£99,950

Restaurant for sale

  1.  Photo 8
  2.  Photo 7
  3.  Photo 6

£99,950

Restaurant for sale

Bolberry, Malborough, Kingsbridge TQ7

Local area information

Property location

Nearby amenities

  • Malborough with South Huish Church of England Primary School 1.2 miles
  • South Sands Ferry Landing 2.5 miles
  • Salcombe Church of England Primary School 2.7 miles
  • Salcombe Ferry Landing 3.1 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Award Winning Restaurant in Idyllic South Hams Location
  • Panoramic Coastal Views over Area of Outstanding Natural Beauty
  • Trading 11 Months of the Year
  • Local Repeat Custom with Huge Tourist Boost
  • Contemporary Interior Design & South Facing Terrace
Bolberry Down is a stunning spot located in the South Hams countryside and within a National Trust Area of Outstanding Natural Beauty. The South Devon Coastal path runs in front of Bolberry with Soar Mill Cove and Salcombe to the east. To the west, Hope Cove, South Milton Sands, Bantham and Bigbury. The nearest town is Kingsbridge, approximately 16 miles away. This idyllic location offers uninterrupted views across Bigbury Bay, Burgh Island and Thurlestone making this the perfect location for enjoying this idyllic setting.

Oceans Restaurant & Bar forms part of a purpose-built development including 11 holiday homes. The development was completed in 2016 and has been built to a high specification and beautifully finished. Oceans Restaurant & Bar is a detached single-story building with pitched slate roof and double glazing. This south facing premises is decorated in a modern Urban Rustic style and offers internal seating for 44 and Al Fresco seating for 24. The menu changes regularly to reflect seasonal local produce which is freshly prepared to order in the well-equipped kitchen. The business benefits from a full premise licence. The lease provides 15 parking spaces, 3 of which are for disabled use. This area of Devon is particularly dog friendly and Oceans welcomes dogs into the Restaurant & Bar and the outside Terrace.

Restaurant

Wood panelling to dado rail, log burner with brick effect tiles behind, contemporary light fixtures and seating at solid wood tables and high-backed chairs. Leather couches seating 4 with wooden coffee table. Bespoke Bar with wood panelling below, solid wood work top, soft drink mixer tap and 5 bar mounted beer fonts. San Remo coffee machine and electric grinder, touch screen till with epos system and Polar 3 door drinks fridge. Ceiling mounted copper piping glass holder.

Outside Terrace

Providing spectacular panoramic views. Seating at rattan style chairs and wooden tables. The terrace has flag stone paving, outside lighting and is protected by glass panels.

Disabled Cloakroom

With baby changing unit.

Ladies Cloakroom

With WC cubicle and 2 wash hand basins, electric hand dryer.

Gents Cloakroom

WC cubicle and wash hand basin, electric hand dryer.

Dry Store Cupboard

With wall mounted boiler, fuse box and fire alarm panel. Racking providing dry storage, coat hanging facilities for staff.

Freezer Room

Large Polar commercial fridge and commercial freezer, ice machine.

Loft Storage

Boarded throughout.

Outside Storage

Housing the Python system.

Fenced & Gated Bin Store & Lpg Tank Storage

Parking

15 marked spaces.

General Information

Rateable Value

£31,500. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority.

Business

This award-winning restaurant & bar has built up a superb reputation during the 3 years it has been trading. The local repeat trade is hugely boosted by tourists through the holiday seasons. The restaurant trades for 11 months of the year; 10am till late 7 days a week during the height of the season, reducing the trading hours and days to 5 during the low season. The premises have become very popular for private functions including weddings. For functions, the seating can be increased to 50.

We have been informed the turnover for year end March 2022 was circa £446,000 with 65% Gross Profit. Further financial information will be provided to Bona Fide applicants following a formal viewing made through the Agents, Bettesworths.

Tenure

We have been informed the premises is available on a 10 year lease from 2017 at a rent of £25,000 per annum. There is a maintenance charge of £1,600 per annum.

Services

Sewage tank and borehole water included in maintenance charge. Lpg gas metered.

Stock

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

Inventory

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

EPC To Be Confirmed.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Bettesworths Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bettesworths Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Devon
  4. South Hams
  5. Kingsbridge
  6. Malborough
  7. Bolberry
  8. Bolberry

© 2024 Zoopla Limited. All rights reserved.

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.