Restaurant/cafe for sale in Eastgate Café, 3 Market Road, Tavistock, Devon PL19

Smart licenced café and brassiere having a riverside footage and within Tavistock town centre. Offered for sale by way of an assignment of the existing lease.

Location

The property is situated within the centre of Tavistock, a prosperous town situated on the western side of Dartmoor, close to the Cornish border and noted as a unesco heritage site. With a last reported population of just over 11,000, it is supported by the surrounding villages and is a vibrant hub, circa 22 miles north of Plymouth and 15 miles south of Okehampton.

The East Gate is situated on Market Road, which leads from the town centre and Duke Street as it returns to the A386 alongside the river Tavy. The customer terrace enjoys a peaceful riverside location.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Customer entrance via lobby to single floor trading area (910 sft/ 84.6 sqm) providing for 65 covers overall and having views over the front and side. Recessed bar, separate till point and display station. Customer WC. Double door access to waterside terrace.

Commercial Kitchen (8.3m x 2.4m plus dishwash area 2.5m x 1.8m). Full commercial kitchen with extraction (not tested). Dishwash area with service hatch to bar and access to rear yard. Storage room (3.2m x 2.4m) with wall mounted gas boiler and accessed to terrace. Secure yard with cold store (3.4mx 1.1m),

Terrace. Gated with raised decking and river views and providing space for up to 45 covers.

Planning

The amended use classes would mean that this property could be used for E class uses which include retail, café/restaurant, creches, indoor recreation and gyms. Please enquire for further information.

Rent / Price

Premium for sale at £50,000 to include trade inventory. Current rent £22,000 per annum.

Business Rates

From the Valuation Office Agency website () we understand that the current Rateable Value is £22.500 therefore making the approximate Rates Payable £11,227.500 per annum for 2022/23. Government support for the hospitality sector provides for an additional 75% relief of the chargeable amount.

Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

B(42)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.