Restaurant for sale

Salcombe

£145,000

Property Description

Key features

  • A Stylish and Well Presented Restaurant with Accommodation
  • An Attractive 3 Storey Period Town House
  • Prominent Location in Affluent in Coastal Town
  • Restaurant and Bar Seating 45
  • The Perfect Home & Income Property

Full description

LEASEHOLD - The town of Salcombe in South Devon has long been a popular destination for family holidays, as well as short breaks thanks to its' warm climate, stunning location and wonderful character. Salcombe is a location in the South Hams district of Devon. The town is close to the mouth of the Kingsbridge Estuary, built mostly on the steep west side of the estuary and lies within the South Devon Area of Outstanding Natural Beauty. The town's extensive waterfront and the naturally sheltered harbour gave rise to its success as a shipbuilding and sailing port, and in modern times, as a tourist destination, particularly popular with the yachting fraternity. Boasting a wide range of excellent restaurants, a fine selection of accommodation and easy access to some of the most beautiful beaches, walks and water sports locations in the country, Salcombe is one of the most sought-after seaside locations in the UK. For further information please visit no-55.co.uk

No 55 comprises an attractive 3 storey period town house. Arranged over 3 floors, the premises provides open plan trading areas over a split level layout. The superb owner's accommodation is arranged over the first and second floors. Additionally, there are private terraced gardens to the rear which have far reaching 180º panoramic views across the estuary.


Main entrance door from Fore Street to:- 
GROUND FLOOR RESTAURANT Stylishly decorated with stripped wood floorboards and feature windows to the front. Seating for approximately 15 persons. Bar Servery. Steps lead up to:-

MEZZANINE LEVEL 
This area overlooks the Ground Floor Restaurant/Bar and out into Fore Street. Seating for approximately 30. Access to:-

COMMERCIAL KITCHEN 
Fully equipped modern stainless steel kitchen including wall mounted Salamander grill, 6 burner gas range and commercial extraction. Commercial microwaves, double deep fat fryer, under counter fridges and freezers.

WASH UP/PREPARATION AREA 
With commercial glass washer, dish washer and large stainless steel sink. Door to side lane for bin storage and deliveries.

PUDDING ROOM 
With further storage area.

LADIES AND GENTS CLOAKROOMS 

OWNERS PRIVATE ACCOMMODATION 
The accommodation is extremely well presented, providing flexible living accommodation arranged over the first and second floors with access to 2 terraced gardens.

PRIVATE ENTRANCE  
From ground floor level, leading to First Floor.

FIRST FLOOR  

SPACIOUS LOUNGE 
With log burner and windows with far reaching views across the estuary.

MODERN BATHROOM 
With bath/shower, wash hand basin and WC.

KITCHEN/DINING AREA 
Currently used for dry storage and office space. Access to the private rear terrace.

SECOND FLOOR 

2 DOUBLE BEDROOMS 
Both offering estuary views. LARGE MODERN FITTED BATHROOM MODERN FITTED KITCHEN/DINING ROOM With access to the rear garden.

TERRACED PRIVATE REAR GARDEN 
Arranged over 2 levels comprising a decked terrace area and steps leading to a further secluded PATIO GARDEN which boasts fantastic panoramic views across the estuary.

GENERAL INFORMATION 

RATEABLE VALUE 
2017 - £12,250. Please note this is not rates payable. Council Tax Band F. For further information we advise you contact the Local Authority, South Hams District Council.

BUSINESS 
The restaurant has built a strong local trade which is further boosted by the influx of second home owners and tourists during the holiday season. No 55 is run by the owner / operator who is front of house and assisted by as many as 3 waitressing staff at the peak of the season. The kitchen is run by a full time chef plus a KP at the busiest times. The restaurant opens 7 evenings a week during the summer reducing to 5 and then 4 evening during the shoulder months. The current owner chooses to close for the month of January. There is also potential for the next operator to extend the opening hours to include lunchtimes. The sale of 'No 55' provides a rare opportunity to purchase a 'home and income' property in arguably one of the most exclusive waterfront locations in the country. An early viewing is highly recommended!

TENURE 
We have been informed the business is being held on a 10 year Lease from April 2016. The current rent is £33,000 per annum with rent reviews every 4 years.

SERVICES 
We are advised that all mains services are connected to the property, separately metered for commercial and residential.

INVENTORY 
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

STOCK  
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

EPC RATING G  

More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Ivybridge (12.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 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 station

  • Ivybridge (12.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 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.

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