LOVEGATE HOUSE
1 Highweek Street, Newton Abbot,
Devon, TQ12 1QT
FREEHOLD: OFFERS ON £150,000
REF: 2005F
Daytime only coffee shop and café within an attractive detached town
centre premises, presented to a high standard throughout with seating
for 48 customers inside as well as 40 plus customers in an al fresco patio
terrace. Opportunity to develop the style of trade or to utilise the
premises for alternative uses.
The property occupies a prominent trading position opposite the library and adjacent to
the ASDA superstore in Newton Abbot town centre. Newton Abbot is a busy market
town, being the commercial centre and heart of the Teignbridge area with a district
population of approximately 121,000 extending to some 300,000 within 12.5 miles of
the centre. Newton Abbot benefits from a wide catchment area drawing from a large
number of small towns and villages in the surrounding area. This is significantly
enhanced in the summer from the nearby coast at Teignmouth and Torquay, plus the
Dartmoor National Park.
Lovegate House is a detached landmark Grade 2 Listed Georgian 3 storey property.
Presented to a high standard throughout, the property offers incoming operators the
opportunity to develop as style of trade to suit their own personal requirements, or for
alternative uses, subject to the necessary consents and approvals. The property
currently benefits from A1, A2 and A3 consent. The purpose equipped premises briefly
comprise:- Ground floor well equipped Customer Servery Area with Kitchen Area and
Seating Area (8), attractive First Floor Customer Seating Area (40) and Storage Area and
Preparation Area on the second floor with Office and Staff WC and Changing Room. The
business also benefits from an Enclosed Patio Area providing Al Fresco Customer
Seating for 40 plus customers. There are also 2 Private Parking Spaces. The premises
would also lend themselves to a variety of uses including retail, offices or similar,
subject to the usual consents.
ACCOMMODATION
GROUND FLOOR – Attractive central main entrance door
to the front of the premises with glazed entrance door to
the front into Main Customer Servery Area. An attractive,
well presented and appealing trading area with laminated
wood effect flooring, wall mounted heaters, range of free
standing wooden tables and chairs seating 8 customers.
Door to rear terrace and stairs to upper floors. Customer
Servery. An impressive and well equipped customer
servery with granite topped serve over counters, EPOS cash
register, glass fronted refrigerated dessert display fridge,
2 shelved refrigerated display units, menu display boards
to the rear of the servery, Altro flooring, 2 upright fridges,
stainless steel worksurface, stainless steel sink unit,
stainless steel hand basin, base storage cupboards, under
counter fridge, Nuova Simonelli coffee machine, 2 bean to
cup coffee grinders, part tiled walls, smoothie making
machine, ice machine, under counter fridge. Through into
Preparation Area with Altro flooring, part tiled walls, wall
mounted hot water boiler, stainless steel sink unit, wall
shelving, commercial dishwasher, Turbo Chef convection
oven, under counter freezer and door to side. Customer
WC with disabled and baby changing facilities.
FIRST FLOOR – Attractive character Customer Seating
Area in 3 interconnecting areas with laminated wood
effect flooring, dual aspect windows to front and rear,
range of free standing wooden tables, leather effect chairs,
sofas and solid wooden chairs comfortably seating 40
customers. Stairs to upper floor.
SECOND FLOOR – Store Area with Altro flooring, windows
to rear, 5 upright commercial freezers, 3 upright
commercial fridges, racked shelving units, part exposed
ceiling timbers. Preparation Area with Altro flooring,
stainless steel sink unit, range of base kitchen cupboards
with
complementary
worksurfaces,
stainless steel
workbench with shelving below, wall shelving. Office with
aspect to rear, safe, sound system, CCTV monitor and hard
drive. Staff WC & Changing Room.
EXTERNALLY – A real feature of this business is the
Enclosed Seating Area to the rear of the property. Patio
style terrace offers al fresco seating for 40+ customers
comfortably with an extensive range of bistro style tables,
chairs and umbrellas. There is a rear entrance gate
adjacent to the ASDA superstore giving access to the
terrace from the rear. The premises also benefits from
having 2 Private Parking Spaces.
Please note: The fittings, equipment and services listed have
not been tested by the agents, although we are informed that
all items are in working order.
THE BUSINESS (Accounts will be provided to genuine
purchasers, once viewed)
Current Staffing – The business is currently run entirely
under management with no involvement from the owners
and there are 3 part-time members of staff.
Potential – There is tremendous potential for incoming
operators to develop the trade in a style and manner to suit
their own personal requirements and take advantage of this
unique opportunity to purchase a high quality café/coffee
shop with A1, A2 and A3 consent, in a town centre trading
position. New owners will benefit from being able to move
in without the need for any major expenditure on the
premises. The premises would also be suitable for a retail
use, offices, or other alternative uses, subject to the usual
consents.
EPC Rating – Exempt as Listed Building.
RATING
For up to date Business Rates and Council Tax information
relating to this property, we refer you to The Valuation
Office website www.voa.gov.uk.
SERVICES (advised by client)
All mains services, with the exception of mains gas, are
connected to the subject property.
PRICE & TENURE (VAT may be chargeable in addition if
appropriate)
Offers on £150,000 for the valuable freehold interest as a
going concern business and full trade inventory. Vacant
possession upon completion.
FINANCE
An early discussion about finance can often save time and
disappointment. If you would like independent specialist
advice on funding this property or any other purchase,
contact us for details of our approved brokers.
VIEWINGS
Trading Style – The business trades as a well known and
established daytime only coffee shop and café. Currently
trading as a Coffee Republic franchise, the premises are
being sold without the franchise and incoming operators
will be free to rebrand and develop a style of trade to suit
their own requirements. The business currently trades on a
daytime only basis serving an easy to prepare menu to
include teas, coffees, cakes, pastries, milkshakes,
smoothies, soft drinks, Panini’s, etc. The business benefits
from a 5 Star Food Hygiene rating.
Trading Hours – The business currently trades from
8:30am until 5:30pm Monday to Friday, from 9:00am until
5:30pm on Saturdays and is closed on Sundays.
Strictly by appointment with the vendors Sole Selling
Agents.Tel:(01392)201262.Email:[email protected]
You are recommended to contact us before visiting the
property even for an informal viewing. We can then confirm
whether or not it is still available.
Applicants are requested to make appointments to view and conduct negotiations through the Agents. No
responsibility can be accepted for any expense incurred by fruitless journeys.
Stonesmith for themselves and for the vendors or lessors of this property whose agents they are give notice
that:
i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees,
and do not constitute, nor constitute part of, an offer or contract
ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation,
and other details are given without responsibility and any intending purchasers or tenants should not rely on
them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to
the correctness of each of them.
iii) no person in the employment of Stonesmith has any authority to make or give any representation or
warranty whatever in relation to this property. The word “property” throughout shall include business and
trade contents if appropriate