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Award Winning Restaurant In Lymington For Sale

Lymington, Hampshire
Asking Price:
£180,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Features
Popular award winning restaurant. Honeypot location on cobbled street to quayside. Established business with loyal clientele. Includes 2 en-suite bed and breakfast letting rooms. Owners/managers 2 bedroom flat. Refurbished to a high standard in current ownership. Could suit various cuisines/concepts. Fully fitted and equipped throughout. Grade II listed premises.

Summary of accommodation
Restaurant (38 covers – could be expanded). Kitchen. Cloakrooms. 2 Letting Bedrooms. Owners/Managers 2 Bedroom Flat.

Location
Historic Georgian Market Town. Central Lymington position close to quayside. There is a redevelopment currently underway on Lymington Quay to increase the number of boat moorings which will positively impact footfall for the restaurant. Brockenhurst approx. 5 miles. New Milton approx. 8 miles. Southampton approx. 20 miles.

Trading & business
the elderflower is an award winning restaurant serving modern British food operated by a husband and wife team. The restaurant is currently open Wednesday to Sunday inclusive for lunch and Tuesday to Saturday evenings for dinner. The owners inform us that the turnover in the last trading year was approximately £450,000 including VAT. Further accounts can be made available to genuinely interested purchasers.

Licences/permissions
We are informed that the property holds a Premises Licence granted by New Forest District Council. The Licensing Act 2003 states that properties serving alcohol have a designated premises supervisor who must hold a Personal Licence. We suggest that all purchasers take appropriate professional advice. We have not had sight of this licensing documentation.

Tenure
leasehold. The owners inform us that the premises are held under an original 15 year full repairing and insuring lease from December 2013, at a rent of £42,000 per annum, with 5 yearly rent reviews. Further lease documentation can be made available to genuinely interested parties.

Property Information

Property:

Leasehold

Lease Terms:

LEASEHOLD. The owners inform us that the premises are held under an original 15 year full repairing and insuring lease from December 2013, at a rent of £42,000 per annum, with 5 yearly rent reviews. Further lease documentation can be made available to genuinely interested parties.

Leasehold Rent:

£42,000 per annum

Living Accommodation:

Restaurant (38 covers – could be expanded). Kitchen. Cloakrooms. 2 Letting Bedrooms. Owners/Managers 2 Bedroom Flat.

Location:

Historic Georgian Market Town. Central Lymington position close to quayside. There is a redevelopment currently underway on Lymington Quay to increase the number of boat moorings which will positively impact footfall for the restaurant. Brockenhurst approx. 5 miles. New Milton approx. 8 miles. Southampton approx. 20 miles.

Premises Details:

Restaurant (38 covers – could be expanded). Kitchen. Cloakrooms. 2 Letting Bedrooms. Owners/Managers 2 Bedroom Flat.

Energy Performance Rating:
C

Contact Information

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