Beachside Barbecue (Formerly The Mermaid Restaurant), The Strand, Saundersfoot

INGOING PREMIUM - £250,000
RENT - £75,000 PER ANNUM

A UNIQUE BEACHSIDE RESTAURANT WITH MAGNIFICENT OUTLOOKS OFFERING HUGE POTENTIAL FOR EXPERIENCED AND ENERGETIC OPERATORS

GENERAL
Beachside Barbecue (The Mermaid) enjoys an enviable setting alongside and overlooking Saundersfoot Beach and Harbour. The Owner's family acquired the Restaurant in 1963. The Restaurant is well appointed and well equipped. It has had an excellent reputation from both holiday makers and locals. Improvements in fairly recent years include a new extraction system and a new fire suppression system (insurance compliant).

Saundersfoot itself is a very busy seaside village within the beautiful southern section of the Pembrokeshire Coast National Park. It has a range of amenities including other restaurants, cafes, pubs, bespoke shops, school and sports facilities etc. Recent developments in and around the adjacent Harbour have considerably enhanced Saundersfoot.

With access via a wide staircase and also a second entrance, the Beachside Barbecue briefly comprises...

RESTAURANT
82'8" x 37'9" (25.20m x 11.50m) overall, various picture windows to two elevations - fabulous beach and harbour views, bar/servery, mix of fitted and loose furniture, nautical theme, character - "beamed" ceiling etc.

Kitchen
53'10" x 25'3" (16.40m x 7.70m) - excellent range of stainless steel fittings and equipment etc.



Store Room & Preparation Room Etc
Staircase up to...

SECOND FLOOR
Store, Office and large walk-in Freezer.

OUTSIDE
Railed Terrace alongside slipway and overlooking the Beach - potential for additional covers. Terrace overlooking beach.

SERVICES ETC (NONE TESTED)
All mains connected.

PROPOSED LEASE
New 10 year Lease - the equivalent of a FRI Lease. Possible Option to purchase the Freehold.

Initial Rent... £75,000 per annum.
Rent Reviews... Years 3, 6 and 9.
Ingoing Premium... £250,000 in respect of the Trade Contents (furniture and equipment etc - an Inventory will be produced) plus Goodwill.

TRADE
Historic Trading Accounts can be made available to the financial advisors of bonafide interested parties who must first have viewed Beachside Barbecue.

Saundersfoot has developed as a fine coastal year round destination with exceptional summer trade.

RATEABLE VALUE
£25,500 (from 1/4/2023)


AGENT'S NOTES
As an alternative to the Lease, the Freehold of Beachside Barbecue is available at a Guide Price of £1,750,000 to include the Trade Contents etc. The Freehold will also include the adjoining 1 The Strand which is currently let for £25,000 per annum.

A separate brochure is available for the Freehold sale.