Here is an opportunity to buy a restaurant and home in one of Devon’s most exclusive waterfront locations.
Award-winning Devon commercial and leisure estate agents Bettesworths is marketing No.55 Restaurant in Salcombe.
Salcombe is one of the most sought-after seaside locations in the UK and No.55 is a stylish and well-presented premises with superior owner’s accommodation.
Genevieve Stringer who heads the Catering department at Bettesworths said: “The sale of ‘No.55’ provides a rare opportunity to purchase a home and income property in arguably one of the most exclusive waterfront locations in the country.
The view from No.55
“With this in mind I expect interest to be keen for both experienced operators and people looking for a lifestyle change in such a sort after location of the country. An early viewing is highly recommended.”
Arranged over three floors, the premises is an attractive period town house with an open plan trading area over a split-level layout.
The owner’s accommodation is described as ‘superb’ and is arranged over the first and second floors. Additionally, there are private terraced gardens to the rear which have far reaching 180 degree panoramic views across the estuary.
The open plan trading area has a split-level layout
No.55 has built a strong local trade which is further boosted by the influx of second home owners and tourists during the holiday season.
The restaurant is run by the owner / operator who is front of house and assisted by as many as three waitressing staff at the peak of the season. The kitchen is run by a full-time chef plus a KP at the busiest times.
The restaurant opens seven evenings a week during the summer
The restaurant opens seven evenings a week during the summer reducing to five and then four evenings during the shoulder months. There is potential for the next operator to extend the opening hours to include lunchtimes. The current owner chooses to close for the month of January.
The premises are being held on a 10-year Lease from April 2016. The current rent is £33,000 per annum with rent reviews every four years.
No.55 is being offered at an asking price of £165,000 for the leasehold interest to include trade inventory and goodwill.
For further information please contact Genevieve Stringer on 01803 212021 or email [email protected]
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Source: Devon live