RENOWNED AND WELL ESTABLISHED JAPANESE RESTAURANT

Ref : R1788

Price

Freehold : £900,000.00 SAV
Leasehold : £95,000.00 SAV

Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.

  • Renowned and well established Japanese restaurant
  • Enviable location adjacent to historic water’s edge Barbican area and Plymouth city centre
  • Impressive period property
  • Stunning restaurant area covers approx. 100 persons
  • Fully equipped commercial kitchens, customer toilets and ancillary storage areas
  • Two self-contained 1 bedroom flats, plus two self-contained studio units
  • Flats currently let and generating approx. £30,000 per annum
  • Restaurant Turnover approx. £364,000 per annum with ANP £132,150 per annum
  • Freehold or Leasehold options
  • Viewing highly recommended
Confidential Sale :

The property is located in a prime main road trading position in this parade situated in the heart of the South Devon city of Plymouth, adjacent to the historic harbourside Barbican area and the city’s main shopping centre. There are a full and varied selection of businesses represented nearby, including numerous guest houses, catering establishments, retail concerns and  offices, all of which help to ensure the business enjoys an excellent and consistent year round trade.

Plymouth, with a population of over 264,000 is the largest city in the West Country.  Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.

The premises are terraced and for the main appear to be of traditional construction, with rendered and painted elevations under a pitched slate roof. The property has been extensively renovated and refurbished during our client’s tenure and briefly comprise a charming reception and bar area, two restaurant areas, commercial kitchens, customer toilets and ancillary storage area, plus four self-contained letting units. The external appearance of the property is very deceptive and it is considerably larger than one would expect. An early viewing appointment is strongly recommended to fully appreciate the charm, quality and size of this highly reputable and lucrative catering concern.

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Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

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Office Address

Huntley & Partners
16 Watson Place
Plymouth
Devon
PL4 9QN

Telephone

01752 206020

(24hr answering service)