The Railway is a substantial and highly impressive character detached free of tie bar and restaurant with letting rooms. The Railway has been the subject of a substantial extension and refurbishment and consequently, the business is presented and furnished to an exceptionally high standard throughout. It currently offers 3 high quality Ensuite Letting Bedrooms, attractively furnished and spacious open plan trading areas arranged as a Main Bar Area (24+), 3 Interconnecting Dining Areas (70), exceptionally well equipped Commercial Catering Kitchen with associated Ancillary Facilities and a spacious and well presented 5 Bedroom (2 Ensuite) Self Contained Owner's Accommodation with Sitting Room, Kitchen/Breakfast Room, Bathroom and Utility Room. Externally, the property benefits from a Raised Decked Area to the front of the property (30), and a Private Car Park Area to the rear for up to 10 vehicles. The Railway is a highly regarded and exceptionally well presented town centre bar and restaurant with letting accommodation and a viewing is strongly recommended in order to fully appreciate the exceptional quality and standards inherent throughout all aspects of this business and property.
The Railway is situated just off Queen Street, which leads from the main retail areas of New Street and High Street in the centre of the thriving market town of Honiton. Honiton itself serves a large rural community and is particularly well known as an antique and book centre as well as having a host of national high street multiple retailers and a variety of independent shops. Honiton has excellent communication links with a mainline rail link to London and the A30 dual carriage way provides quick access to the cathedral city of Exeter (15 miles); Exeter city airport and the M5 motorway. The East Devon and Dorset coastline, designated as a world heritage site by UNESCO, is within 9 miles. The Railway is surrounded by a large residential area and is also well positioned for access to all of the facilities within this highly desirable town.
Part glazed entrance door to front into Entrance Vestibule with part glazed doors into Main Bar Area an attractive character room with slate flooring, wall mounted menu boards, part wood panelled walls, feature exposed brick fireplace with inset woodburning stove, wall mounted large screen colour television, range of free standing wooden topped tables, chairs, bar stools and substantial L shaped leather perimeter sofa comfortably seating 24 customers plus adequate standing room. Curved fronted and polished timber topped feature Bar Servery fitted with associated back bar fittings and display shelving with tiled flooring, two glass fronted bottle fridges, undercounter fridge, glass washer, stainless steel sink unit, Faema commercial coffee machine, coffee grinder, and EPOS touch screen cash register. Disabled WC. Open plan from the main bar area into Dining Area 1 with carpeted flooring, part wood panelled walls, feature exposed brickwork, open theatre style serving hatch from the kitchen, free standing wooden topped tables and chairs comfortably seating 16 customers. Open plan into Dining Area 2 a continuation in style and theme, with carpeted flooring, wall mounted menu boards, part wood panelled walls, range of free standing wooden topped tables and chairs comfortably seating 24. Open plan into Dining Area 3/Restaurant with solid oak flooring, part wood panelled walls, free standing wooden topped tables, chairs and leather perimeter seating comfortably for 30 customers with French doors to the rear. Ladies and Gents WC's. Commercial Catering Kitchen with Altro flooring, part stainless steel and part wipe clean clad walls, fully equipped to an exceptionally high standard with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over and gas interlock, 6 burner gas range, commercial pizza oven, flat topped griddle, 2 drawer under counter commercial fridge unit, single floor standing deep fat fryer, single table top deep fat fryer, grill, warming cabinet, lit serving gantry, two x 3 door under counter commercial fridge units, saladette, under counter freezer, 2 door undercounter commercial fridge, 3 door undercounter commercial fridge with saladette over, electric oven, wall shelving, commercial microwave oven, racked shelving units and door to rear. Wash Up Area with Altro flooring, part stainless steel and part wipe clean clad walls, 2 deep bowl stainless steel sink units, pass through commercial dishwasher with tray slide and stainless steel hand basin. Basement with Beer Cellar being temperature controlled, and separate bottle store.
Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.
The Railway Inn offers 3 individually designed high quality ensuite letting bedrooms which benefit from having an independent access to the rear of the property. The high quality rooms are presented and equipped to an exceptionally high standard with remote control flat screen TV's, tea and coffee making facilities with coffee machines, alarm clock radios, hair dryers and Wi-Fi. The bedrooms are well proportioned and briefly comprise: - Bedroom 1 a spacious twin/double room with zip and link beds and an Ensuite Bathroom with shower over bath. Bedroom 2 a spacious twin/double bedroom with zip and link beds and an Ensuite Shower Room. Bedroom 3 a good sized double bedroom with Ensuite Shower Room. Please note that the property has been designed so that the two ensuite bedrooms within the owner's accommodation can be easily utilised as additional letting rooms, if so desired.
Situated on the first floor is the spacious and well appointed owner's apartment which is completely self-contained and accessed through its own private entrance door to the rear. The impressive and flexible family sized owner's apartment briefly comprises: - Sitting Room with aspect to the front, Kitchen/Breakfast Room fitted with a range of wall and base mounted kitchen units with complimentary work surfaces and built in hob and oven. Separate Utility Room. Bedroom 1 good sized double bedroom with aspect to the rear and an Ensuite Bathroom with shower over bath. Bedroom 2 a generous double bedroom with aspect to the front and Ensuite Shower Room. Bedroom 3 a single room with aspect to the front. Bedroom 4 a double bedroom on the second floor with aspect to side. Bedroom 5 a double bedroom on the second floor with aspect to the side. Family Bathroom. Two of the bedrooms have been configured to be easily separated to create 2 ensuite letting rooms. This would still leave a self-contained 3 bedroom owner's apartment.
Raised enclosed Decked Seating Area to the front of the property with wooden bench seating for 30 customers. To the rear of the property is a gravelled Private Car Park Area with space for up to 10 vehicles. Separate stand-alone Preparation Room/Catering Unit being fully equipped to a high standard with Altro flooring, part tiled and part lined walls, spare commercial catering equipment including a chargrill and a flat top griddle. With stainless steel sink unit, turbo fan oven, commercial mixer, extensive shelving, commercial upright freezer, 2 double fronted commercial fridges. Covered Bin Store Area.
The Railway Inn is presented to an extremely high standard throughout and trades as a quality bar and restaurant with letting rooms located in a residential area close to the town centre of this popular East Devon market town. With modern contemporary décor enhancing the character of the property, the Railway Inn is a successful and well-regarded business. With an excellent reputation, the business benefits from a strong regular, year-round following, not only from the town, but also from the surrounding villages and towns. The high quality letting rooms also provide a steady year round income and help boost the turnover throughout the year. The business benefits from impressive levels of repeat custom and the trade is predominantly food led. The business is well regarded for its welcoming feel and atmosphere and its Italian influenced menu. The business has its own websites for the restaurant and bar and a separate website for the letting bedrooms. Our clients also utilise various online accommodation booking platforms and the business benefits from numerous excellent reviews on Trip Advisor. The Railway has also been awarded a 5 Star Food Hygiene rating. In recent years, the business and property have been the subject of fastidious upgrade, improvement and a substantial extension, to an extremely high standard and leaving almost no stone left unturned. This impressive property offers tremendous potential to develop all aspects of the trade still further and the sale of The Railway Inn represents an opportunity to purchase a well regarded free of tie bar and restaurant with high quality letting accommodation and family sized owner's accommodation in a sought after East Devon location. A formal viewing is essential in order to appreciate all that this high quality business and property has to offer.
Full detailed trading information can be made available to interested parties following a formal viewing appointment.
The Railway Inn trades from midday until 2.30pm Friday and Saturday and from 5pm until 10.30pm Monday until Saturday. The business is closed on Sundays and on Monday to Thursday at lunch times.
The business is run by a husband and wife team with the assistance of 2 full time and up to 6 part time/casual members of staff.
Our clients advise that there is potential to develop all aspects of the business and property still further and for future growth in trade levels, particularly by focussed hands on owner operators maximising all the available income streams. There are opportunities to increase the current trading hours and to even introduce all day opening as well as to reconfigure the owner's accommodation to provide 2 additional letting bedrooms, if so desired. Historically, the business has achieved a turnover in excess of £400,000 excluding VAT.
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website
All mains services are connected to the property.
PRICE & TENURE
£75,000 for the valuable Free of Tie Leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.
We are advised that The Railway is held on a 15 year, Fully Repairing & Insuring, Free of Tie lease effective from 2018 with the benefit of security of tenure. Current passing rent £38,000, fixed until 2024 and then subject to rent reviews every 3 years. Full details upon request.
Strictly by appointment with the vendors Sole Selling Agents.Tel: .Email:
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Is accommodation included?:
The Railway is situated just off Queen Street, which leads from the main retail areas of New Street and High Street in the centre of the thriving market town of Honiton. Honiton itself serves a large rural community and is particularly well known as an antique and book centre as well as having a host of national high street multiple retailers and a variety of independent shops. Honiton has excellent communication links with a mainline rail link to London and the A30 dual carriage way provides qu
We are advised that The Railway is held on a 15 year, Fully Repairing & Insuring, Free of Tie lease effective from 2018 with the benefit of security of tenure. Current passing rent £38,000, fixed until 2024 and then subject to rent reviews every 3 years.