Restaurant for sale

Queen Street, Barnstaple, Devon, EX32

£27,000

Property Description

Full description

Tenure: Leasehold

LOCATION
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.

THE PROPERTY
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.

TENURE
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 £5,500 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
The business has been established for 28 years under the same ownership, now for sale due to retirement purposes. The sandwich bar opens 6 days a week, 8 am - 4.30 pm Monday - Friday 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 last year (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:

GROUND FLOOR 

MAIN SERVERY/SEATING AREA 
2.74m x 9.25m
With main refrigerated display, glass fronted cabinet, main heated pasty/sausage roll display cabinet, glass fronted cake display cabinet, upright soft drinks refrigerated display cabinet, 2 breakfast bar areas to the rear with 7 stools, under stairs storage cupboard and upright fridge.

STAIRS TO FIRST FLOOR 

PREPARATION ROOM 
7.37m x 2.97m
With a range of stainless steel prep tables, stainless steel wash basin, sink unit, microwave, grill, chest freezer and wall shelving. Door to

LOBBY 
With separate access to

CLOAKROOM 
With low level toilet

OFFICE 
2.9m x 2.97m
To the front of the main prep room, overlooking Queen Street

AGENTS NOTE 
The property is pavement fronting and there is no outside space

SERVICES 
Mains electricity, water, drainage

VAT 
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC

VIEWING 
Strictly by appointment through the selling agents.

RATEABLE VALUE 
To be advised

COUNCIL TAX 
To be advised

Webbers do not just sell houses 
Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.

Want to know more? 
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk

More information from this agent

Nearest stations

  • Barnstaple (0.5 mi)
  • Chapleton (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Barnstaple

39-41 Boutport Street, Barnstaple, North Devon, EX31 1SA

01271 604026 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Barnstaple (0.5 mi)
  • Chapleton (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Barnstaple

39-41 Boutport Street, Barnstaple, North Devon, EX31 1SA

01271 604026 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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.

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