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Prominent Town Centre Pub With Hmo In Torquay For Lease

Torquay, Devon, UK
Asking Price:
£75,000
Turnover:
Available on request
Net Profit:
Available on request

A substantial 4 storey, stone built, terrace property fronting Market Street. The premises are arranged as a ground floor trading area with living accommodation on the 1st, 2nd and 3rd floors. Outside there are 2 raised decking areas and an outside smoking trading area at ground floor.

Property Information

Property:

Leasehold

Location:

Old Skools is situated on Market Street in Torquay's town centre. Torquay is the major resort in the heart of the English Riviera; the three coastal towns of Torquay, Paignton and Brixham making up the region of Torbay, South Devon. Torquay, facing south and overlooking the bay, is recognised as the principle town. Tourism is the main industry of the area with the population increasing dramatically during the summer months with the influx of visitors to the area.

Premises Details:

The accommodation briefly comprises:-

entrance porch
leading to:-

spacious open plan trading area
with central timber topped and fronted bar servery together with back bar fittings to match. A mix of timber tables and upholstered chairs seating approximately 50 in total. Wall mounted wide screen tv, games area to the rear which has 2 pool tables and 2 awp machines. Upholstered booth seating area, part carpeted with stripped wood floors to the rear. Wall mounted speakers. Large bay window to the front and wall mounted darts board. Side door to:-

outside seating/smoking area situated in coaching arch

commercial kitchen
located at ground floor and accessed via a swing door from main trade area. Fully equipped with pizza/baking oven, 6 ring range and oven, hot plate, rotisserie, number of stainless-steel work benches and various refrigeration. Non-slip flooring. Door to outside.

Courtyard
currently unused.

Ladies & gents cloakrooms

disabled wc

utility area
situated to the rear of the bar.

Beer cellar

separate entrance to flats

first floor
owners room with bedroom and living room. Door to outside decking area. 2 x shower cubicles, separate wc. Store room.

4 single occupancy hmo rooms

communal kitchen
with 2 domestic hobs/ovens and fitted kitchen units, various refrigeration.

Second floor
half landing and door to:-

terrace/decking area

separate shower room
with wc and wash hand basin.

3 double bedrooms
currently used under the hmo licence.

Room 7 & 10
currently used privately and not included in the hmo.

Shower room

third floor
fireproofed but not centrally heated. 4 rooms, currently unused.

Separate bathroom
with shower cubicle and bath.

General information

rateable value
2017 list: £12,500. Please note this is not rates payable. Interested parties are advised to make their own enquiries with the local billing authority, torbay council.

Council tax band b

business
old skools is a well-established and popular freehouse which is very much a community pub serving the large catchment area of market street and ellacombe beyond. The bar has a strong local and regular following and is currently wet led. There is huge scope to reintroduce food and to increase the busy daytime trade by adding sports and night time entertainment.

The bar is open from 10am to midnight, 7 days a week and benefits from an on and off premises licence.

On the upper floors are a total of 15 rooms with an hmo licence for 7 of these.

The bar currently turns over approximately £250,000 per annum with 6 letting rooms currently achieving £600 per week. The 9 other rooms are used by management and family however could be let, subject to the necessary consents.

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.

Contact Bettesworths

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