Restaurant for sale in Torquay

Torquay, Devon

£88,500Leasehold + SAV
Man Fridays22 Victoria ParadeTorquayDevonTQ1 2BBView Map

A prime positioned 50-seater seafood restaurant, which overlooks the beautiful Torquay harbour/marina. Benefiting from an elevated position on the 1st floor, it enjoys wonderful views and comes ready with a well-equipped professional kitchen, bar area, two customer toilets and a self-contained owner accommodation with the same views and low overheads, which makes this opportunity even more exciting. Although trading with deliberate restricted hours due to owner’s lifestyle choice, the turnover is an impressive amount and sees subsequent profits. Currently offering a seafood cuisine but could cater to a wide alternative. Early viewings are highly recommended.

LOCATION

Torquay is a seaside resort town on the English Channel in Devon, south west England. Known for its beaches such as Babbacombe and cliffside Oddicombe, its coastline is nicknamed the English Riviera. The resort is popular all year round and is situated near the cities of Plymouth and the cathedral city of Exeter with its International airport. Also adjoining Torquay is the neighbouring town of Paignton on the west of the bay and across from it sits the fishing port of Brixham. The restaurant premises are ideally situated on Victoria parade, which is in the tourism centre. It benefits from a high footfall and runs adjacent to the harbour with its beautiful boats, al fresco dining and nightlife.

BUSINESS

The business has been successfully owner operated for many years with part time assistance and its only now our clients have decided to place this on the open market because of retirement. It specialises in seafood cuisine, taking advantage of the fishing boats landing their fresh daily catch nearby. Over many years they have nurtured a fine reputation by visitors and locals alike, enjoying a high repeat custom. This easily operated business will come with a full handover/training and who ever wishes to live above the restaurant, will be mightily impressed. This turn-key restaurant comes with low overheads and a long lease to take over. Actual trading account will be available following a successful formal viewing.

ACCOMMODATION

From the side of the property is a door and turning staircase to:

1st FLOOR

DINING ROOM

8.60m x 4.31m

A lovely open span dining area with 13 tables and chairs for approx. 44 cover and an additional 2 tables on the balcony for an extra four covers. This dining area is open span with smaller alcove area’s and with two sides of an array of windows and door to front which make this space light and airy. Because of the elevated dining area being on the 1st floor and with sea views and over the harbour.

BAR AREA

4.84m x 3.94m

This space is just off the dining area and consists of a bespoke half-moon shaped bar with two pumps, optics on back wall, stainless steel sink with drainer, triple undercounter drinks display fridge and ample shelving and general storage. Also, in this area is a storage unit with ample space for cutlery, crockery and glassware.

KITCHEN

5.89m x 2.98m

A large and comprehensively equipped kitchen with a high-level stainless-steel ventilation system. To the side are two storage areas for larger fridge and freezers and one is used as a prep space. To the rear of the kitchen are windows and a door with a staircase to the ground floor and ideal to open up for more fresh air during the hot summer months.

LADIES TOILETS

With a low-level WC and wash hand basin.

GENTS TOILETS

With a low-level WC and wash hand basin.

OWNERS ACCOMMODATION

The owner’s accommodation can be accessed from the 1st floor bar area but with a few simple alterations, this could be independently accessible from the ground floor.

LOUNGE/DINER/KITCHEN

7.60m x 5.28m

Maybe one of the best views in the whole of Torquay. With both sea and harbour views from your own large lounge area together with ample space for dining table, chair and a well-equipped kitchen with an array of wall and base fitted units with inset 1 ½ sink & drainer and ample space for cooker, fridge and dish washer.

BEDROOM

4.09m x 3.39m

A large double room with window to the side of the property.

BATHROOM

With a full-length bath with shower above, low-level WC, wash hand basin and window to the side of the property.

STORE/DRESSING ROOM

3.56m X 2.77m

A large area which could be used for a many uses and come s with large built-in   storage space. At one side is a door which leads out to:

OUTSIDE TERRACE

3.65m x 3.00m

A large decked area for the owners, which could be easily adapted to gain independent access to the apartment.

SERVICES

All mains services, electricity, gas, water and sewage are all connected, however none of these have been tested by the agents Ware Commercial.

FIXTURES AND FITTINGS

All fixtures and fittings are owned outright except for the owner’s personal effects. A full inventory will be provided prior to exchange of contracts.

LEGAL FEES

Each party to cover their own legal cost’s but ingoing tenant to pay for the reasonable incurred lease assignment / set up fees.

TENURE

Leasehold and with a current passing rental of £15,000 per annum.

VIEWINGS

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

Tel: 01803 328880

Email: [email protected]

Website: 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.