THE PROPERTY
An impressive and recently refurbished lock-up restaurant and bar premises, boasting a prominent town centre trading position. The premises have undergone a comprehensive and stylish refurbishment to an exceptionally high standard throughout in the last 3 years and is currently a thriving and well-regarded, high-quality licensed café bar and restaurant. Offering modern contemporary furnishings and décor and occupying a vibrant town centre trading location, 32 The Strand provides an exceptional operating environment specifically designed, furnished and fully equipped for the style of trade currently undertaken.
It also offers potential for incoming operators to develop an alternative style of trade to suit their own requirements, should they so wish to do so. These impressive modern restaurant and bar premises briefly comprises: – Attractive air-conditioned Main Restaurant with Central Bar Servery Area currently seating 30+ with ample space for more covers, well equipped Commercial Catering Kitchen, Ancillary and Welfare Facilities including 2 walk-in fridges/freezers. A viewing of 32 The Strand is strongly recommended to fully appreciate all aspects of this extremely well presented and thriving town centre bar and restaurant, which is fitted out to a high standard at considerable cost. Please note that the Wine Hub name and branding will be retained by our clients, as this is used in association with their other business.
SITUATION
32 The Strand occupies a prominent trading position, enjoying all the considerable commercial advantages of a prime trading position amongst other complementary businesses and being situated in the centre of the popular and busy East Devon coastal town of Exmouth. The premises front The Strand, a large public square which is the focal point of the town centre. Exmouth is a sought-after coastal resort town situated on the Jurassic coast and designated as a World Heritage site by UNESCO. Exmouth has a resident population of around 48,000, although this increases substantially during the busy summer months. Exmouth’s sandy beach has been long regarded a tourist attraction in its own right, stretching for around 2 miles. The cathedral city of Exeter with its easy access to the M5 motorway, intercity rail links and international airport is approximately 12 miles to the North West.
INTERNAL DETAILS
Glazed frontage with recessed entrance door leading into Front Restaurant/Bar Area an attractive seating/bar area with tiled flooring, air conditioning, range of freestanding wooden topped tables and quality dining chairs comfortably seating 8 customers with a further potential seating area. Substantial tiled fronted Bar/Customer Servery with over counter, non-slip flooring, display and storage shelving, preparation space, cake/dessert display fridge, triple glass fronted bottle fridge, single glass fronted bottle fridge, stainless steel sink unit, commercial coffee machine, coffee grinder, commercial glasswasher, under counter fridge, storage cupboards, wall shelving and an upright freezer. Rear Restaurant/Bar Area a continuation in style and theme with wood effect flooring, air conditioning, range of freestanding wooden topped tables, upholstered chairs and extensive upholstered perimeter seating comfortably for 22+ customers with ample space for more covers. Ladies, Gents and Accessible WC’s. Commercial Catering Kitchen with non-slip flooring, fully clad walls, fitted with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over, twin table top deep fat fryer, flat top grill, commercial microwave oven, preparation worksurfaces, 2 door commercial counter fridge unit with saladette over, stainless steel shelving, racked shelving, plate warming cabinet, serving gantry with warming lamps, Lainox combi oven and stainless steel hand basin. Storeroom/Wash Up with tiled flooring, clad walls, stainless steel workbenches, racked shelving, stainless steel deep bowl sink unit, commercial dishwasher, stainless steel wall shelving, Walk-In Fridge/Freezer and a further Walk-In Fridge.
EXTERNAL DETAILS
There is a Bin Store Area to the rear of the property.
THE OPPORTUNITY
Currently the business trades as a busy independent café bar and restaurant and is fully licensed. The premises boast a prominent town centre trading position and our clients have owned the business for over 3 years during which time they have completely refurbished and refitted the premises to an extremely high standard throughout and consequently the business is presented in excellent order and offers a purpose equipped and fitted catering/hospitality business opportunity in a sought-after East Devon coastal town. The premises are being sold without the name Wine Hub as this will be retained by our clients as it is used with their associated business.
POTENTIAL
There is an opportunity for incoming operators to develop their own trading style and to trade in a manner to suit their own personal requirements and new owners will benefit from being able to move in without the need for any major expenditure on the premises. The business will undoubtedly thrive in the hands of “hands on” owner operators, especially those with experience and/or a background in the catering industry. There is also the possibility of external seating, subject to the decision of the local authority. An early appointment to view is highly recommended in order to fully appreciate all that this impressive opportunity has to offer.
PREMISES LICENCE
The premises benefits from a premises licence issued by East Devon District Council permitting the sale of alcohol from 9am until 11pm, 7 days a week.
BUSINESS RATES
The rateable value from 1 April 2023 is £13,500. Please note that this is not the amount payable. Further details available upon request.
SERVICES
All mains services, except for gas, are connected to the property.
PRICE & TENURE
£75,000 for the leasehold interest and the trade inventory. The premises are offered by way of new free of tie private lease, the length of which is negotiable, at a rent of £18,000 per annum (£346.15 per week). The lease will have repairing and insuring obligations.
