Let
Sold

Restaurants

Ocean Drive

Torquay, Devon TQ2 5JY

SOLD

  • Tenure: Freehold
  • Freehold: £365,000
  • File Number: CD-10082
  • Type: Business Transfer
  • Sector(s): Restaurants

Summary

  • Presented in excellent order throughout
  • A range of internal dining areas for (50+)
  • External trade garden with covers for (140+)
  • Prominently positioned on a main thoroughfare
  • 1-2 Bedroom owner’s accommodation
  • Net T/O £221,508 with ANP of £53,745
  • Run by a sole proprietor
  • May suit change of use (STPP)

Opportunity

Ocean Drive is a Grade II Listed detached brick built property under a slate roof, with extension to the side positioned in a good size plot. Prominently situated on one of Torbay’s busiest thoroughfares, in the very heart of Torquay and surrounded by many complimentary traders including a number of large, medium and small hotels and guest houses. With Torre Abbey, now the best-preserved medieval monastery in Devon and Cornwall just a stone’s throw from the front door, the property is positioned in a charming setting. Whilst currently decked with American memorabilia and traded as a themed restaurant, applicants are advised to consider the opportunity as a licensed restaurant, with many potential variations on the style.

 

Torbay is particularly well known for being an outstanding tourist destination with attractions such as beautiful beaches, cliff walks, marina and Torre Abbey Meadows, all of which are close by.

 

Torquay is a palm lined seafront Victorian town with many period villas perched high on the surrounding hillsides, with yachts and pleasure craft in the modern marina creating a relaxed Mediterranean atmosphere.

 

Accessed from the M5 via the A380 and the A3022 and the Torquay bypass, with Newton Abbot 7 miles north west, Plymouth 32 miles west and Exeter 23 Miles to the north.

Zoopla Rightbiz Daltons Business Businesses for sale Network Auctions Property Ombudsman