Description
Spectacular Harbourside Location
2 Bedroom Owners Accommodation
25 Covers Inside + 24 Outside Rear; Commercial Kitchen; Plenty of Storage, Customer Toilets, Cellarage etc. Large Harbour View Living Room + Two Bedrooms and Bathroom; Terraced Private Garden.
Full on Licence
Informed Turnover approximately £120,000 – £140,000 y.e. July ‘24
Recent bereavement so currently trading Thursday – Sunday 11 am – 5 pm
The premises are close to the town bridge in a high profile position with dramatic pedestrian flow. The property is mid terraced, in an historic position but without listing restrictions. There is gas fired central heating and four floors of trade and private accommodation. There is a rear trade area comprising of an open courtyard and covered barn for approx. 24 covers. In addition, steps lead up to a private terraced garden.
A dumb waiter supplies food from the first floor kitchen to the trading area on the ground floor.
A large L Shaped Private Lounge on the first floor overlooks the harbour with 2 bedrooms on the top floor.
The Business: Formally known as Nanna Moon’s Café Bar the business has been transformed to a well established licensed restaurant and bar with full on licence which is run by a proprietor and staff open during daytime from Thursday to Sunday only following a family bereavement. Previously the business was open in the day and evenings in the summer months and daytime only opening in the winter. The business has traditionally closed periodically for holidays. A few years ago these premises were used as a Spanish tapas bar and the current living room was a trade area. There is the opportunity to mould the business to the buyer’s own ambitions as a Café and Bar or Thai or Chinese Restaurant for which there appears to be an opportunity. Current Food Hygiene Rating: 5
In addition to the 100’s of summer visitors a good local trade is enjoyed.
A buyer will be required to obtain a personal licence to continue as a licensed premises.
Tenure: The agents are informed that the premises are held under the terms of an 18 year FRI Lease from 2019 paying £21,000 p.a. with monthly payments including property insurance of £1893.
A rare example of a centrally located business premises with living accommodation.
N.B. The rateable value of this property is £10,750 so NO BUSINESS RATES (threshold £12,000) are payable as long as the owner does not own another premises claiming this exemption.
EPC: C
Only £49,950 SAV
Sole Agent: Lawrence Wright 01747 228941
