0 bedroom Catering located at Lyme Regis - Guide Price: £199,950

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Full Description:

Guide Price: £199,950

FOR SALE LEASEHOLD EXCELLENT RESTAURANT PREMISES IN A PRIME SEAFRONT LOCATION

Ocean View Restaurant must occupy one of Lyme's best trading locations -a prominent site on the seafront, just a few metres from the beach and close to the famous Cobb Harbour. The town centre is only a short level walk away and to the rear are the much admired Langmoor and Lister public gardens. The premises have been comprehensively refurbished in recent years including internal alterations to provide a most attractive restaurant area which takes full advantage of the seafront situation as 2 sets of folding glazed doors open into the outside seating area (covered by a sail awning).

The kitchen has been comprehensively re-equipped and can readily cope with the high volume of business enjoyed in peak periods. This is a family run business and at present the restaurant has a turnover for the year ending 31.01.16 £511,000 (inc VAT). It is licenced and the menu includes breakfasts, morning coffee and cake, lunches, afternoon teas and evening meals. There is an emphasis on fresh, locally produced food, especially fish. In addition to the busy main holiday season and school/bank holidays there are an increasing number of visitors (especially at weekends) throughout the year.

Lyme Regis is an historic coastal town noted for its many character buildings, centuries old Cobb Harbour and unspoilt surrounding countryside. The town centre provides good shopping facilities for day to day needs and the larger centres of Taunton and Exeter are both about 28 miles away. There is a main line railway station at Axminster (6 miles inland). In Lyme Regis there is also a sailing club, bowls, golf course, theatre, cinema and numerous local societies.The town is situated on the beautiful and unspoilt Devon and Dorset 'Jurassic Coast' awarded World Heritage Site status by UNESCO in December 2001.

The Property:
Glazed front door to Main Entrance lobby with door and stairs to upper floors. Doors to

RESTAURANT about 27'6 x 27'6 (8.28m x 8.28m):
With 2 sets of folding glazed doors to outside seating area, excellent sea views, attractive furnishings providing up to 40 covers, large bespoke counter/bar with 'Simonelli' coffee machine, beer pumps etc., ice making machine, 2 double and 1 single bottle fridges, water softener, stainless steel sink, milk fridge, wine display fridge, glass washer, EPOS system (2 terminals), stainless steel servery (hot lamped) to kitchen. Store cupboard.

OUTSIDE SEATING AREA:
With permanent 'sail' awning, tables and seating for 32. Note: This area is held under license from the Lyme Regis Town Council and we understand the current license fee (2016) is £3,800 per annum.

LADIES AND GENTS W.C.'S:
(Also recently refurbished) are situated off the entrance hallway.

THE KITCHEN 26' x 14'2 (7.92m x 4.32m):
Comprehensively equipped including stainless steep prep surfaces and shelving, wash up area with commercial dishwasher, various sinks, 2 x 4 burner gas cookers and ovens, recently upgraded extraction system, deep fryer. Further 2 ring gas cooker, counter top fryer, high level 'Salamander' grill, 3 microwaves, a number of fridges and freezers, toaster, 'Vaillant' gas boiler for central heating and hot water.

BEER CELLAR AND CHILLED VEGETABLE STORE:
RATEABLE VALUE £20,750 (July 2017)
These figures were obtained from the HMRC website and applicants applicants would be advised to verify this information.

THE LEASE:
A renewable 10 year lease from 2014 at a rental of £35,000 per annum.
Local Authority - West Dorset District Council (01305 251010)

Viewing:
Strictly by appointment with the vendor's agents, Martin Diplock Estate Agents & Valuers, 36 Broad Street, Lyme Regis on (01297) 445500.

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Details

Price:
Guide Price: £199,950
Status:
Available
Type:
Catering
Address:
Ocean View
Marine Parade
Lyme Regis

DT7 3JQ

Features

  • Superb seafront location
  • Spectacular views
  • 40 Covers inside
  • Licence for 32 outside covers
  • Comprehensively fitted modern kitchen
  • Attractively appointed and furnished.

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Contact Us

Martin Diplock Estate Agents
36 Broad Street
Lyme Regis
Dorset DT7 3QF
Call us on +44 (0) 1297 445500

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