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ESTABLISHED FISH & STEAK RESTAURANT - WELLSWOOD, TORQUAY
Price:
Leasehold - £55,000
Location:
Devon, Wellswood, TORQUAY
Business Type:
Commercial Property, Food Service Businesses
We are delighted to be able to offer this well located fish and steak restaurant situated in the most enviable location of Ilsham Road, Wellswood, Torquay. The property benefits from large windows to front offering 60 cover seating together with bar and lounge, well equipped kitchen and storage rooms with office to rear. Early viewings are highly recommended
THE LOCATION
- Fountain Restaurant is situated on Ilsham Road which is a sought after area of the perennially busy seaside resort of Torquay. Situated within a parade of independent retailers benefiting from high vehicular passing traffic and footfall and also benefiting from ample parking to front and rear of premises
THE BUSINESS
- This business is owner operated with part-time assistance and has now been trading successfully for a number of years, however due to owners other business interests, it has been reluctantly decided to place this Restaurant onto the open market. We the agents believe that there is great scope to expand on the existing turnover by increased marketing, expansion on menu choice and expanding on the deliberately restrictive trading hours
ACCOMMODATION COMPRISES
- Entrance through part glazed doors into main restaurant
DINING ROOM 1
6.20m x 5.70m (20' 4" x 18' 8") – Comprising of 6 tables and chairs for approx 24 covers, 4 x large windows to front, beamed ceiling, ornate fire-place and hearth with inset gas fire, fully carpeted and with ceiling down lights
BAR/LOUNGE
5.91m x 4.97m (19' 5" x 16' 4") - Lounge area with 4 x leather two seater sofas with coffee table. Bar area comprising of half moon shaped, wooden topped bar with ornate canopy above, comprehensive shelving to rear for glassware, crockery etc, 2 x under counter glass fronted chiller cabinets, full array of optics, 1 x beer pump, post mix, 2 group cappuccino machine, coffee grinder and filter coffee machine
WAITER'S PREP AREA
2.01m x 1.74m (6' 7" x 5' 9") – Comprising of 2 x waiters stations and 1 x large upright glass fronted fridge for wines
DINING AREA 2
6.70m x 4.30m (22' x 14' 1") – Consisting of 8 x tables and chairs for approx 28 covers, wood effect flooring throughout, beamed ceiling, ceiling fan and down lighters. To the rear of this area is an archway leading through to
REAR HALLWAY
4.40m x 1.17m (14' 5" x 3' 10") – Ideally utilised as cloakroom area and for storage of additional tables and chairs
Also with doors leading off to
LADIES CLOAKROOM
- Comprising of two individual cubicles with shared wash hand basin
GENTS CLOAKROOM
- Comprising of one cubicle, one urinal and wash hand basin
KITCHEN
8.85m x 2.68m (29' 0" x 8' 10") – Comprehensively equipped with 1 x free standing large twin sink, 1 x through put dish washer, 1 x under counter freezer, 3 x microwave ovens, 1 x free standing stainless steel table, 1 x twin deep fat fryer, 1 x large flat griddle, 1 x 6 ring burner and double oven, 1 x flat griddle, 1 x twin door food hot cupboard, 1 x 3 door fridge, 1 x upright fridge, 1 x water boiler and wall mounted combi boiler
To the front of the kitchen are 2 servery hatches (one leading into dining area 2 and the other leading into the bar/lounge area)
To the rear of the kitchen is a doorway and steps leading up to
STORE ROOM 1
5.64m x 1.29m (18' 6" x 4' 3") – Benefiting from five tier storage racking for the storage of dry goods and door to rear
STORE ROOM 2
4.80m x 4.37m (15' 9" x 14' 4") – With built-in storage cupboard
STORE ROOM 3
4.46m x 2.70m (14' 8" x 8' 10") – With free standing stainless steel table, 1 x upright freezer and large walk-in fridge
OFFICE
1.90m x 3.85m (6' 3" x 12' 8") – Benefiting from 1 x chest freezer, desk, telephone and broadband point, obscure window to rear
FIXTURES & FITTINGS
- Trade fixtures, fittings and equipment with the exception of the vendors private inventory, will be included in this Leasehold sale. Full inventory to be provided at exchange of contracts with full stock inventory to be provided at completion
SERVICES
- Mains electricity, gas, water and drainage are all connected. However, no testing of these services have been undertaken by the Agents, Lake and Ware Commercial
BUSINESS RATES
- Please make your own enquiries on the local valuation website (VOA) at www.voa.gov.uk
LICENCE
- The property benefits from an on and off premises license together with entertainment license. It is a requirement of the licensing act 2003 that all properties serving alcohol have a designated premises supervisor who must hold a personal license
OPENING HOURS
- Monday to Saturday inclusive 7.00 pm to 9.30 pm
TENURE
- Leasehold. 20 year lease from August 2001 with a current passing rental of £16,500 pa
LEGAL FEES
- Ingoing tenant to pay Landlord’s reasonably incurred lease assignment costs
Fountain Restaurant is situated on Ilsham Road which is a sought after area of the perennially busy seaside resort of Torquay. Situated within a parade of independent retailers benefiting from high vehicular passing traffic and footfall and also benefiting from ample parking to front and rear of premises
TENURE
- Leasehold. 20 year lease from August 2001 with a current passing rental of £16,500 pa
LEGAL FEES
- Ingoing tenant to pay Landlord’s reasonably incurred lease assignment costs
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