The Boathouse is a very well-known and previously long-established bar/cafe/restaurant, which enjoys an enviable waterside location on Preston seafront. The business has traded very successfully for over 15 years, regularly taking in excess of £20,000 per week in the summer season. The business has recently closed with the property becoming available on a rare Long Leasehold basis (114 years unexpired), which should be of interest to both operators and investors alike.
- Asking Price:
- £600,000
- Turnover:
- Available on request
- Net Profit:
- Available on request
Property Information
- Property:
-
Leasehold
- Location:
-
Preston is a seaside conurbation of Paignton, located to the norther edge of the town between Paignton and Torquay. Preston has a popular beach and is a great destination for both local families and holiday makers, with its easy access and its safe swimming.
The beachfront is adorned with traditional beach huts during the summer months and has a wide level promenade to the front. The subject property is only a short stroll to Paignton Green, Paignton Pier and the town centre. Paignton harbour is located just beyond this, again with easy access from Preston beach.
Paignton is loved for its long sandy beaches and is a colourful, traditional seaside resort, popular for its mild climate and lively seafront. Forming part of the English Riviera with its neighbours Torquay and Brixham, Paignton is accessed via the A380 passing Newton Abbot, approximately 20 miles from the City of Exeter. Paignton has a Mainline Railway Station and is connected to the M5 Motorway via the A380 at Exeter.
- Premises Details:
-
The accommodation briefly comprises:-
ENTRANCE DOOR
Leading to:-BAR/RECEPTION AREA
With timber topped centrally position bar servery with mirrored backdrop and part exposed brick work. Upholstered bench seating to side, strip wood flooring, pedant hanging lighting.FUNCTION ROOM
Situated to the side of the main entrance. A sizeable room with glazing to Preston Green elevation. Part exposed painted brick work with exposed ceiling beam. Carpeted. Swing door to kitchen.MAIN BAR
With centrally positioned bar servery with long return to side. A light and airy restaurant with open plan trading space. Contemporary style wood burner, selection of modern tables and chairs. Part wood/part commercial non-slip flooring. Feature arched windows to seaside. Double french doors to outside trading area.CLOAKROOMS
LADIES
2 WC's, 1 wash hand basin and tiled floor and walls.GENTS
1 WC, urinal, 1 wash hand basin and tiled floor and walls.OUTSIDE
Large outside terrace with raised level to the side and a sunny aspect. Stunning sea views over to Torquay and Thatchers Rock. Providing in excess of 100 covers.PREPARATION AREA
Leading to:-MAIN COMMERCIAL KITCHEN
With extraction canopy, non-slip flooring, part tiled/part uPVC clad walls. Fage double pizza oven, sink and drainer, stainless steel work bench.WASH UP AREA
With non-slip flooring, uPVC clad walls, double deep sink and wall mounted combi boiler.UTILITY AREA
Outside door to:-SMALL COURTYARD AREA
GROUND FLOOR TEMPERATURE CONTROLLED BEER CELLARPRIVATE CAR PARKING SPACE
GENERAL INFORMATION
RATEABLE VALUE
2023 List: £19,750.Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.
TENURE
The Boathouse is held on a Full Repairing and Insuring lease for 125 years from Torbay Council, effective from April 2012 (114 years unexpired). The current rent passing is £10,500 per annum, subject to 3 yearly RPI linked rent reviews.An electronic copy of the lease will be made available to bone fide interested parties following a formal viewing.
SERVICES
We have been informed that the property is connected to all mains services and has the benefit of a fire alarm system and wireless intruder alarm system.INVENTORY
The premises is being sold without a trade inventory.EPC RATING D
- Energy Performance Rating:
- D
