Leisure Investment Opportunity , Confidential , Torquay , Devon Freehold : £475,000

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Full Details

LOCATION
Access to the M5 Motorway at Exeter can be either via Okehampton at the A30 or via Plymouth and the A38. Mainline Railway services are from Plymouth and a selection of schedule and charter air-links are available from Exeter international.
N.B. The Google location map shows Waycotts office not the property location.

DESCRIPTION
A traditional public house and restaurant with large family room together with superb 3 bedroom owners accommodation and additional staff Bedsit. Freehold sale subject to the current lease arrangements at a rental of £25,000pa.

ACCOMMODATION
The main Front door to Porch leading to

The Public accommodation briefly comprising

Ground floor

MAIN BAR
A most attractive bar area with seating for 30 +2
Feature fire places with log burners
Disabled WC facility and family WC

Archways through

DINING ROOM and CONSERVATORY area
50+ COVERS 2 Double French doors to the courtyard area

LADIES AND GENTS CLOAKROOMS

First Floor

FAMILY /GAMES ROOM
A great room with Pool table “Playstation” “Xbox” and other games to entertain the whole family. This room can offer additional dining area and private functions.

NB All the public accommodation is served by a “Sonos” wireless Wi-Fi system.

The private accommodation
Ground floor

COMMERCIAL KITCHEN
An extensively equipped modern Kitchen with 2 Rational ovens recently fitted to cope with an extensive menu with appropriate refrigeration and wash up facility.

CELLAR
Temperature controlled beer cellar and through to further stores

First Floor

STAFF BEDSIT
A bedsitting room with its own patio area and a shower room/WC

OWNERS APARTMENT

A beautifully appointed and recently completed apartment with self-contained access

Comprising.

Kitchen Dining room through to

Lounge Area

Bedroom 1
Double with ensuite bathroom/wc

Bedroom 2
Double

Bedroom 3
Single

Family Bathroom /WC

Door to Roof Terrace with stairs down to self

Outside
Patio area.
Large car park across the road.

Rateable Value
Commercial rateable value £15200
Residential - Council Tax Band A.

EPC - Rated C – full details available.

TERMS
The business is currently let on a 2½ year lease ending in March 2019 at a rental of £25,000. The lease is drawn on FRI terms and is contracted outside of the Security of Tenure regulations of the Landlord and Tenant Act 1954 part ll. We understand that the current tenants may consider a new lease, but no terms have been discussed.

OUTGOINGS
Rateable Value
Commercial rateable value £11750
Residential - Council Tax Band A.

VAT
VAT – All prices are quoted exclusive of VAT where chargeable

LEGAL COSTS
Each party to be responsible for their own legal costs incurred.

VIEWING
Strictly by prior appointment with the sole agents.

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Location

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

Company No. 08771510 Registered in England and Wales

VAT Registration Number: 196 9480 44