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Full Details

49,950

Queens Road, Paignton

Property Description
A bright and well appointed Licensed Italian Restaurant in an excellent trading position between the Town Centre and Sea Front. Well equipped commercial Kitchen, Store/Office and Ladies & Gents Cloakrooms. Yard at side.

Just off Torbay Road, the main thoroughfare from the Town Centre to the Sea Front (known as the "Golden Mile"), adjacent to a Park and overlooking the Bowling Greens, this business has been established as a Restaurant for over 40 years and enjoys a high reputation with regular local clientele and a useful boost during the summer. 

*  THE PREMISES COMPRISE  *

(With approximate measurements) 

Double glazed door and side screen to:- 

ENTRANCE LOBBY with few stairs up to Reception Area. 

LADIES CLOAKROOM and WINE STORE off.   

Opening to:- 

Bright and spacious RESTAURANT about 25' square overall with double glazed windows on two sides overlooking the Park and Bowling Greens.  Covers for about 45 at matching tables and chairs.  Wine cooling cabinet.  Dessert trolley.  Wall murals, marble effect columns, paintings and up-lights giving an authentic Italian atmosphere.  Air conditioning unit.  Ceiling light with fan. Tiled floor. 

Well equipped BAR with range of shelving, stainless steel sink, various optics, wine racks and cooler cabinets. Cash register.  CD players with speakers.  2 Black leather effect chairs. 

GENTS CLOAKROOM  

Fully equipped COMMERCIAL KITCHEN arranged in two areas with stainless steel work surfaces/tables and deep stainless steel sink. Ample shelving.  Comprehensive range of equipment including 6 and 4 burner cookers with extractor unit over, industrial microwave, domestic microwave, deep fat fryer, 3 freezers, 3 fridges, dishwasher, "De Longhi" Espresso machine, "Kenwood" food processor, hand mixer and blenders, cooler cabinet, butchers block, kettle and toaster.  2 hand wash-basins.  Tiling and stainless steel cladding to walls.  Tiled floor.  Fluorescent lighting. 

STORE/OFFICE with good sized window.  Shelving and built-in cupboards.  Wall mounted gas fired boiler for central heating and hot water supply. 

BUSINESS:  Mainly run by a husband and wife team, with some part time help, due to which the trade is restricted to suit their family commitments and the Restaurant is only open four nights per week with a limited number of people taken.  There is excellent potential to increase this by opening longer hours, including lunch times. 

TENURE:  We understand the premises are held on a 15 years Lease from January 2010 and that the current rent is £8,325 per annum with the next review due in 2020, but that the Landlord is prepared to grant a new Lease when the business is sold. 

RATEABLE VALUE  £10,500 - subject to small business rate relief 

VIEWING:  Strictly by appointment through the Agents 

PRICE  £49,950

to include goodwill, fixtures and fittings 

A full Inventory of the trade fittings and equipment will be prepared at the time of sale.

 

 


Viewing
For viewing arrangements or further details please contact us on 01803 558 598 .

Disclaimer
These details are intended as a fair description but are not to be taken as part of a resultant contract. We have not tested the services or any appliances in the property.
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