A Smart First Floor Lock Up Unit in Busy Town Centre Location Currently Set Up as a Restaurant. Main Trade Area Seating Approx. 40, Bespoke Bar Area Commercial Kitchen. A Range of Catering Equipment & Fixtures & Fittings Available Via Separate Negotiation. The Unit is also Suitable for Retail Use Subject to the Necessary Consents. New Lease – Terms to be Agreed - Rent £12,000 Per Annum. Nil Ingoing Premium.
- Asking Price:
- On request
- Turnover:
- Available on request
- Net Profit:
- Available on request
Property Information
- Property:
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Leasehold
- Location:
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Kingsbridge is a scenic market town located within the beautiful and affluent area of the South Hams, known for its picturesque towns, villages and beaches. Kingsbridge sits at the head of the Salcombe Estuary and is surrounded by lush, green rolling countryside. It is part of the South Devon Area of Outstanding Natural Beauty making this area extremely popular with tourists throughout the year.
The premises is situated in the town centre, adjacent to the Reel Cinema and on the first floor of the Market Arcade which was originally built in the 16th century and still retains the original granite piers. The lock up unit previously traded as a restaurant and takeaway and has a range of catering equipment and fixtures & fitting available for purchase. The premises offers a wonderful opportunity for an occupier to create their own business in a great location.
- Premises Details:
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The premises comprises:-
Main entrance
Off the high street with stairs leading up to:-First floor trading area
The unit comes with commercial dark wood effect flooring throughout, BESPOKE BAR with wood panelling with wooden work tops. The MAIN TRADE AREA can spaciously seat approximately 40. Wood box sash windows, central heating radiators.Storage room
cooled beer cellar
With python system and wall mounted air conditioning unit.Ladies & gents cloakrooms
commercial kitchen
With commercial extraction system, stainless steel splash back. To the rear is the WASH UP AREA with double sink unit with drainer.General information
business
The restaurant benefits from a full premises licence and is a perfect turnkey operation providing a fantastic opportunity for someone to start up their own catering business. Its location, adjacent to the cinema, provides potential to benefit from knock-on trade.Tenure
We have been informed the Landlord will grant a new lease to the ingoing tenant, subject to satisfactory references, with further terms to be negotiated. The Landlord will require 3 months’ rent deposit and 1 months’ rent in advance to be paid by standing order. The current rent is £12,000 per annum.Inventory
Available by separate negotiation for £11,000. A list of items included can be provided upon request.Rateable value
£6,300. For information, we advise you to contact the Local Authority, South Hams District Council.EPC awaited
