This property is no longer on the market
Restaurant
Property description & features
- Tenure: Freehold
- Town house for sale
- Spacious 4 bedroom accommodation
- With rear garden, workshop and garage
- Operating as a licenced café/bistro
- Fully furnished and equipped as a going concern
- Turnover between £60,000 to £70,000 per annum
- Currently only open 4 days a week with scope to extend trading times
- Alternatively could be ideal to convert to a spacious private house, subject to the necessary planning consent
In a most convenient town centre main road location, just yards from a large public car park and is readily accessible for passing trade.
The premises are located in the heart of the market town of Torrington which is a busy hub serving the rural community in North Devon and is around 7 miles away from Bideford.
The town is famous for the Dartington Crystal and the RHS Gardens at Rosemoor which are nearby. There is a regular pannier market and many independent shops.
Torrington is in the centre of Tarka Country, a landscape captured by Henry Williamson in his novel Tarka the Otter in 1927 which told a narrative around the River Torridge.
Indeed, the town rises high above the River Torridge River Valley and has excellent countryside views.
THE PREMISES
A surprisingly large family town house with 4 well-proportioned bedrooms, a lounge at first floor level as well as a spacious family bathroom.
In addition, the ground floor comprises of the bistro, bar servery, seating area and well-equipped commercial kitchen.
Customers have use of the rear sunny, long and narrow lawned walled garden with also has a covered patio area.
The garden provides access to a workshop/freezer room and beyond a large garage with loft over.
AGENTS NOTE
In August 2023 the vendors have submitted a planning application to convert the premises back to a private town house giving a purchaser the option of living in a large family home in the heart of the community.
A decision on this matter is likely to take up to 8 to 12 weeks.
THE BUSINESS
Great business opportunity to be your own boss and run a long-established cafe/bistro.
Operated by a husband and wife team, who by choice currently only open 4 days a week 10am to 3pm.
Current takings are between £60,000 to £70,000 per annum with vast scope to increase.
A business well worthy of your consideration.
Rooms
Ground Floor
Porch
Inner Hall
Restaurant 8.33m x 3.12m
Further Restaurant Area 4.2m x 3.4m
Kitchen 7.44m x 2.13m
WC
First Floor
Lounge 4.67m x 3.73m
Bedroom 3 4.06m x 3.12m
Bedroom 2 3.89m x 2.67m
WC
Second Floor
Bedroom 1 4.45m x 3.7m
Bedroom 4 4.04m x 3.2m
Bathroom 4.34m x 2.62m
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
VIEWING
Strictly by appointment through the selling agents.
RATEABLE VALUE
£2,650 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
COUNCIL TAX BAND
A – Torridge District Council
WANT TO KNOW MORE?
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
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