FREEHOLD / LEASEHOLD bar/restaurant with 4 x HOLIDAY LETS*
Description
A mid-terrace double frontage property of two stories above street level of mainly brick construction with part painted elevations under a pitched tile roof. There is commercial at ground floor and living accommodation at first and attic (2nd) floor level. Located to the rear is a modern single storey extension which provides entrance and terraces for the lower accommodation. The property benefits from service and secondary customer access to the rear.
Commercial Description
The ground floor comprises a double frontage open plan trading area with a single bar-servery, trade kitchen and customer WCs. The interior has been recently refurbished to a high standard and provides 85 seats. Located to the rear is an external trading space with is part covered and heated and provided a further 48 seats.
Living Accommodation
Access is provided to the rear of the property via an external staircase that leads to the self- contained entrance at first floor level.
Please refer to brochure for details.
The Business
The business operates as a modern restaurant and bar with a varied menu of including tapas, sharing plates, mains pizzas and roasts and is popular with residents and visitors alike. The four modern en-suite flats are used as holiday lets which are particular busy during the peak seasons. Formal financial information will not be provided however an indication of revenue will be available to seriously interested parties.
Planning & Conservation
Under the Town and Country Planning (Use Classes) Order 1987 (as amended) we understand the property benefits from Commercial Use Class E (restaurant) with the uppers as C3 (residential) with the ability to be used as holiday lets, ASTs or private dwellings. We recommend parties satisfy themselves on these points. The property is not listed nor located in a conservation area, green belt or AONB.
Services
We understand all mains services are connected.
EPC
D-68 & 68 residential accommodation. Commercial pending.
Premises Licence
The property benefits from a premises licence which permits the sale of alcohol Monday to Sunday 10:00 – 23:00. Permitted opening hours may vary.
Fixtures & Fittings
All fixtures and fittings owned outright will be transferred on completion.
Rateable Value
The subject property is on the 2024 Rating List with a Rateable Value of £17,750 (this is not the rates payable). The current small multiplier is 49.9p. Please check www.voa.gov.uk for up to date information.
Tenure
The freehold is held on two titles HP165767 (No.66 and outside areas) and HP572796 (No.68).Offers of £2,000,000 are invited for the benefit of the freehold, fixtures and fittings and the business goodwill (if applicable). VAT status is to be confirmed subject to the purchase method.
Leasehold rental offers will be considered for the benefit of a new lease with terms to be agreed, guide rent £45,000 per annum exclusive.
Viewings
The business is trading so if visiting as customer please do not approach the business or staff directly (staff are not aware). Formal viewings can be arranged by appointment with sole selling agents Savills.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Name | sq ft | sq m | Availability |
---|---|---|---|
Ground - Commercial | 2,045 | 189.99 | Available |
1st - Holiday Flat (1) | 614 | 57.04 | Available |
1st - Holiday Flat (2) | 646 | 60.02 | Available |
1st - Shared Hallway | 140 | 13.01 | Available |
2nd - Holiday Flat (3) | 334 | 31.03 | Available |
2nd - Holiday Flat (4) | 323 | 30.01 | Available |
2nd - Shared Hallway | 86 | 7.99 | Available |
Outdoor - Ground Floor External Trade | 969 | 90.02 | Available |