Restaurant/cafe to let in 8 Princes Street, Bude EX23

£15,000 pa (£1.00/sq. ft. pa)
Restaurant/cafe to let 15,000 sq. ft*
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Property description

Location


In a prime town centre trading position, occupying a bold corner site, the property fronts onto the main central one way traffic system within the town centre of Bude, North Devons premier tourist resort.
The town is just off the A39 Atlantic Highway connecting North Cornwall to the coast and beyond.
There are a host of beaches nearby including Summerleaze Beach, Crooklets Beach, Wiedmouth Bay and Sandymouth Bay and the town has a popular Golf Links course.


The premises


The property comprises of a ground floor lock up unit of approximately 720 sq ft operating as a busy 44 seater licenced restaurant.
The café will be offered comprehensively equipped including all dining room tables and chairs and fittings as well as bar servery and to the rear is a fully equipped commercial kitchen and beyond that is a rear lobby and gents and ladies cloakrooms accessed from a pedestrian alleyway from the rear.


Tenure


The premises will be offered on a basis of a commercial lease at a going rental of £1,250 per calendar month on internal repairing, decorating and insuring terms plus an ingoing premium of £54,950.
The lease currently has four years remaining but is a renewable lease, subject to Landlords approval. An incoming tenant will need to provide the usual bank and trade references for Landlords approval.


The business


Our clients have been operating the business for the last 10 years and during that time an excellent trade has been established.
This is an excellent lifestyle business with the restaurant open during the Winter Season from 9am to 2.30pm, closed on Sundays and during the Summer Season the restaurant is open from 9am to 3pm and in the evening 5.30pm to 9pm.
There is of course potential to extend opening hours if required.
The business is run by the two proprietors, a second chef, one front of house member of staff and part-time staff if and when required during the busy summer months.
Accounts for the year ending 2018 show takings of £193,480 with an equally high profit.
We have no hesitation in recommending this business which is now available as a going concern.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Webbers Commercial, EX31 on +44 1271 618961 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Webbers Commercial, and do not constitute property particulars. Please contact Webbers Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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