Popular Freehold Bistro for Sale

£160,000 Freehold
  • memories22
memories22

Popular Freehold Bistro for Sale

Memories Bistro, 68 Fore Street, St Marychurch, Torquay, Devon, TQ1 4LX

A fantastic, freehold, 45 cover restaurant premises in the sought-after St Marychurch district of Torquay, Devon. This business has been successfully owner operated for many years and being placed on the open market because of retirement. These enviable premises are conveniently located in an affluent area and benefitting from spacious commercial kitchen, immaculately presented and well equipped, separate ladies and gentlemen's cloakroom facilities, and a valuable collection of feature original enamel signs which are included in the sale. With dining area on both street and lower ground floor level which interconnect inside as well as separate entrances. Function trade, events or even subletting would easily be possible. The premises enjoy low overheads, ideal location and reputation and this is an opportunity not to be missed....


 

LOCATION

Memories Restaurant is in a prime location within St Marychurch Precinct. This unit occupies a prominent  trading location and benefits from a fine reputation with good repeat custom. St Marychurch forms part of a mixed parade of shop fronting the busy Fore Street in St Marychurch Precinct. Convenient parking immediately behind these premises with al-fresco dining atmosphere to front. Ideally located to take advantage of main arterial road links to all parts of Devon, Torquay town centre 5 min away and the Cathedral city of Exeter with its international airport nearby.

 

BUSINESS

This is a unique opportunity to acquire a much liked, centrally located Restaurant which has been trading successfully for many years, but still retaining plenty of scope to expand on the already impressive turnover on the existing open hours. Currently trading with a husband and wife team, two nights per week but providing a good income. Actual trading accounts will be made available following a successful formal viewing.

 

ACCOMMODATION

Entrance through part glazed doors to:

 

GROUND FLOOR

 

DINING AREA

8.22m x 5.39m

With 7 tables providing approx. 22 covers. This highly unique area has been comprehensively dawned with original wall signage which is local reginal & national memorabilia. Generous size tables with comfortable chairs together with 2 chandeliers & wall lighting, bespoke wood fronted and top bar with an array of optics on back wall, 1 twin under counter bottle fridge, 1 single under counter bottle, 1 electric till, credit card machine and ample storage for crockery cutlery and glass ware.

 

STEPS LEADING TO:

 

REAR CORRIDOR

This area has a door to the side, stairs leading to the lower ground floor dining area and doors to.

 

LADIES TOILET

With low level WC and wash hand basin.

 

GENTS TOILET

With low level WC and wash hand basin.

 

CUPBOARD

A good-sized cupboard for general storage.

 

KITCHEN

4.84m x 2.12m, 2.93m x 1.37m (L-shaped)

A spacious and light and airy space which has been fully equipped with the following: 1 six ring gas cooker & double oven with gas grill over and stainless steel extractor above, 2 free standing deep fat fryers, 1 panini griddle, 2 plate warmer cupboards, 1 commercial dishwasher, 6 microwave ovens, 1 stainless steel hand wash basin, 1 wall mounted gas water boiler, 1 upright fridge, 3 under counter fridges, an array of worktop space together with inset twin stainless steel sink & drainer, ample shelving for crockery, pots and pans, window & glazed door to side which lead to a court-yard.

 

LOWER GROUND FLOOR

 

DINING AREA

8.31m x 4.96m

A fantastically presented,  cozy area providing an additional 22 covers. This area can be accessed independently from the front or via the rear corridor of the restaurant upstairs. The area comprises of 3 bespoke dining cubicles, a snug with two tables and an additional table for three. To one side is an additional bespoke made bar with seating and the bar is comprehensively equipped with drinks chillers, beer flash coolers, optics on back wall and ample space for storage of crockery, cutlery and glass ware.

 

STORE

A large built-in storage area with refrigeration units and ample shelving for general storage.

 

COURT YARD

This is an enclosed court yard which is only accessed from the kitchen and has both covered and an open area which could accommodate table & chairs.

 

APARTMENTS

There are 2 apartments above the Bistro that have been sold off on 99 year leases ad pay a small peppercorn rent to the current owner. Both leases have 64 years left on them, but can be renewed as new 150 years leases at a cost of between £11,000 and £15,000 per lease.

 

OPENING HOURS

Currently only opening because of lifestyle choice and imminent retirement. There are no opening or closing restrictions.

Friday        18.30 – last orders 20.30

Saturday    18.30 – last orders 20.30

 

STAFF

Only operated by a husband & wife team.

 

FIXTURES & FITTINGS

Trade fixtures, fittings, equipment, land and buildings except for vendor’s private inventory will be included in this leasehold sale. Full inventory will be provided prior to exchange of contracts

 

SERVICES

Mains electricity, gas, water and drainage are all connected, however no testing of these services have been inspected by the agents, Ware Commercial

 

BUSINESS RATES

Please make your own enquiries on the local Valuation Website (VOA) at www.voa.gov.uk

 

TENURE

Freehold

 

VIEWINGS

All viewings and enquiries are to be made through the agents Ware Commercial.

TEL. 01803 328880 Email. info@warecommercial.com   www.warecommercial.com

 


Misrepresentation Act: Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.