzo restaurant in Stamford, Lincolnshire to a private developer.

Acting on behalf of a private owner, the three storey Grade II Listed former chain-restaurant  at 11 All Saints Place in the heart of the town, close to Red Lion Square, had only been marketed by the commercial property agent since May (2018).

With a substantial element of accommodation within the 2,894 sq ft (268.86 sq m) property across the first and second floors, Barker Storey Matthews advises that the new owner plans to convert the upper parts to residential use, with a view to retaining and re-letting for restaurant use at ground floor level once the building has been re-configured and building works completed.

For more information about similar commercial development property opportunities in Stamford and the surrounding area, contact Julian Welch at the Peterborough office of Barker Storey Matthews, tel 01733 897722, jw@bsm.uk.com or through bsm.uk.com.