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Themed Licensed Restaurant/Investment Opportunity For Sale

Newton Abbot, Devon, UK
Asking Price:
£600,000
Turnover:
£260,000
Net Profit:
Available on request

Superb themed licensed restaurant/freehold investment opportunity, prime Newton Abbot town centre trading position, considered valuable with catering premises always in demand. Fronting busy primary thoroughfare leading to main shopping area, highly visible, surrounded by other popular and complementary businesses to include national names, benefiting from on street car parking immediately to the front, main car parks close by.

An immaculately presented 3 storey property, the subject of considerable investment, presented to the highest of standards with no expenditure considered necessary. Comprises stunning ground floor air conditioned licensed restaurant complete with bar servery, excellent recently refitted commercial kitchen, wash-up room, storage, and cloakrooms, would suit a variety of cuisine. Additional self-contained 1 bedroom ground floor flat, self-contained 2 bedroom first floor flat, and self-contained 2 bedroom 2nd floor flat, all recently refurbished to high standard and providing rental income.

A popular business which can be staff run with owners acting in a managerial capacity, alternatively restaurant could be rented out to simply provide additional rental income. Currently operated at a level to suit owners lifestyle, only trading 5 evenings and 1 lunchtime each week, also closing 1 month each year, enjoys strong following, quite often fully booked, takings in excess of £5,000 per week, proves very profitable, huge scope to increase opening hours and potential to expand restaurant.

Freehold £600,000 sav Ref: R/INV35294N

Property Information

Property:

Freehold

Living Accommodation:

Accommodation Included.

Contact Everett Masson & Furby

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