Restaurants for sale in Newton Poppleford

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Lockup Restaurant Premises, Currently Closed

Newton Poppleford, Devon, England

  • Freehold Price: £225,000
Seller Reference: 1918F
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Business Description
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Seller Reference: 1918F
Request Details
Business Description
Now closed, the premises previously traded as a licensed Italian restaurant and the sale offers a unique opportunity to purchase a catering premises with the potential for incoming operators to develop their own style of trade to suit their own requirements and take advantage of the prominent main road trading position. Without doubt, there are also opportunities for alternative uses, subject to the necessary consents. The premises briefly comprises:- Main Restaurant in two areas. Commercial Catering Kitchen with ancillary and welfare facilities and off-road parking to the rear.

The premises occupy a prominent landmark trading position alongside the A3052, a major tourist and coastal route running from Exeter and the M5 motorway to Lyme Regis and the Dorset coastline. Situated in the heart of the village of Newton Poppleford, one of East Devon's favoured villages which nestles in the Otter Valley. Newton Poppleford is some 3 miles from the ever popular Regency coastal resort town of Sidmouth, which forms part of the Devon and Dorset Jurassic Coast and is designated as an Area of Outstanding Natural Beauty and has been awarded World Heritage Status by UNESCO. The University and Cathedral City of Exeter, with access to the M5 motorway, intercity rail links and international airport, is within 12 miles.

Main customer entrance door to front into Entrance Vestibule with door into Main Restaurant with carpeted flooring and comfortably seating 48 customers. Bar Servery with Altro flooring, stainless steel sink unit and display wall shelving. Food Servery/Waitress Station. Further Dining Room with carpeted flooring, separate entrance door to front and having space for around 18 customers. Ladies & Gents WCs. Commercial Kitchen (appliances not tested) with Altro flooring and wipe clean clad walls and fitted with commercial catering equipment to include:- extractor system with stainless steel canopy over, 6-burner range, 6-burner hob, deep fat fryer, stainless steel worksurfaces with shelving below, double commercial pizza oven, 2 microwave ovens and wall shelving. Washup Area with Altro flooring and part-tiled walls with 2 deep bowl stainless steel sink units, hand basin, commercial pass-through dishwasher and tray slide and stainless steel worksurfaces with shelving below. Walk-in Fridge. Utility Room. Store Room. Staff WC and door to rear.

Please note: The fittings, equipment and services listed have not been tested by the agents.

To the rear of the property is a Car Park Area with access off Brook Meadow.

The premises provide an owner operator a blank canvas opportunity to develop the style of trade to suit their own requirements, having previously traded for around 40 years as an Italian licensed restaurant but with undoubted opportunities for alternative catering uses or even retail and commercial uses, subject to the necessary consents. Due to unforeseen circumstances, the restaurant closed in April 2018. The freehold of the property is also available, which comprises the ground floor restaurant premises and a first floor 2 bedroom flat. The property is therefore of interest to investors or owner occupiers.

D - 86.

For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website

All main services are connected to the subject property.

NIL PREMIUM for the leasehold interest and remaining trade inventory (if required). Vacant possession upon completion.

The ground floor restaurant premises are offered by way of a new 10 or 15 year lease with a commencing rent of £11,000 per annum. Rent reviews every 3 years. Incentive/rent free periods available. Please contact the agents for further details and to arrange a formal viewing appointment.

The freehold of the property, which comprises the restaurant premises together with a 2 bedroom flat above, is also available with a guide price of £225,000. Please contact the agents for further details.

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.
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