Property description
For Sale by Public Auction on Tuesday 26th July 2016 at The Imperial Brasserie, South Parade, Weston-super-Mare at 7.00pm. A unique opportunity to purchase this substantial, multi-functional, investment property, located within reach of Weston super Mare town centre and sea front. The property offers a 60 cover restaurant with equipped kitchen, food prep area, bar, ladies and gents WC's, (with take-away and alcohol licenses), plus a self contained 'lock up' shop and five self contained first and second floor flats.Total income circa £41,000 per annum.EPC Ratings Commercial - C 60 & G 157 / Domestic D56 to E52.An interesting investment opportunity with scope for further business growth.A must view which is highly recommended by the agent.*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure guide.
60 Cover Restaurant with Take-away & Alcohol Licenses
Restuarant - 26' 3'' x 18' 3'' (8.00m x 5.55m)
Bar - 21' 4'' x 4' 9'' (6.50m x 1.45m)
Fully equipped kitchen and prep area
To include fridges/freezers, fish fryer, six ring double fan oven and griddle, bain marie, pealer/chipper, electronic cash handling till system.
Kitchen Area - 18' 6'' x 6' 9'' (5.65m x 2.05m)
Prep Area - 8' 0'' x 7' 7'' (2.45m x 2.30m)
WC Ladies and Gents
Lock up Shop with WC and Storage - 16' 9'' x 14' 7'' (5.10m x 4.45m) Max
Door to rear yard. Rented as Newsagents at £4k pa
Five Self Contained Flats covering the first and second floors
Electric heating. All rented on Assured Shorthold Tenancies. Mostly double glazed, fitted kitchens, living room, shower room. Some sea views from second floor.
INCOME:
Restaurant - Leased @ £15,000 PALock Up Shop - Leased @ £4,000 PAResidential Flats - Rented @ £22,000 PACIRCA £41,000 PA
EPC Ratings
COMMERCIAL Cafe C60 Newsagents G157FLAT 1 D56FLAT 2 D65FLAT 3 E52FLAT 4 E42FLAT 5 E50
Property Features :
- For Sale by Public Auction on 28 May 2015
- A unique opportunity to purchase this substantal investment property
- Located within reach of Weston super Mare town centre and sea front
- 60 cover restaurant with equipped kitchen, food prep area, bar and Ladies and Gents WC´s.
- Self contained ´lock up´ shop
Property Info: