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Restaurant/cafe for sale

£12,995

Union Street, Torquay TQ2

Interested in this property? Call +44 1803 268798 * or

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Property features

  • Popular Licensed Restaurant
  • Ground Floor Trade Area with Scope to Seat 30
  • Well Established with Strong Local Trade
  • Spacious 3 Bed Self-Contained Accommodation
  • Reduced for a Quick Sale - Vendors Relocating

Property description

Torquay, along with Paignton and Brixham make up the Borough of Torbay which is popularly known as The English Riviera. The main industry in the area is tourism and the population increases dramatically during the summer months with an influx of visitors to the South Devon Area. Gemelli's Restaurant is located towards the higher end of Torquay town centre, almost opposite the law courts and surrounded by offices, shops and residential housing ensuring an all year round trade which is then boosted during the holiday season. Gemelli's Licensed Italian Restaurant has been successfully trading for 9 years and is run by a husband and wife team. This deceptively large building has a smartly decorated trade area, commercial kitchen with wash up area and the advantage of a self-contained 3 bedroom maisonette above making this an ideal home & income opportunity.


Bay fronted ground floor trade area


With side entrance leading into the dining room currently seating 18, however there is scope to seat up to 30. The restaurant is carpeted throughout and benefits from having a log burner, night storage heaters and ceiling mounted air conditioning unit.


Bar servery


With chiller display unit, San Remo coffee machine and separate grinder, under counter drinks fridge, electronic cash register, glass storage, shelving for liqueurs and stainless steel wash hand basin.


Ladies & disabled cloakroom


With wipe down wall cladding, WC, wash hand basin and electric hand dryer.


Gents cloakroom


With Floor to ceiling tiles, WC, wash hand basin and electric hand dryer.Corridor leading through to:-


Waitress station


Under counter fridge and cutlery station. Leading through to the:-


Commercial kitchen


Tiled floor throughout. Bosch large upright fridge, selection of stainless steel prep tables, commercial pizza oven, 2 commercial microwaves, commercial meat slicer, .6 ring gas hob with oven under, wall mounted electric grill, 2 single deep fat fryers and commercial extraction system. 2 under counter fridges, dry store racking, wash hand basin, large upright freezer, double sink unit with drainer and a selection of cooking utensils. Exit to rear lane and bin storage.


Wash up area


Large stainless steel sink with drainer and commercial dishwasher.


Owners accommodation


Spacious self-contained owner's accommodation over 2 floors with stairs leading up from the commercial unit and separate entrance from the rear.


Hallway


With L2 Fire Alarm System with steps up to:-


Kitchen/diner


With electric hob and separate oven under. Night storage heater, plumbing for washing machine and laminate flooring.


Spacious lounge / dining room


With open fireplace and double aspect to the front.


Family bathroom


With heated towel rail, pedestal wash hand basin, bath, separate electric shower cubicle and WC.


Storage rooms


Further dry store area and wall mounted boiler.


Exit


Providing a separate entrance to the owner's accommodation from the rear lane leading from Higher Union Street.Stairs leading up to the second floor:-

bedroom 1
Double bedroom, double glazed windows and aspect to the front. Night storage unit.

Bedroom 2
Double bedroom, double glazed window and aspect to the front. Night storage unit.

Bedroom 3
Double bedroom with double glazed window with rear aspect.


Rear patio


Accessed from the second floor, timber decked patio.


General information

business


Gemelli's is run by a chef proprietor with the assistance of his wife who is front of house. The opening hours are Wednesday to Monday evenings 6.30pm till close, Monday, Wednesday, Thursday and Friday lunch 12pm to 2pm. The restaurant is closed all day Tuesday and on both Saturday and Sunday lunchtimes. The cuisine is currently Italian, however the premises lend themselves to a number of catering uses. The proprietor trades up to the VAT threshold through choice although there is certainly scope to increase this figure with new operators. Accounting information will be made available to bona fide applicants following a formal viewing.


Rateable value


£5,600. The premises qualify for 100% Small Business Rates Relief however we would recommend you contact Torbay Council on for further information. Council Tax B.


Tenure


We have been informed that the Landlord will grant a new Fully Repairing and Insuring Lease at a rent of £14,400 per annum with further terms to be negotiated.


Services


We have been informed the property is connected to all main services


Inventory


To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects


Stock


Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.


EPC rating C


(This was under the Vanilla pod but same address)


Property info

What Zoopla users think of Torquay

Overall rating:

  • currently 3.5 stars
Good - 72% (227 ratings)

Ratings breakdown:

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Nearby transport

  • Torre (0.6 miles)
  • Torquay (0.7 miles)
  • Paignton (2.7 miles)
  • Exeter International Airport (19.1 miles)
  • Cardiff Airport (64.7 miles)
  • Bristol Airport (72.5 miles)
  • Torquay - North Quay (0.7 miles)
  • Torquay Harbour Boarding Pontoon (0.8 miles)
  • Brixham Harbour Boarding Stage (5.0 miles)

Nearby schools

View all schools in Torbay
  • Ellacombe Academy (0.4 miles)
  • Upton St James CofE Primary School (0.4 miles)
  • Cockington Primary School (0.5 miles)
  • EF Academy Torbay (0.2 miles)
  • Eat That Frog C.I.C. (0.2 miles)
  • Huntercombe Hospital School Watcombe (1.9 miles)
  • The Spires College (0.7 miles)
  • Torquay Academy (0.8 miles)
  • Torquay Girls Grammar School (1.0 mile)
Note: Distances are straight line measurements

Local info for Torbay

About the neighbours in TQ2

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For more information about this property, please contact
Bettesworths, TQ1 on +44 1803 268798 * (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 Bettesworths, and do not constitute property particulars. Please contact Bettesworths for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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