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Well Presented Fully Equipped Licensed Restaurant In Crediton For Sale

Crediton, Devon, UK
Asking Price:
£15,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

The property
The premises are within a substantial Grade II listed corner property. Presented to an extremely high standard throughout the restaurant currently trades as a thriving and well-regarded licensed Thai restaurant with takeaway, which has been owned and run by our clients for 3 years. The premises are purposefully fitted and equipped as a licensed restaurant and there is an opportunity for incoming operators to purchase a fully equipped turnkey business. The premises briefly comprise: - attractive air-conditioned Restaurant Areas on the ground and first floor comfortably seating 40 plus customers; Fully Equipped Commercial Catering Kitchen with extensive Ancillary and Welfare Facilities. The sale of 113 High Street represents a unique opportunity to purchase an exceptionally well-presented restaurant premises in a prominent town centre trading position and with genuine potential for incoming purchasers to purchase a style of trade to suit their own personal requirements, or to continue to trade as a licensed Thai Restaurant and Takeaway.

Situation
The property occupies a prominent corner site fronting the High Street at the junction of Searle Street in Crediton town centre. The property is opposite the Crediton Museum, close to Tesco Express and the General Sir Redvers Buller, Wetherspoons public house. The property fronts the main A377 Exeter to Barnstaple Road and Crediton itself has a population of approximately 9,000 people and is located around 8 miles North West of the cathedral city of Exeter. Crediton is surrounded by unspoilt farmland in an area of great natural beauty and offers an excellent range of local amenities and complementary retailers and businesses.

Ground floor
Customer entrance door into the front and into Entrance Vestibule with glazed door into the Ground Floor Restaurant Area an attractive, well presented and appealing trade area, with air conditioning, solid oak flooring, range of free standing wooden topped tables and leather effect dining chairs comfortably seating 20 plus customers, dumb waiter from the kitchen. Feature reclaimed timber fronted and granite topped return Bar Servery with two glass front bottle fridges, stainless steel sink unit and display shelving. Takeaway Seating Area for 6 customers. Disabled WC. Staircase to:-

First floor
Restaurant Area again another attractive character room with full length windows to two sides, air conditioning, solid oak flooring and a range of wooden topped tables and leather effect chairs comfortably seating 20 plus customers. Commercial Catering Kitchen on the first floor with tiled flooring, part stainless steel and part wipe clean clad walls, fitted with a range of equipment to include:- Extractor system with stainless steel canopy over and gas interlock system, nine ring gas wok burner, stainless steel wall shelving, stainless steel work benches with shelving below, two stainless steel deep bowl sink units, commercial pass through dishwasher, microwave oven, undercounter freezer, upright fridge, twin table top deep fat fryers, hand basin, warming cabinet with serving gantry and warming lamps over and dumb waiter to all floors.

Lower ground floor
Ladies and Gents WC's refurbished to an exceptionally high standard. Storeroom with extensive stainless steel racked shelving, chest freezer, spare warming cabinet, stainless steel preparation table, two upright fridges, glass fronted wine fridge, washing machine and tumble dryer.

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.

External details
Bin Store Area to the side of the property.

The business
Currently the business trades as a busy independent Thai restaurant and takeaway and is fully licensed. The premises boast a prominent trading position and is eminently suitable for alternative cuisines. The business trades on deliberately restricted opening hours and offers a popular takeaway service. Our clients have owned the business for three years during which time they have extensively refurbished and improved the property and consequently the premises are now presented in excellent order throughout and offer a purpose equipped catering business opportunity, in stylish surroundings.

Premises license
The property benefits from a premises license permitting the sale of alcohol for consumption on or off the premises from 8am until 12.30am, 7 days a week.

Potential
There is an opportunity for incoming operators to develop their own trading style and to trade in a manner to suit their own personal requirements. New owners will benefit from being able to move in without the need for any major expenditure on the premises and the sale of this property represents the rare opportunity to acquire an impressive and fully equipped licensed restaurant premises. There are also opportunities to develop a bar/wine bar/cocktail bar trade given the full license which the premises holds. An early appointment to view is highly recommended to view in order to fully appreciate all that this impressive opportunity has to offer.

EPC
D-77

Rating
We are advised that these are currently nil, after 100% business rate relief. 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
£15,000 for the valuable leasehold interest and full trade inventory. The premises are held on the remainder of a 6-year lease, which commenced in June 2019. The rent is £15,000 per annum, payable quarterly in advance, with no VAT applicable. There is a rent review due on the 14th of June 2022. There are repairing and insuring obligations. Please contact us for further details.

Viewings
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.

Property Information

Property:

Leasehold

Lease Terms:

£15,000 for the valuable leasehold interest and full trade inventory. The premises are held on the remainder of a 6-year lease, which commenced in June 2019. The rent is £15,000 per annum, payable quarterly in advance, with no VAT applicable. There is a rent review due on the 14th of June 2022. There are repairing and insuring obligations. Please contact us for further details.

Leasehold Rent:

£15,000 per annum

Location:

The property occupies a prominent corner site fronting the High Street at the junction of Searle Street in Crediton town centre. The property is opposite the Crediton Museum, close to Tesco Express and the General Sir Redvers Buller, Wetherspoons public house. The property fronts the main A377 Exeter to Barnstaple Road and Crediton itself has a population of approximately 9,000 people and is located around 8 miles North West of the cathedral city of Exeter. Crediton is surrounded by unspoilt farmland in an area of great natural beauty and offers an excellent range of local amenities and complementary retailers and businesses.

Premises Details:

The premises are within a substantial Grade II listed corner property. Presented to an extremely high standard throughout the restaurant currently trades as a thriving and well-regarded licensed Thai restaurant with takeaway, which has been owned and run by our clients for 3 years. The premises are purposefully fitted and equipped as a licensed restaurant and there is an opportunity for incoming operators to purchase a fully equipped turnkey business. The premises briefly comprise: - attractive air-conditioned Restaurant Areas on the ground and first floor comfortably seating 40 plus customers; Fully Equipped Commercial Catering Kitchen with extensive Ancillary and Welfare Facilities. The sale of 113 High Street represents a unique opportunity to purchase an exceptionally well-presented restaurant premises in a prominent town centre trading position and with genuine potential for incoming purchasers to purchase a style of trade to suit their own personal requirements, or to continue to trade as a licensed Thai Restaurant and Takeaway.

Other Information

Related Documents:

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