Most Attractive Licensed Restaurant/coffee House & Boutique Hotel | | Undisclosed Devon | | Outstanding opportunity to acquire a superb Grade II listed building. Former merchants house and we understand one of Dartmouths oldest buildings. The property has recently been superbly refurbished to a very high standard and in our opinion the business offers tremendous potential for further increase in the right hands. Full One Licence GROUND FLOOR SPACIOUS COFFEE HOUSE approx. frontage 22ft x in the region of 51ft depth. Wealth of exposed beams and timbers, exposed stone wall. Tables and chairs providing seating for 30 persons. Fully equipped bar/servery. Ladies' and gentlemen's cloakrooms plus disabled cloakroom FIRST FLOOR with a wealth of exposed beams and timbers, attractive leaded windows. Restaurant, tables and chairs providing seating for 20 persons. This area is at present used for the breakfasts in respect of the accommodation. Dumb waiter to ground floor. Fully equipped commercial kitchen 15ft 10 x 8ft. It will be appreciated upon inspection that there is potential to convert the first floor restaurant area and kitchen into 3 further letting bedrooms relocating the kitchen area to the rear section of the ground floor coffee house. LETTING ACCOMMODATION First Floor - Landing area with utility cupboard Bedroom 1 - 16ft 8 x 12ft 11 (maximum), en suite shower room with shower, w.c. and wash hand basin Stairs to Second Floor Landing area with exposed beams Bedroom 2 with study area. Shower room with shower, w.c. and wash hand basin. Stairs rise to most attractive bedroom measuring 17ft 9 x 10ft approx. Bedroom 3 - 18ft 2 x 11ft 1 approx. exposed timbers, en suite shower room with shower, w.c. and wash hand basin. Bedroom 4 - 12ft 4 x 12ft 8, leaded windows to front and side with views of Bayards Cove and the river Dart, en suite shower room with shower, w.c. and wash hand basin Bedroom 5 - 13ft 5 x 11ft 5 approx. with exposed ceiling beams, en suite shower room with shower w.c. and wash hand basin. Stairs rise from the second floor landing to The Nelson Suite. Attractive room in the roof space with sitting area having exposed wall and ceiling timbers, doors into the cabin room and main bedroom. Alternatively in our opinion this could be converted and used as a self contained owners apartment. Cabin room 10ft 4 x 8ft 11 (max), exposed beams and timbers, raised cabin double bed with cupboards under. Main bedroom 19ft 7 x 14ft 10 approx ('L' shaped some restricted head height), exposed timbers, leaded dormer windows with side view of Bayards Cove and the river Dart Shower room with shower, w.c. and wash hand basin All the letting rooms are fully furnished to a very high standard | | ADVERT NUMBER : 26194
ADVERT IMPRESSIONS : 80,749 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £980000 | LEASEHOLD: | £95000 | | | | | BUSINESS DETAILS: | Location Sought after position, DEVONTurnover The business is at present operated under a Monthly Licence Tenancy Agreement, however, in our opinion the business offers tremendous potential under personal supervision. We are further advised that the sales for the 12 month period ending 31st March, 2008 showed £207,583 with an overall gross profit of £157,252 at present operated as an attractive Coffee Shop on the Ground Floor with the letting accommodation being utilised for bed and breakfast. In our opinion the business offers tremendous potential for further development in the right hands.Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £45,000 p.a. exclusive of rates for the first 2 years, increasing at that time to £50,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED LICENSED COFFEE HOUSE/RESTAURANT AND BOUTIQUE HOTEL IN THIS MOST SOUGHT AFTER DEVON TOWN.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATEDPrice TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
OR OFFERS INVITED TO INCLUDE THE SUBSTANTIAL FREEHOLD PROPERTY, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS in the region of £980,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation Available as an optional extra is a HOUSE situated approx. 100 yards from the Hotel, comprising:
Ground Floor
2 Bedrooms
Bathroom with bath, w.c. and wash hand basin
First Floor
Lounge/Dining Room
Kitchen
We understand that planning permission as been granted to convert this into 4 additional hotel bedrooms, or indeed it could be utilised as private accommodation, if desired. Available to purchase or indeed available to be rented on a fully furnished basis at a rental of £700 per month. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
