6/21/2019 | Restaurants

Versatile Devon restaurant comes to the market through Christie & Co

Specialist business property adviser, Christie & Co has brought to the market 22 Mill Street, a restaurant situated in Chagford, Devon.

Occupying the ground floor of the three storey building, the restaurant comprises two separate dining areas with seating for approximately 50 covers throughout. The business currently operates as an Indian restaurant and lends itself perfectly as a hospitality business, but could also be converted into residential use, subject to normal planning consents and permissions. On the first floor, there are two en suite letting rooms and a third en suite bedroom on the second floor, which is currently utilised as owner’s accommodation.

Nestled amongst the hills on the northeast side of Dartmoor National Park with easy access to the A30, Chagford is popular with walkers and holidaymakers, generating strong demand for a bed & breakfast offering and long stay holiday lets. 22 Mill Street presents a new owner with significant scope to introduce a new concept or build the letting accommodation side of the business and ultimately re-establish 22 Mill Street as a popular destination in the village.

Having owned and leased the property for a number of years, the current owner has decided to sell the business in order to explore a number of other opportunities.

Lloyd Colin, Business Agent at Christie & Co, is handling the sale and comments, “This is a great opportunity for either a first time buyer or experienced operator to open a business that could range from a tea room, café, restaurant or full time bed & breakfast. We have already received a number of enquiries and anticipate interest in this opportunity will remain high, given current activity in the market. This is definitely a property that needs to be visited to be fully appreciated.”

Christie & Co is seeking an asking price of £285,000 for the freehold interest of 22 Mill Street, or an asking price of £10,000 for the leasehold interest, with an annual rent of £15,000.