The property Now closed, the premises previously traded as a licensed restaurant with a superior and well appointed spacious 3 double bedroom owners apartment, gardens and private parking. The sale offers a unique opportunity to purchase a catering premises with family sized owners accommodation in a sought after Devon town. The property benefits from a recent neew roof and new boiler. The premises have a purposely fitted commercial kitchen and offers potential for incoming operators to develop their own style of trade to suit their own requirements and take advantage of the town centre trading position. The premises briefly comprise:- character Restaurant in four areas which previously sat around 50 customers; equipped Commercial Catering Kitchen with ancillary and welfare facilities; spacious 3 Bedroom Owners Accommodation with large Sitting Room, large Kitchen/Dining Room and Family Bathroom. Externally, the property benefits from a Courtyard/ Al Fresco Customer Dining Area; Storage Barn; Enclosed Owners Private Lawned Garden Area with Terraced Sun Patio and Private Off-Road Car Parking Area for approximately 6 vehicles.
Situation The property occupies a prominent trading position opposite St Lawrence Green and close to the Queen Elizabeth School complex, fronting the High Street, the main A377 Exeter to Barnstaple road. Crediton itself has a population of approximately 9,000 people and is located around 8 miles north west of the Cathedral City of Exeter with its excellent transport communications having 2 mainline rail links to London, an international airport and easy access to the M5 motorway at Junction 30. Crediton is surrounded by unspoilt farmland in an area of great natural beauty and offers an excellent range of local amenities and complementary retailers and businesses.
Internal details Double entrance doors to the front leading into Main Restaurant an attractive character room with stripped wood flooring, feature open fireplace, part wood panelled walls, feature window seats, ceiling fan, steps up to Raised Dining Area with exposed wall timbers, stripped wood flooring, wood panelled walls. Middle Dining Area with carpeted flooring, part wood panelled and exposed brick walls. Party Room Dining Area with tiled flooring, feature window seat. Ladies & Gents WCs. Commercial Catering Kitchen with tiled flooring and part tiled walls and fitted with commercial catering equipment to include:- extractor system with stainless steel
canopy over and gas interlock, solid top commercial range, Rationale steam combi oven, range of stainless steel worksurfaces with shelving below, dishwasher, microwave oven, twin bowl stainless steel sink unit, stainless steel hand basin, 2 upright fridges and door to outside. Preparation Room/Pastry Section with tiled flooring and part tiled walls, fridge freezer, 1 upright freezer, stainless steel workbenches with shelving below, stainless steel sink unit, microwave oven and door to outside. Dispense Bar Servery Area with tiled flooring, wall shelving, upright commercial wine fridge.
Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.
Owners accommodation Situated on the first floor is the spacious family sized owners accommodation which benefits from a separate private entrance to the side of the property. The apartment briefly comprises:- Sitting Room a large room with feature open fireplace. Kitchen/Dining Room again another character room of generous proportions with feature vaulted ceiling and exposed beams, modern fitted kitchen with a range of base and wall mounted kitchen cupboards, complementary worksurfaces with built in hob and oven. Door with staircase to rear garden. Bedroom 1 a generous double bedroom with dual aspect windows to the front and wood laminated flooring. Bedroom 2 a good sized double room with aspect to the front and carpeted flooring. Bedroom 3 a large single/small double room with aspect to the front and carpeted flooring. Family Bathroom well appointed with bath, separate shower cubicle, bidet, WC and wash hand basin. Spacious Landing with extensive storage and a new Combi gas boiler.
External details To the rear of the property is an attractive enclosed walled Patio Trade Terrace providing al fresco seating and dining opportunities with a partly covered seating area. Storage Barn with racked shelving and chest freezer. Double doors lead through to a fully enclosed Owners Private Garden Area mainly laid to lawn with a terraced Sun Patio Area with views over the town. Beyond this is a private and enclosed off-road Parking Area for 6 vehicles accessed by a private lane to the rear.
The opportunity The premises provide an investment/owner occupier opportunity with possible redevelopment potential, subject to the necessary planning consents. It also offers a blank canvas opportunity to develop a style of trade to suit incoming purchasers, having previously traded for a number of years as a quality licensed restaurant but with undoubted opportunities for alternative catering uses, retail and commercial uses, subject to the necessary consents. Due to unforeseen circumstances, the restaurant closed in March 2018.
EPC C – 66.
Rating For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website .
Services All main services are connected to the subject property.
Price & tenure £15,000 for the leasehold interest and remaining trade inventory. Vacant possession upon completion.
The business is offered by way of a new 10 or 15 year lease with a commencing rent of £21,600 per annum. Rent reviews every 5 years. Incentives/rent free period available. Full details available to interested parties, please contact us for details.
Viewings Strictly by appointment with the vendors Sole Selling Agents.Tel: Email: You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.
Finance An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.