Property photos
Leasehold
£75,000
Restaurant for sale
Baroque, Drakes Way, Lyme Regis DT7Local area information
Property location
Nearby amenities
- St Michael's Church of England Voluntary Aided Primary School, Lyme Regis 0.3 miles
- The Woodroffe School 0.8 miles
- Axminster 4.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- A unique restaurant in the heart of lyme regis
- Open plan kitchen with wood fire grill
- Further private alfresco seating
- Vibrant & popular restaurant
- Central to lyme regis town, A stone's throw from the beach
- Excellent online reviews
A excellent opportunity to acquire a thriving unique restaurant set in the heart of the popular seaside town of Lyme Regis.
Be ready for summer, act fast! The summer months in Lyme Regis are busy, busy and Baroque is no exception with an alfresco alleyway and private terrace, not to mention the bijou interior offering cool vibes for families and couples alike...
Located in the centre of the town, moments from the town centre and seafront in a pretty area, known as Drakes Way. En route to the popular Lyme Regis Brewery, Town Mill & other independent galleries & shops the restaurant benefits from an excellent footfall.
Business
The current owners have created a truly innovative business in this prime location with the introduction of the open wood fired cooking which has proven to be a great success with customers resulting in an excellent repeat trade and online reviews. The restaurant is currently listed as number one restaurant on Trip Adviser. Now an excellent opportunity for new owners to build on the already established business, currently, opening 5 evenings a week this licensed restaurant is poised for further growth under new ownership. Please note, the restaurant originally operated for many years as a popular pizzeria and the pizza oven is available should a new operator wish to acquire this equipment.
The Accommodation With Approximate Measurements Comprises
The Premises
The restaurant provides a cosy dining experience with open plan kitchen, offering a 20 cover dining area and a further 14 alfresco covers to the front and another 8 alfresco cover on the raised terrace. With excellent reviews this character property with Georgian style frontage comprises: Two entrance doors, one to kitchen and one to the restaurant leading to:
Dining Area
Laminated flooring, wall and pendant lighting, loft storage. Free standing tables with cast iron bases and chairs providing 20 covers. Through to:
Wine Store
With racking, freezer leading through to:
Cloakroom
With toilet and wash hand basin.
Commercial Kitchen
With non slip flooring, stainless steel wall shelving, extraction canopy. Comprehensively equipped with feature Brassero wood grill. Stainless steel work tables, induction plate, 2 trio microwave ovens, 2 – 2 door refrigerated counters with saladettes over, under counter refrigerator and till. Inter-connecting waitress/washing up area with stainless steel sink drainer and dishwasher. Double upright refrigerator and under counter freezer, storage racking.
Outside
Immediately to the front of the restaurant there is alfresco seating with freestanding tables and chairs providing 14 covers with a further raised seating terrace providing a further 8 covers.
Tenure
Held on the residue of a 7 year renewable lease. (5 years remaining). Current rent £200 per week (£10,400 per annum). Subject to 3 yearly rent reviews.
Rates
Currently nil after 100% business rate relief.
Price
£75,000 for the benefit of the leasehold. (5 years remaining). Goodwill, fixtures and fittings and equipment (according to the inventory plus stock at valuation).
EPC
Band D.
Be ready for summer, act fast! The summer months in Lyme Regis are busy, busy and Baroque is no exception with an alfresco alleyway and private terrace, not to mention the bijou interior offering cool vibes for families and couples alike...
Located in the centre of the town, moments from the town centre and seafront in a pretty area, known as Drakes Way. En route to the popular Lyme Regis Brewery, Town Mill & other independent galleries & shops the restaurant benefits from an excellent footfall.
Business
The current owners have created a truly innovative business in this prime location with the introduction of the open wood fired cooking which has proven to be a great success with customers resulting in an excellent repeat trade and online reviews. The restaurant is currently listed as number one restaurant on Trip Adviser. Now an excellent opportunity for new owners to build on the already established business, currently, opening 5 evenings a week this licensed restaurant is poised for further growth under new ownership. Please note, the restaurant originally operated for many years as a popular pizzeria and the pizza oven is available should a new operator wish to acquire this equipment.
The Accommodation With Approximate Measurements Comprises
The Premises
The restaurant provides a cosy dining experience with open plan kitchen, offering a 20 cover dining area and a further 14 alfresco covers to the front and another 8 alfresco cover on the raised terrace. With excellent reviews this character property with Georgian style frontage comprises: Two entrance doors, one to kitchen and one to the restaurant leading to:
Dining Area
Laminated flooring, wall and pendant lighting, loft storage. Free standing tables with cast iron bases and chairs providing 20 covers. Through to:
Wine Store
With racking, freezer leading through to:
Cloakroom
With toilet and wash hand basin.
Commercial Kitchen
With non slip flooring, stainless steel wall shelving, extraction canopy. Comprehensively equipped with feature Brassero wood grill. Stainless steel work tables, induction plate, 2 trio microwave ovens, 2 – 2 door refrigerated counters with saladettes over, under counter refrigerator and till. Inter-connecting waitress/washing up area with stainless steel sink drainer and dishwasher. Double upright refrigerator and under counter freezer, storage racking.
Outside
Immediately to the front of the restaurant there is alfresco seating with freestanding tables and chairs providing 14 covers with a further raised seating terrace providing a further 8 covers.
Tenure
Held on the residue of a 7 year renewable lease. (5 years remaining). Current rent £200 per week (£10,400 per annum). Subject to 3 yearly rent reviews.
Rates
Currently nil after 100% business rate relief.
Price
£75,000 for the benefit of the leasehold. (5 years remaining). Goodwill, fixtures and fittings and equipment (according to the inventory plus stock at valuation).
EPC
Band D.
More information
Listed by
Fortnam Smith & Banwell
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Fortnam Smith & Banwell. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Fortnam Smith & Banwell for full details and further information.