LOCKUP RESTAURANT PREMISES IN A PROMINENT TRADING POSITION IN EAST DEVON
LA ROSETTA RESTAURANT, NEWTON POPPLEFORD, NEAR SIDMOUTH, DEVON, EX10 0DW
LEASEHOLD: NIL PREMIUM OR FREEHOLD: £225,000
Property specialists Stonesmith are marketing the sale of La Rosetta Restaurant. Currently closed, the premises previously traded as a licensed Italian restaurant and the sale offers a unique opportunity to purchase a catering premises with the potential for incoming operators to develop their own style of trade to suit their own requirements. There are also opportunities for alternative uses, subject to the necessary consents. The premises briefly comprises:- Main Restaurant in two areas. Commercial Catering Kitchen with ancillary and welfare facilities and off-road parking for staff to the rear.
The premises occupy a prominent landmark trading position in the village of Newton Poppleford, alongside the A3052, a major tourist and coastal route running from Exeter to Lyme Regis and the Dorset coastline. Situated in the heart of the Otter Valley, Newton Poppleford is some 3 miles from the popular Regency coastal resort town of Sidmouth, which forms part of the Devon and Dorset Jurassic Coast and is designated as an Area of Outstanding Natural Beauty and has been awarded World Heritage Status by UNESCO. The University and Cathedral City of Exeter, with access to the M5 motorway, intercity rail links and international airport, is within 12 miles.
The premises provide an owner operator a blank canvas opportunity to develop the style of trade to suit their own requirements, having previously traded for around 40 years as an Italian licensed restaurant but with undoubted opportunities for alternative catering uses or even retail and commercial uses, subject to the necessary consents. Due to unforeseen circumstances, the restaurant closed in April 2018. The freehold of the property is also available, which comprises the ground floor restaurant premises and a first floor 2 bedroom flat. The property is therefore of interest to investors or owner occupiers.
The ground floor restaurant premises are offered by way of a nil premium lease, or alternatively, the freehold of the property is available with a guide price of £225,000. Please contact Stonesmith for further details. Full property details are available from the website www.stonesmith.co.uk and viewings arranged by calling 01392 201262.