7969L

RECENTLY REFURBISHED AND FANTASTICALLY LOCATED ‘FREE OF TIE’ RESTAURANT & CAFÉ FOR SALE WITH THREE SELF-CONTAINED FLATS SITUATED IN THE BUSTLING SEASIDE TOWN OF BOURNEMOUTH, DORSET

7969L

  • Superb prime corner position within this ever popular seaside resort, surrounded by shops and businesses.
  • Lovely Restaurant (circa 60) offering wood and tiled flooring, bar servery and exposed brick walls.
  • Intimate Dining Area (circa 16) with tiled flooring and wood panelling.
  • Excellent covered and heated Patio Terrace Area (circa 40).
  • Well equipped Commercial Catering Kitchen.
  • Three Self Contained Flats generating £20k per annum rental.
  • We are advised turnover for y/e 03/17 is circa £600,000 (inc VAT) on a trade split of 70% food and 30% wet.
  • 5 years remaining on a ‘free of tie’ renewable lease.
GREAT LOCATION AND OPPORTUNITY WITHIN BOURNEMOUTH

ASKING PRICE £249,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This recently refurbished ‘free of tie’ leasehold Restaurant & Café is situated on a prominent corner position on Old Christchurch Rd, Bournemouth.

Bournemouth is a very popular large seaside resort on the southern coast of England and within the county of Dorset.

It is best known for its 7 miles of wonderful beaches, Victorian architecture and buzzing nightlife.

The resort is also home to Bournemouth Pier, an activity centre that includes an obstacle course and zip line and an excellent range of shops.

The 2 mile long Bournemouth Gardens becomes a hive of activity in the summer with families having picnics and playing crazy golf.

The town is the largest in Dorset with a population of approximately 200,000, greatly swelled during the summer months.

THE PROPERTY

This free of tie Leasehold Restaurant & Cafe is of painted brick construction, under a pitched, tiled roof, occupying a prominent High Street position within Bournemouth, Dorset.

The Restaurant & Cafe (circa 60) has been recently refurbished and is offered in excellent condition. This lovely trading area includes a mix of tiled and solid wood flooring, bar servery area, exposed brick walls and views into the open kitchen.

The Dining Area (circa 16) is an intimate area to the rear of the property and offers tiled flooring and wood panelling. All trading areas are complimented with excellent fixtures and fittings.

Ladies and Gents W.C.’s.

There is an excellent Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a Walk In Fridge and Freezer. The kitchen is open plan and offers views into the restaurant area.

There is a Store Room and Lockable Bottle Store.

OWNERS ACCOMMODATION

THREE OWNERS FLATS

Located above the business and offering their own access are Three Self-Contained Flats that are currently let out generating approx. £20,000 per annum in rental.

There are 2 x 2 Bedroom Flats and 1 x 1 Bedroom Flat all offering a Lounge, Kitchen and Bathroom.

EXTERNAL

To the front of the business is a superb heated and partly covered Patio Terrace Area ideal for alfresco dining and offering seating for 40 customers. This excellent trading area offers views over the park.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

7 days per week 10am - Midnight

Current opening hours are:

7 days per week - 10am - Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 5 years remaining of the Private ‘Free of Tie’ full repairing and insuring, renewable agreement. We are advised that the restaurant is free of tie for all products. We are informed that the rent is currently £40,000 per annum to be reviewed in 2019. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being £13,000.

THE BUSINESS

Our vendors have operated this successful and established business under management for 30 years as part of the Alcatraz Group (we are currently marketing other Alcatraz businesses in the area). This property has a fantastic position and offers new operators a prime site within this lovely seaside town. The business is run as a Café and Italian Restaurant at present but would be available for many uses.

We are informed that the turnover for y/e 03/17 is circa £600,000 (inc VAT) per annum and has a trade split of 70% food and 30% wet.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.

ADDITIONAL IMAGES

7969L

7969L

7969L