Notte Street, Plymouth

£75,000

For Sale

Notte Street, Plymouth, PL1 2AG, United Kingdom

DESCRIPTION Have you ever wanted to run your own business? Fancy becoming the manager of a successful restaurant and licenced bar? Now is your chance! Hindhead Property are delighted to announce the sale of this established business, now available with the added bonus of a *RENT TO BUY SCHEME.

The current owner has been in the catering business for over 30 years and 15 years ago he used his expertise to launch the Arribas Mexican Restaurant. After opening it's doors the restaurant soon became the go to Mexican eatery in Plymouth. The eatery is located on Notte Street, close to the historical Plymouth Barbican and the hustle and bustle of the city. The area is well serviced by bus routes, taxi stands and is in close walking distance to local shops and other amenities.

Having recently branched out into home delivery this restaurant has the potential to increase income revenue further should an ambitious entrepreneur wish to do so! The owner informs us the current lease on the business has three years remaining with the option to extend with the current freeholders for minimum expenses such as legal fees.

The current layout of the building consists of an authentic Mexican restaurant downstairs serviced by a main kitchen, additional starters kitchen as well as a downstairs barista and bar area and dish wash area. There is an authentic rustic Mexican themed décor throughout. You will also find downstairs a stock room, staff toilets and ample storage. Maximum capacity 90 heads.

Upstairs you will find the ever popular hire venue and licenced bar known as The Havana Bar. This area is reserved for functions and private hire but presents ample opportunity to extend the restaurant side of the business if desired. There are upstairs male and female toilets, a staff office and several more large storage areas. Maximum capacity 90 heads.

We ask all interested parties to contact Hindhead Property directly as we expect high demand and wish to avoid any disruption to the usual running of the business.

Please be aware we require full registration of applicants to disclose further information to the vendor.

*The Freeholders have expressed that the extension of any lease will be done with legal costs only, with a minimum length of ten years and are open to discussion's with any interested party's.
*Please note this is the sale of lease only, this sale does NOT include the FREEHOLD.
*Terms and conditions apply, please call or visit us for more information. Subject to contract and referencing.

Property Details

Property ID: 101415002108

Bedrooms: 0

Price: £75,000

Bathrooms: 2

Reception Rooms: 2

Property Features

Established Mexican Restaurant

Gross/Net Profit Available on Registration

Sold as seen, including furnishing

***RENT TO BUY SCHEME AVAILABLE***

Main Kitchen & Separate Starters Kitchen

Downstairs Bar & Barista Area

Large Ground Floor Restaurant, Seats 95 Customers

Large Upstairs Function Room / Bar Max Capacity 90

Open To Offers

Staff & Customer W/C's, Stock Rooms, Store Rooms

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