Location
China Blue is situated on Tor Hill Road, just off Union Street, the principal vehicular pedestrian thoroughfare through the bustling South Riviera town of Torquay. Torquay has a large resident population, making it one of the largest towns in Devon, whose numbers rise significantly in the summer months, who are drawn to the attractive harbour town and numerous beaches within the vicinity.
Property/business
China Blue is sited within a large 3 storey period property, principally providing the kitchen and owners accommodation, with an extension to the front of the property (similar to other properties along Tor Hill Road) which comprises the restaurant and bar area. To the front of the property the restaurant provides seating for circa 40 covers, with a skylight providing a focal point, leading to an attractive built-in bar/servery coupled with further tables and chairs. To the rear of the property is the well equipped commercial kitchen, storage areas and access to a rear yard with parking.
Stairs to the first floor leading to customers WC facilities, owners office and bathroom and over the second and third floors there are 4 double bedrooms with a lounge, making this extremely sizable owners accommodation indeed.
We understand a catering business has been established on this site since circa 2002, with the current business operating all year for lunch and dinner 6 days a week, which is now being sold due to other commitments. We understand the business is licenced for the sale of intoxicating liquor on and off the premises and we are advised the historic turnover has been as high as £150,000 per annum.
The Accommodation Comprises
(all areas and dimensions are approximate)
Restaurant area
6.82m x 5.05m, an attractive room with laminate floor, tables and chairs for circa 40 covers, with a central skylight/atrium bringing light into this area, large plate glass windows to the front elevation. Through to
Bar area,
4.88m x 4.23m, with attractive wooden curved built in bar servery, with further tables and chairs for circa 6 diners. Behind the bar servery commercial non-slip flooring, 2 under counter drinks chillers through to
Commercial kitchen
4.97m x 5.54m, natural slate floor, stairs ascending to rear yard. Well equipped commercial kitchen with front 5 and rear 4 gas burner and a further 4 burner gas burner with oven below.
From the bar area stairs ascending to the
First floor Ladies and Gents WC facilities and landing storage area.
Owners Accommodation
Bathroom/shower, with low level WC.
Office
3.09m x 2.84m (also used for the storage of dry goods).
Second floor WC (currently used as a store)
Lounge
4.2m x 2.89m, with window to rear elevation.
Bedroom 1
Double, window to front.
Bedroom 2
Double, window to front.
Third floor
Bedroom 3
Double, window to rear
Bedroom 4
Double, window to front, with en-suite bathroom.
Tenure – Leasehold
Remainder of 21 year Lease commenced 2002, at a current passing rental of £12,000 per annum with a 3 year rent review pattern, held on a full repairing and insuring basis. We understand this Lease enjoys a Security of Tenure provisions of the Landlord & Tenant Act 1954.
Guide Price
£65,000 (plus stock at valuation on completion).
General Information
LOCAL AUTHORITY
Torbay Council
General Enquiries 01803 201201
Planning 01803 207801
www.torbay.gov.uk
Energy Performance Certificate
The Energy Performance Rating for this property is within Band D81 for the Restaurant and E44 for the Flat.
Inventory
An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
Premises Licence
Premises Licence; We are advised the business currently holds a Premises Licence in respect of the sale of Intoxicating Liquor on and off the premises.
Business Rates
We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171
Services
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999
Stock
To be taken at valuation
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
Finance
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
Contact Information
For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.