Brundle's Bar and Restaurant Beach Rd 6,366 SF Retail Building Woolacombe EX34 7FG $1,998,588 ($313.95/SF)

Our clients are inviting offers in the region of £1,500,000 for the Long Leasehold interest, originally 250 years with approximately 245 remaining and a peppercorn rent. There is a service charge of approximately £6,000 pa for upkeep and maintenance of common parts as well as buildings insurance. Although not currently operation due to personal circumstances, the business previously traded as a ‘high end’ restaurant although is suitable for a wide range of trading styles, as well as being split into 2 or 3 smaller units, subject to necessary consent. Turnover for previous years have been £670,000 and £773,000 with the business in its relative infancy at these stages.
The premises has extensive glazed frontage as well as feature decked area overlooking Woolacombe beach. The split level premises extends to approximately 6,366 sq.ft (592 sq.m) providing inside covers for approximately 180 and outside dining space for a further 90 covers, with the restaurant serviced by a fitted kitchen which is open fronted to the restaurant area with a variety of back up, storage and preparation space to the rear. Internally, there is an island bar and booth seating with steps to the main restaurant area, with both areas having direct areas overlooking to decking Woolacombe areas beach. Considerable capital was spent on the infrastructure of the premises including air condition, kitchen extraction etc.
The property is situated in the heart of Woolacombe Village and occupies a prominent location on the main arterial road into this coastal resort. Its slightly elevated position means it has views over the village, beach and sea. There are a variety of mixed retail and leisure users in the immediate vicinity including family attractions such as crazy golf and amusements, as well as the restaurant forming part of the site known as Byron Woolacombe Holidays, being a complex of luxury self catering apartments with on site leisure facilities.