Cafe for sale

Fore Street, Kingsbridge, Devon, TQ7

£185,000

Property Description

Commercial information

  • Use class orders: A3 Restaurants and Cafes

Key features

  • Licensed Daytime Only Cafe & Restaurant
  • Prime South Hams Estuary Town Centre Location
  • Main Cafe/Restaurant Area for 44 Customers
  • Self-Contained 2 Bedroom Apartment
  • Enclosed Private Rear Garden
  • Ideal Home & Income or Development Opportunity
  • Priced to Sell

Full description

Tenure: Freehold

THE PROPERTY
Alley Cats Diner is a well-presented purpose equipped day time only licensed cafe and restaurant operating on purposefully restricted opening hours. The business offers potential for incoming operators to purchase a sought-after catering business with the benefit of a self-contained 2 bedroomed owner's apartment and with genuine potential to develop a style of trade to suit their own requirements and take advantage of the prominent and busy town centre trading position. A grade II listed freehold property, the premises are arranged to provide a lock up cafe and restaurant with extensive kitchen and ancillary facilities on the ground floor, which could be suitable for alternative uses such as retail or as a professional office and with further potential for possible residential development, subject to the necessary consents. Above and with a separate independent entrance there is a self-contained residential apartment on the first floor. The property briefly comprises: - Main Cafe Restaurant with an American diner style and booth seating comfortably for 44 customers; spacious Commercial Catering Kitchen and separate Preparation Kitchen; Washup Area; Store Room/Utility Room; and Customer WC. On the first floor and with an independent pedestrian access to the side is a self-contained 2 Double Bedroom Apartment with Sitting Room, Kitchen/Dining Room and Family Shower Room. Externally, the property benefits from an enclosed Private Lawned Garden with various useful Store Rooms. The property is offered for sale in generally good condition throughout, and offers good quality accommodation for owner occupation or for investment purposes.

SITUATION
Alley Cats Diner is situated in a prime trading location in the lower part of Fore Street, the principal retail and professional office location in the popular and attractive South Hams market town of Kingsbridge, an extremely affluent estuary town. With a resident population of around 5000 which is boosted considerably by visitors to the town throughout the year and particularly during the peak summer months, Kingsbridge also draws trade from the nearby coastal villages, hamlets and towns. Lying approximately 21 miles East of Plymouth, 17 South West of Torbay and 10 miles South of Dartmoor National Park, the South Hams enjoys one of the mildest climates in the UK and the area is widely regarded for its leisure, Yachting, Water Sport and marine activities and is truly a very special place in which to live and work. The sale of Alley Cats Diner represents a unique opportunity to purchase a licensed catering business with genuine potential for alternative uses and for investors/developers and an internal viewing is essential to fully appreciate all that these deceptively spacious premises have to offer.

INTERNAL DETAILS
A short passage way from Fore Street leads to glazed double entrance doors into main Cafe and Restaurant Area with American diner style booth restaurant seating, upholstered bench seating and freestanding tables and chairs comfortably seating 44 customers with part wood panelled walls. Painted wood fronted bar and Customer Servery with cash register, coffee machine, coffee grinder, microwave oven, display shelving, stainless steel sink unit, work surfaces, open shelving, double glass fronted bottle fridge and under counter fridge.

Customer WCs. Commercial Catering Kitchen with tiled flooring, part stainless steel and part wipe clean clad walls, and comprising extractor system with stainless steel canopy over, gas cooker, hot plate, 2 table top deep fat fryers, 3 microwave ovens, stainless steel work benches with shelving below, stainless steel sink unit, CCTV monitor, wall shelving and stainless-steel hand basin. Through into Preparation Kitchen with tiled flooring, part tiled and part wipe clean clad walls with stainless steel work benches below, fridge freezer, 2 upright freezers, chest freezer, racked shelving door to rear and door into Store Room/Utility Room with space and plumbing for washing machine and tumble dryer and amble dry storage area. Wash Up Area with part tiled and part wipe clean clad walls deep bowl stainless steel unit, wall shelving and rack shelving.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

PRIVATE ACCOMMODATION
Situated on the first floor and being totally self contained with a separate independent entrance is the Owner's Apartment which briefly comprises: - with dual aspect to side. Kitchen/Dining Room with a range of base and wall mounted kitchen cupboards with complimentary work surfaces and a one and a half bowl stainless steel sink unit. French doors lead to a Balcony Area with steps down to the Rear Garden. Bedroom 1 a double room with built in double wardrobes and aspect to rear. Bedroom 2 a double room with built in wardrobe and aspect to front. Family Shower Room, with a large corner shower and white suite.

EXTERNAL DETAILS
To the rear of the property is an enclosed Private Rear Garden being mainly laid to lawn and West facing with a paved Patio Area range of useful Outbuildings and a Staff WC.
THE BUSINESS
Alley Cats diner trades on a day time only basis as a licensed cafe and family restaurant. Through personal choice, our clients a working couple, trade the business of deliberately restricted hours to suit their family lifestyle offering a collection of hot and cold drinks, alcoholic and soft drinks, milkshakes as well as a simple and easy to prepare menu to include sandwiches, baguettes, panini's, burgers, all day breakfasts, fish and chips, daily specials, desserts, ice cream. The business benefits from a 5-star food hygiene rating. Alley Cats Diner does not currently have a website, although it does have a presence on Facebook and the business also benefits from numerous excellent reviews on Trip Advisor. Our clients have owned the business for 13 years.

TRADING INFORMATION
Our clients have deliberately restricted the opening hours to fit in with their family lifestyle and consequently trade levels are kept below the VAT threshold. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The business trades from 10.30am till 2.30pm Monday - Saturday and is closed on Sundays. These hours are further restricted during the winter months and the business is closed for around 4/5 weeks of the year for holidays.
CURRENT STAFFING
The business is run by our client's a husband and wife team, with 1-part time member of staff being employed.

POTENTIAL
Our clients advise that there is potential to increase all aspects of the current trade with opportunities to extend the current opening hours as well as by opening into the evenings and developing a bistro style menu in the evenings, for which demand exists. There is also the potential for incoming operators to develop their own style of cuisine and trade in a manner to suit their own personal requirements. There are also opportunities for conversion of the ground floor of the premises for alternative uses including offices, retail or even residential, subject to the necessary planning consents. The premises offer's potential as an ideal home and income, or as a buy to let investment/development or by an owner occupier.

EPC
Listed building and therefore exempt.

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk. We are advised that for the current year the business rates payable are 0.

SERVICES
All mains services are connected to the subject property and we are advised that the services to the owner's accommodation are separate and therefore allow the premises to be split and rented out easily.

PRICE & TENURE
185,000 for the valuable freehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

Agents note: A flying freehold exists above the front passageway of the business, please contact the agents for further details.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel: 01392 201262. Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm if it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.



More information from this agent

Nearest station

  • Ivybridge (9.4 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest station

  • Ivybridge (9.4 mi)
Distances are straight line measurements from centre of postcode

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