The George, Market Square, North Street Ilminster, Somerset ... - Realla
The George, Market Square, North Street Ilminster, Somerset TA19 0DG
For Sale £175,000 EPC Rating: Exempt
Successful and profitable bar/restaurant business in the main retail area of the town centre. Gross turnover of £120,995 year ending 31 March 2014. The premises has a range of potential alternative uses such as retail/take-away. Bar with 12 covers and restaurant with 26 covers. Surrounded by asphalt yard and further yard space available.
Location and Description
Method of Sale
The property provides a ground floor bar/restaurant located within the main retail area of the town centre. The property is located just off Market Square two doors up from Lloyds Bank within the town centre. The property is Grade II Listed and has planning consent for a change of use into a retail unit from South Somerset District Council granted on 6 August 2014 (planning reference 13/01423/DPO).
The property is for sale via a long leasehold interest with a 999 year lease dated 22/01/1999 at a guide price of £175,000 to include furnishings, equipment, fixtures and fittings relating to the business along with the goodwill. Stock at valuation. The property is subject to a management fee under Victoria Court. Further information can be provided.
The business is successful and has a gross turnover of £120,995 year ending March 2014 and is run as a successful bar/restaurant with an established pizza take-away trade. Ilminster offers a full range of shopping and other amenities together with primary and secondary schools. Ilminster has a convenient road access to both the M5, Junction 25, approximately 11 miles to the north west and out onto the A303 which is mainly dual carriageway to the M3 motorway.
Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T). Any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction.
Energy Performance Certificate An Energy Performance Certificate is not required as the property is Listed.
The business is for sale due to retirement. The business is VAT registered and has been in the same ownership for just over 11 years and would ideally suit a husband and wife team.
Viewing
Currently the property has a license 000954 from South Somerset District Council for late night refreshments and the retail of alcohol.
Contact Info:
Accommodation All measurements are approximate
Strictly by appointment through the Sole Agents.
Humberts 01823 331234 Mansfield House, Silver Street Taunton, TA1 3DN [email protected]
Ground Floor:Bar 7.06m x 3.93m (23’1 x 28’10) Wooden bar servery, electronic till, bottle chiller, 6 beer stations, range of bar stools, tables and chairs. Restaurant 7.66m x 3.19m (25’1 x 10’5) Oak flooring, range of tables and chairs for 26 covers. Kitchen 5.93m x 2.34m (19’5 x 7’7) Stainless steel double bowl sink unit, stainless steel dishwasher, 4 stainless steel tables, stainless steel deep fat fryer, stainless steel grill, stainless steel microwave oven, wall-mounted wash hand basin, freezers and fridge. Ladies WC facilities Mens WC facilities Lower Ground Floor:Cellar 3.48m x 2.08m (11’5 x 6’10) Refrigerated and accessed via lift and ladder.
Stephen Richards
File No C6519
For Sale £175,000 EPC Rating: Exempt
Successful and profitable bar/restaurant business in the main retail area of the town centre. Gross turnover of £120,995 year ending 31 March 2014. The premises has a range of potential alternative uses such as retail/take-away. Bar with 12 covers and restaurant with 26 covers. Surrounded by asphalt yard and further yard space available.
Location and Description
Method of Sale
The property provides a ground floor bar/restaurant located within the main retail area of the town centre. The property is located just off Market Square two doors up from Lloyds Bank within the town centre. The property is Grade II Listed and has planning consent for a change of use into a retail unit from South Somerset District Council granted on 6 August 2014 (planning reference 13/01423/DPO).
The property is for sale via a long leasehold interest with a 999 year lease dated 22/01/1999 at a guide price of £175,000 to include furnishings, equipment, fixtures and fittings relating to the business along with the goodwill. Stock at valuation. The property is subject to a management fee under Victoria Court. Further information can be provided.
The business is successful and has a gross turnover of £120,995 year ending March 2014 and is run as a successful bar/restaurant with an established pizza take-away trade. Ilminster offers a full range of shopping and other amenities together with primary and secondary schools. Ilminster has a convenient road access to both the M5, Junction 25, approximately 11 miles to the north west and out onto the A303 which is mainly dual carriageway to the M3 motorway.
Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T). Any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction.
Energy Performance Certificate An Energy Performance Certificate is not required as the property is Listed.
The business is for sale due to retirement. The business is VAT registered and has been in the same ownership for just over 11 years and would ideally suit a husband and wife team.
Viewing
Currently the property has a license 000954 from South Somerset District Council for late night refreshments and the retail of alcohol.
Contact Info:
Accommodation All measurements are approximate
Strictly by appointment through the Sole Agents.
Humberts 01823 331234 Mansfield House, Silver Street Taunton, TA1 3DN [email protected]
Ground Floor:Bar 7.06m x 3.93m (23’1 x 28’10) Wooden bar servery, electronic till, bottle chiller, 6 beer stations, range of bar stools, tables and chairs. Restaurant 7.66m x 3.19m (25’1 x 10’5) Oak flooring, range of tables and chairs for 26 covers. Kitchen 5.93m x 2.34m (19’5 x 7’7) Stainless steel double bowl sink unit, stainless steel dishwasher, 4 stainless steel tables, stainless steel deep fat fryer, stainless steel grill, stainless steel microwave oven, wall-mounted wash hand basin, freezers and fridge. Ladies WC facilities Mens WC facilities Lower Ground Floor:Cellar 3.48m x 2.08m (11’5 x 6’10) Refrigerated and accessed via lift and ladder.
Stephen Richards
File No C6519
