Restaurant for sale
Property description & features
- Tenure: Freehold
- Bideford town centre
- Close to large public car park
- Licenced 28 seater restaurant
- Grade II listed premises
- Interlinked lock up retail units
- Currently run as an Indian restaurant
- Suitable for any cuisine
- Services: All mains connected
Ideally placed close to Allhalland Street car park which is just behind the premises in the heart of Bideford town centre.
The town is a thriving port and tourist centre providing an array of local shops as well as the usual supermarkets. On the outskirts is the popular Infinity Business Park which a covered shopping mall.
The town is often referred to as the 'Little White Town' and is close to the well-known tourist resort of Westward Ho! and the fishing village of Appledore.
It is an expanding commercial centre and there are a number of new housing estates planned which will increase the local population and no doubt will bring additional customers to this venue.
THE PROPERTY
The two inter-linked ground floor Grade II Listed premises offer around 700 sq ft of retail space providing a bar servery and takeaway area plus the 28 cover restaurant and customer WC.
There is a fully equipped commercial kitchen, store rooms, staff WC and an enclosed rear yard. The restaurant area has a fitted hot/cold air conditioner/dispenser and both units have street frontage.
THE BUSINESS
Operating as the Taj Mahal the business will be offered fully furnished and equipped subject to trade inventory excluding those items of a personal nature.
This property could equally trade for any type of cuisine. The licence to serve alcohol is for evenings only, 7 nights a week but could be extended subject to permission from the local authority.
From our Webbers office in Mill Street Bideford, turn right and walk along Mill Street, at the High Street crossroads continue straight on along to Allhalland Street. Numbers 4-5 can be found towards the end of the street on the right hand side.
Rooms
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
£10,250 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.
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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Property reference COM230052. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers - Bideford.
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