JD Commercial Property Directory

COASTAL RESTAURANT WITH 30 YEARS OF ESTABLISHED TRADE

 Coastal village centre location, opposite car parking
 Providing covers for circa 100
 Commercial kitchen, bar servery, carvery station
 Let with trade inventory of fixtures, fittings and equipment
 All year round trade with seasonal uplift
 New 10 year lease term available
 Rare opportunity to acquire such a business with no ingoing
 Services : All mains connected

LOCATION

Westward Ho! represents a tourist trap destination just two miles from Bideford on the Torridge estuary and 11 miles from Barnstaple, North Devon's regional centre. Bideford has a population in the order of 13,000 and Westward Ho! combined with Northam has a population in the order of 9,500.

THE SITUATION

The premises are situated under 100 metres from the slipway leading to Westward Ho! beach, giving the premises a highly prominent trading location and the opportunity of attracting passing trade, particularly in the summer months.  There are a variety of retail and leisure users in the immediate vicinity, as well as public car parking close by.

THE PROPERTY AND CONSTRUCTION

The premises were formerly cottages for local coastguards but in more recent times they have been adapted to provide extensive restaurant premises.  The self contained restaurant has an extensive road frontage and a trading area of circa 2,000 sq.ft (186 sq.m) providing covers for circa 100, closely serviced with carvery station, bar servery, commercial kitchen and back up storage facilities.

THE PROPOSAL

Our clients are offering a new 10 year lease, with a tenants’ rolling option to break with three months notice after the third year, at a rent of £50,000 per annum, which includes the rental of the fixtures, fittings and equipment as well as the premises.

THE BUSINESS

Our clients’ owner operated the business for 26 years prior to having it leased for the last three years.  Accounts, which show a turnover of £585,000, are available to those wishing to take their interest further.  Trading hours during this period were 6 days per week 10.30am – 2.30pm and 6.00pm – 9.30pm, with all day opening on Sundays. 

THE INVENTORY

The property is let with an inventory of trade fixtures, fittings and equipment.

LICENCE

The property enjoys a Premises Licence.

RATES

We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value: £12,750 Rates Payable: £5,840 based on uniformed business rate of 45.8p in the pound.   Occupiers may qualify for reliefs and are advised to make their own enquiries of Torridge District Council.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

Extensive frontage with double glazed entrance door to :-

RESTAURANT
L` shaped measuring 80`0 x 12`1 (24.40 m x 3.70 m) and 53`7 x 17`10 (16.35 m x 5.45 m) Table and chair seating for circa 100 covers, carpet, air conditioning, spot lighting, beamed ceiling, dance floor, radiator heating, dado rail, back ground speakers, chiller dessert carousel, carvery station with 3 meat trays, plate warmer, counter servery.  Bar servery with 2 x double chillers, mirrored optics rack, till, adjoining cellar store with barrel lines and shelving.

CLOAKROOM with toilet facilities off

GENTS TOILET
Low level w.c., wash hand basin, tiled floor, part tiled walls, urinal

LADIES TOILET
2 low level w.cs, wash hand basin, carpet, baby changing facilities

KITCHEN
6 burner gas oven with grill and griddle, 2 x microwaves, 1 x combi microwave, Lincat oven, 2 x double deep fat fryers, commercial fridge, commercial dish washer, extractor system, stainless steel single drainer sink, till, coffee percolator

VEGETABLE STORE
Walk in Foster chiller, glass washer, stainless steel single drainer sink

FREEZER STORE

STAFF TOILET
Low level w.c., wash hand basin

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk