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Vacant Licensed Catering Premises With Owners Accommodation For Sale

Torquay, Devon
Asking Price:
On request
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

This deceptively large building has a trade area seating circa 30, commercial kitchen with wash up area and the advantage of a self-contained 3 bedroom maisonette above making this an ideal home & income opportunity. During its history the premises has traded as a restaurant for over 30 years and more recently as the highly regarded Italian restaurant Gemelli’s. Now the premises provides an excellent opportunity for the next owner/operator to create their own piece of history in opening their own catering business.

Nil premium - see tenure section

Property Information

Property:

Leasehold

Location:

Torquay, along with Paignton and Brixham make up the Borough of Torbay which is popularly known as The English Riviera. The main industry in the area is tourism and the population increases dramatically during the summer months with an influx of visitors to the South Devon Area. This licenced catering premises is located towards the higher end of Torquay town centre and surrounded by offices, shops and residential housing ensuring a year round trade which is then boosted during the holiday season.

Premises Details:

The premises comprises:-

Bay fronted ground floor trade area
13' 5'' x 32' 10'' (4.1m x 10m)
dining area seating circa 30 with bar servery.

Ladies & disabled cloakroom

gents cloakroom

corridor leading through to:-

waitress station

commercial kitchen & wash up area
currently fitted with a range of commercial catering equipment, ownership of which to be transferred to the next owner/operator.

Owner's accommodation
spacious self-contained owner’s accommodation over 2 floors with stairs leading up from the commercial unit and separate entrance from the rear.

Hallway
with l2 fire alarm system with steps up to:-

kitchen/diner
12' 10'' x 10' 2'' (3.9 m x 3.1m)

spacious lounge/dining room
16' 9'' x 19' 0'' (5.1m x 5.8m)
with open fireplace and double aspect to the front.

Family bathroom
with heated towel rail, pedestal wash hand basin, bath, separate electric shower cubicle and wc.

Storage rooms
wall mounted boiler.

Exit
providing a separate entrance to the owner’s accommodation from the rear lane leading from higher union street.

Stairs leading up to the second floor:-

bedroom 1
10' 6'' x 13' 1'' (3.2m x 4.0m)
double bedroom, double glazed windows and aspect to the front.

Bedroom 2
9' 2'' x 13' 1'' (2.8 m x 4.0m)
double bedroom, double glazed window and aspect to the front.

Bedroom 3
8' 10'' x 13' 1'' (2.7m x 4.0m)
double bedroom with double glazed window with rear aspect.

Rear patio
accessed from the second floor, timber decked patio.

General information

rateable value
£5,600. The premises qualify for 100% small business rates relief however we would recommend you contact torbay council. Council tax b.

Tenure
we have been informed that the landlord will grant a new full repairing and insuring lease at a rent of £12,000 per annum with further terms to be negotiated.

Inventory
a list of equipment to be transferred over to the next tenant to be supplied.

Services
we have been informed the property is connected to all main services.

EPC Rating C

Energy Performance Rating:
C  View EPC Graph for this property

Contact Information

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