Pub/bar to let

£50,000 pa (£1.00/sq. ft. pa)

Barton Road, Woolacombe EX34

Pub/bar to let 50,000 sq. ft*
Interested in this property? Call +44 1271 618961 * or Request Details

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Property description

Location


In a prime tourist trading position in the heart of Woolacombe, North Devons surfing Mecca along the majestic North Devon coastline.

The village is approximately 3 miles West of Ilfracombe (North Devons premier resort) and approximately 10 miles North of Barnstaple (North Devons main commercial town).


The premises


Webbers Commercial have been favoured with instructions by the freeholders to offer the premises on the basis of a brand new lease.

The property comprises of a 70 seater restaurant area, an l-shaped public bar, central interconnecting corridor and gents and ladies cloakrooms.

In addition there is a well-equipped commercial kitchen, cellar and store.

Above the main bar is a spacious three bedroom owners apartment which benefits from gas-fired central heating and has access to a roof top terrace with chalet and rooftop garden area.

The entire property wraps around a sunny south facing split level courtyard and beer garden.

The property benefits for parking for three staff vehicles in the front of the property at Barton Road.


Tenure


The property will be made available on the basis of a brand new lease at a commencing rental of £50,000 per annum on full repairing and insuring terms and with an ingoing asking premium of £200,000 for the goodwill of the business and fixtures, fittings and equipment (excluding those items of a personal nature).

An incoming tenant will need to provide the usual bank and trade references for Landlords approval.


The business


This business has been owned by the same family for decades and is now available for genuine reasons.

The public house bar and restaurant opens from Easter to October with a combined turnover of around £500,000 of which approximately £200,000 was provided by the food trade.

It should be noted that the restaurant area was let to a chef at a nominal rent and served a limited menu; therefore a discerning purchaser could quite easily increase the turnover by extending opening hours to open in the winter to increase trade.

Details of accounts will be made available to those seriously interested parties who have inspected the property.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Webbers Commercial, EX31 on +44 1271 618961 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Webbers Commercial, and do not constitute property particulars. Please contact Webbers Commercial for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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