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Commercial property for sale

9 Watersmeet Road, LYNMOUTH, Devon

£340,000

Property Description

Full description

Tenure: Freehold

Coastal village 26 cover licensed tea room, refurbished to include new commercial kitchen. 3-bedroom owners accommodation above and self-contained 1-bedroom basement apartment suitable for additional rental income. Potential B&B. Located close to car/coach parking. Offers invited to include all trade fixtures, fittings & equipment and the goodwill plus SAV.

LOCATION
Situated in Watersmeet Road, close to the centre of the popular coastal Exmoor village of Lynmouth. Lynton & Lynmouth have a static population but benefit from considerable holiday trade in the area. The regional centre of Barnstaple is approximately 20 miles. Access to the M5 via junction 27 at Tiverton is approx. 30 miles distant.

THE SITUATION
Watersmeet road is the main arterial road leading up to the steeped wooded valley to Watersmeet. The property is between Lynmouth's two main car/coach parks and therefore benefit from good passing trade and footfall.

THE PROPOSAL
Our clients are inviting offers for the freehold interest to include all trade fixtures, fittings & equipment and the goodwill of the business plus SAV.

THE BUSINESS
Our clients operate the business as a tea room, taking advantage of the daytime trade only. Our clients chose to trade as follows up to last year end: -

Closed during January, 4 days a week for 4 months of the year, 7 days a week for 3 months of the year, 5-6 days per week for the remainder of the year, depending on half terms, bank holidays etc. Opening between 10.30 am until 4.30 pm approx. he letting out of the apartemnts also produces additional income.

THE STOCK
Any current stock to be purchased at valuation upon completion.

THE INVENTORY
The property is sold with an inventory of trade fixtures, fittings and equipment, carpets and curtains as fitted.

LICENCE
The property has a Premises Licence.

THE ACCOMMODATION

SHOP UNIT
6.70m x 4.45m (22' x 14' 7"). Single fronted shop unit with storm porch. Covers for approx. 26, large bay window and glazed front door. The tea room has been modernised and redecorated with the addition of new tables & chairs. Rotating display fridge to rear, built-in counter area with till and storage for cutlery etc. Half landing. Through to refurbished commercial kitchen, stairs to owners accommodation, stairs down to ladies & gents cloakrooms and further storage space/office.

COMMERCIAL KITCHEN
Refurbished to include uPVC hygiene wipe down wall panels, stainless steel to all hot areas and commercial grade floorings, stainless steel double sink unit, stainless steel tables and work tops, LPG 5-burner cooker, fridges, dishwasher, microwave, assorted shelving & storage and complement of commercial equipment.

LOWER GROUND FLOOR

HALLWAY
With private access door to rear courtyard, ideal for deliveries & owners private entrance. Access to basement.

STOCK ROOM

CUSTOMERS CLOAKROOM

LADIES & GENTS CLOAKROOMS
Separate cloakrooms with low level close coupled WCs, wall mounted wash hand basins and ceiling light points.

STORE/OFFICE
With additional fridge/freezer storage freezer store and dry storage.

FIRST FLOOR

LIVING ROOM
L-shaped LIVING ROOM approx. 4.85m x 3.95m (15' 11" x 13' )to lounge area with DINING AREA 3.65m x 2.45m (12'0 x 8'0). 2 casement uPVC open casement windows to front, wall mounted heater, central chimney breast with mantle & surround, 4 wall lights. Archway through to

KITCHEN
3.65m x 2.30m (12' x 7' 7"). With range of matching wall & base units, rolled edge work top surfaces, inset single draining sink unit, inset single oven with 4-ring hob, ceramic tiled splash backs, power points, uPVC double glazed window to rear and wooden style laminate floor.

BEDROOM 1 - POTENTIAL FOR B&B
4.25m x 2.90m (13' 11" x 9' 6"). With uPVC double glazed casement window to rear, wall mounted heater, TV point, door to

EN-SUITE SHOWER ROOM
With white suite comprising low level flush WC, pedestal wash hand basin and enclosed shower tray with single door. Full height tiling to all walls. Electric shaver light and point. Ceiling light. Floor standing night store heater. obscure double glazed window to side.

SECOND FLOOR
Accessed via central turning staircase to 2nd floor landing with uPVC double glazed window to side, hatch to loft space, power points, ceiling light, door to rooms off.

BEDROOM 2
4.70m x 3.65m (15' 5" x 12' ). With uPVC double glazed window to front, electric heater, built-in wardrobes with sliding mirror doors, vanity area with sink & storage under, shave light & point, central ceiling light. Wash hand basin.

BEDROOM 3
3.65m x 3.65m (12' x 12' ) (max). Hardwood casement dormer style window to rear, outlook to River Lyn, ceiling light, wall light point, heater, power points and telephone point. Wash hand basin.

SEPARATE WC
With low level WC and ceiling light point.

FAMILY BATHROOM
with a colour suite comprising panelled bath, pedestal wash hand basin and low level flush WC. full height tiled walls. Shaver light & point. uPVC double glazed casement window to side overlooking wooded Watersmeet valley.

Separate laundry area to rear with plumbing for washing machine, storage cupboard and ceiling light.

SELF CONTAINED BASEMENT APARTMENT
With entrance porch to

LIVING ROOM
Open plan with fitted KITCHEN to one side with cooker, extractor fan, fridge/freezer and inset sink unit, TV point, power point, wall heater and ceiling light.

BEDROOM
3.40m x 2.95m (11' 2" x 9' 8"). with ceiling light, power points, en-suite bathroom with panelled bath with mixer tap, low level flush WC and pedestal wash hand basin.

RATES
Rateable Value 6900.00
Flat - Band B
Rear Flat - Band A



Property Ref:1_1029_1425788

More information from this agent

To view this property or request more details, contact:

John Smale & Co, Barnstaple

5 Cross Street, Barnstaple, EX31 1BA

03301 011547 Local call rate

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