Lush Bar & Restaurant

54-55 Boutport Street, Barnstaple, Devon EX31 1SH
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Ref: 3451572
Freehold£580,000

Contacto

Ryan Bassett
Ryan BassettBusiness Agent – Pubs and Restaurants

Características principales

  • Turnover in excess of £1,000,000
  • Potential on site accommodation
  • c.100 covers
  • GIA: 3,171ft
  • Opportunity to buy business or building
  • Energy Rating D
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Lush Bar & Restaurant
54-55 Boutport Street, Barnstaple, Devon EX31 1SH
Ref: 3451572

Lush Bar & Restaurant

Descripción

Lush Bar & Restaurant is a vibrant and stylish hospitality venue in the heart of Barnstaple. Situated in a prime town centre location, this recently refurbished property combines a contemporary bar with a welcoming restaurant space, creating an ideal setting for dining, socialising and events. The interiors have been finished to a high standard with modern décor and atmospheric lighting, complemented by a fully equipped bar and commercial kitchen. The venue is well known for its quality food, cocktails and lively atmosphere. Positioned opposite the cinema and surrounded by high footfall, Lush Bar & Restaurant is perfectly placed to attract both locals and visitors, making it an excellent turnkey opportunity for an experienced operator or investor.

Ubicación

Barnstaple is the historic and regional centre of North Devon, offering a vibrant mix of culture, commerce and natural beauty. The town boasts a high street with independent shops, cafés and restaurants, alongside modern amenities and excellent transport links. Situated just an hour’s drive from Exeter and within easy reach of Exmoor and Dartmoor National Parks, Barnstaple is perfect for those seeking a balance of town convenience and countryside charm. Its proximity to stunning North Devon beaches makes it a popular destination for locals and visitors alike, ensuring strong year-round footfall and business potential.

Zonas Comunes

Ground Floor: The ground floor of the property features a warm and welcoming restaurant and bar area, beautifully presented with stylish décor that creates a charming and intimate atmosphere. The space is thoughtfully designed to cater for both couples seeking a relaxed dining experience and larger groups looking for a vibrant setting. A well-positioned bar servery adds to the inviting feel, while the kitchen hatch overlooks the restaurant, offering a sense of theatre and connection between guests and the culinary team. Every detail reflects quality and character, making this an exceptional venue for memorable dining. First Floor: The first floor includes a large office and generous storage areas, providing practical support for the day-to-day running of the business. From this level, there is access to a flat roof area where plans have previously been drawn up to create an attractive outdoor dining terrace, subject to the necessary consents. This additional feature presents a fantastic opportunity to enhance the venue’s appeal and increase covers, making the most of the property’s potential. Second Floor: The third floor is currently utilised as storage space but is registered under a separate council tax band as residential accommodation, meaning it can easily be reinstated as an owner’s flat, subject to any necessary consents. This offers a valuable opportunity for on-site living or additional income through letting, further enhancing the flexibility and appeal of the property.

Mobiliario, equipamiento e instalaciones

All fixtures and fittings are owned outright and are included in the sale price, except a few personal items which will be retained by the owner.

La oportunidad

There is an opportunity for an experienced operator to take over a popular business with a strong turnover in the centre of Barnstaple. Alternatively, the building can be purchased, with a lease being created to allow the current owner to continue trading whilst paying a rent to the new freeholder.

Datos económicos

Available upon request.

Horario de apertura

Monday: 11:00 - 22:30 Tuesday: 11:00 - 22:30 Wednesday: 11:00 - 22:30 Thursday: 11:00 - 22:30 Friday: 11:00 - 22:30 Saturday: 11:00 - 22:30 Sunday: 11:00 - 21:30

Tenencia

The property is being sold Freehold.

Datos comerciales

The current rateable value (1 April 2023 to present) is £38,000.