0 bedroom Catering located at Lyme Regis - Guide Price: £85,000

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Full Description:

Guide Price: £85,000

THE BUSINESS:
The present owner took over the premises in January 2013 (there was a successful cafe/restaurant here for many years before that) and started a unique vegetarian restaurant. This has proved to be a real hit for both lunch and dinner customers and an excellent turnover of around £200,000 (inc. VAT) reflects that success. Clientele includes locals, holiday home owners and visitors with many regular customers attracted by the high quality freshly cooked food and a range of wines and beers.

Accounts will be made available to seriously interested applicants.

Note: This has always proved to be a busy and profitable location and whilst there is clearly a strong demand for vegetarian cuisine, a new proprietor may choose to introduce a different style of food.

THE PROPERTY:
1 Coombe Street is an imposing period property (Grade II Listed) which offers covers for 28 inside and 16 in the riverside courtyard outside. There is a kitchen on the ground floor and a large preparation room/store and a cellar at lower level.

It is situated in one of the oldest parts of Lyme Regis with its origins reportedly going back to Saxon times. Much of the property here comprises old cottages and houses with a variety of shops, galleries and restaurants and the historic Town Mill complex (with a working water wheel, museum and arts and crafts, brewery etc.).

Tierra Kitchen enjoys a picturesque and prominent location just a few metres from the main shopping area and seafront on a busy thoroughfare (mainly pedestrian) and features the tiny River Lym.

Lyme Regis is a picturesque 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 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 LEASE:
A 20 years lease from 2013 at an annual rent of £14,400 per annum on Full Repairing and Insuring terms.

The business is for sale as a going concern.

THE PREMISES:
Glazed entrance door to

Restaurant:
19'3 x 12'3 (5.87m x 3.73m) (24 covers)

Triple aspect windows including large display window to Coombe Street and overlooking the river to the rear.

Servery:
12'10 x 9' (3.91m x 2.74m) (4 covers in window)

Display window matching restaurant, counter with shelving beneath, 'Rancilio' coffee machine and grinder, doors to rear hall and

Kitchen:
14'3 x 8'10 (4.34m x 2.69m) overall (overlooking river from bay window)

Stainless steel sink and also hand wash sink, gas cooking range with 6 rings, 2 extractors, stainless steel cabinet with 3 fridges and cold drawer, shelving, 'Linzat' fryer, 2 further fridges and a freezer, fly killer, dumb waiter to preparation room.

Inner Hall:
With doors and stairs down to lower ground floor and preparation room.

Two Separate WC's:
Each with WC and hand basin.

Lower Ground Floor:


Preparation Room/Wash-Up/Store:
16'9 x 16'7 (5.11m x 5.05m) (overlooking river)
2 stainless steel sink units, commercial dishwasher, table and worktop, 2 fridges, 2 chest freezers, washing machine, quarry tiled floor, door to covered side passage leading from Coombe Street to the river. Wine store which also houses the hot water cylinder.

Outside:
Courtyard with 16 covers and awning over. Steps down to

Cellar:
18'3 x 11'7 (5.56m x 3.53m)
With light, power and water

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Details

Price:
Guide Price: £85,000
Status:
Available
Type:
Catering
Address:
Tierra Kitchen
1 Coombe Street
Lyme Regis

DT7 3PY

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