Restaurant for saleQueen Street, Barnstaple, Devon, EX32
In a busy trading position, adjoining William Hill bookmakers on one side, close to the main town bus station and Queen's House multi service office complex. This property is in a guaranteed position for passing and static trade, with three main car parks nearby, the Queen Street car park (with 232 spaces), Hardaway Head car park (with 182 spaces), and Belle Meadow car park (with 125 spaces). The premises are in level walking distance of all town centre amenities.
This property comprises of a ground floor sandwich bar with servery and seating area. The ground floor is approximately 275 sq ft with a first floor preparation area with private office and staff cloakroom.
The premises are offered on a basis of the original lease which has been held by the current tenant for the last four years with a current passing rent of £3,100 per annum. The immediate landlord is William Hill bookmakers and they rent the property from a head landlord. An incoming purchaser will need to supply the usual bank and trade references for landlord's approval.
The business has been established for 28 years under the same ownership and is now for sale due to retirement purposes. The sandwich bar opens 6 days a week, Monday - Friday from 8 am - 4.30 pm and 8 am - 4 pm on Saturday. The business is closed on Sunday. It is operated by a proprietor and one part time staff member (his daughter). We are advised that in 2015 the net profit was approximately £17,000 per annum.
The owners also have a vehicle, a 2005 Citroen van with the Loafers logo which can be available by a separate negotiation. This vehicle is used for collecting items, bread etc. and has been in the past used for delivering to garages but our clients have in recent years slowly stopped deliveries to outside locations. Therefore the bulk of the business is undertaken from the shop counter trade.
The accommodation briefly comprises:
More information from this agent
To view this media, please visit the on-line version of this page at www.rightmove.co.uk/commercial-property-for-sale/property-60651443.html
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference BAR160643. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers Property Services, Barnstaple. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.