Description
A detached two storey public house of block construction with render finish and tiled pitched roof with large single storey extension to rear with felt flat roof covering. Beer terrace to front created to represent a prow of a ship. Plot of 0.71 acres with an incline from the road and a customer car park for 50 vehicles. Open plan trading floor (250 sq mtrs /2,700 sq ft) plus commercial kitchens. Separate basement bar function room. Three bedroom flat with independent access.
The Noah’s Ark will suit experienced operators who understand how to create a local following and to take advantage of the considerable passing traffic through a strong food offering.
Location
The Noah’s Ark is situated on a prominent roadside position on Totnes Road, leading out of Paignton and close to Paignton Zoo. The area is a busy intersection between Totnes and the South Hams, Brixham and Torbay, Newton Abbot and Teignbridge. There has been considerable development South of the subject site on Brixham Road with housing and commercial delivery over the past 10 years and more in the pipeline.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
Main bar 252.87 sq m
Kitchens 25.48 sq m
Basement bar 81.4 sq m
Beer cellar/stores 64.56 sq m
Total com space 424.31 sq m
Planning
Sui Generis.
Terms
Rental offers are invited for a new free of tie lease. Terms will be agreed by negotiation. The lease will be protected by Part II of the Landlord and Tenant Act 1954. The rent will subject to annual increases in line with the retail price index and five yearly rent reviews. The lease is assignable after the end of the first two years and will be let on fully repairing and insuring terms. Standard free of tie Heads of Terms are available on request. Rent concessions may be available (rent free period and stepped rents) depending on the level of investment envisaged or required. The first three months’ rent and other contractual charges will be payable in advance and the deposit payable will be 25% of the final agreed rent. In addition you will need to provide funds for professional advice, investment and working capital – the amount will be dependent on your business plan.
Applicants are invited to submit rental offers for a new free of tie lease. A free of tie application form must be completed in all cases (available on request). A business plan, forecast profit and loss account and proof of funding must be provided prior to interview.
Business Rates
From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £20,000. Council tax band C.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
C (68)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
All figures quoted are exclusive of VAT if applicable.