11 Clifton Place

£100,000

11 Clifton Place

Description:

An established Deli situated in an exclusive town centre trading position, a short distance from the waters edge. Surrounded by other popular businesses, Salcombe Seafood Deli thrives from extensive pedestrian footfall, especially during summer months. The business currently trades from Easter to the end of October however the new occupant could trade all year round. The Deli stocks a wide range of exquisite products, the majority sourced from local suppliers, along with take-away foods which are made fresh to order. This highly successful business sells a variety of fresh fish and seafoods along with beach paraphernalia. The business has an incredible reputation which provides the perfect opportunity for anyone looking to start a profitable new venture.

The annual lease is currently up for renewal, meaning the new occupant will benefit from flexible terms to be agreed with the Landlord.

Location:

The highly sought after Salcombe lies at the heart of the South Hams region, an ‘Area of Outstanding Natural Beauty’. Renowned for its crystal clear turquoise waters along the estuary, a wonderful selection of local and independent shops, restaurants and public houses, boat parks, with slipways and mooring pontoons at Batson and Shadycombe Creeks. Local run events include the Salcombe Regatta, food and music festivals and the annual Crab festival. With its own microclimate, you could be anywhere in the world!

Retail Premises:

Please see floorplan (all areas and dimensions are approximate and measured on a gross internal basis unless otherwise stated) As Existing (1:100).

Legal Fees:

Both parties to bear their own professional costs in the transaction.

Tenure:

Leasehold £9,200 per annum. The current lease which is ending 24th March 2031 has a rent review in March 2026.

According to the lease the new owner will be responsible for 20% of the cost of building and all additions and improvements along with 20% of the building insurance.

Responsible for 20% of the expense of decorating the exterior building including the structure and also responsible for 1/3 of the water cost supplied to the premise (includes No 10 and No 12).

Business/Goodwill, Fixtures and Fittings: £100,000

Rateable Value:

£9,200 per annum. The premises is entitled to Small Business Rates Relief.

Directions:

On entering Salcombe from Kingsbridge turn left at the first crossroads into Onslow Road. Follow this road towards the bottom of the hill around the bends and past the church, upon reaching the bottom of the hill do not turn up Fore Street, but instead continue straight on towards the waters edge along Clifton Place. The Salcombe Seafood Deli is located on the right hand side, opposite the butchers.

VAT:

All figures within these terms are exclusive of VAT at the prevailing rate where applicable. However, we suggest all interested parties make their own enquiries.

Services:

It is understood that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

Viewing & Further Information

Strictly by appointment through Charles Head

acting as sole agents: Charles Head, 113 Fore Street, Kingsbridge, TQ7 1BG

01548 852352

Contact: Nicola Povey

Email: Nicola.povey@charleshead.co.uk

Key Features

  • Salcombe Seafood Deli is in a prime town location
  • Rent: £9200 per annum
  • Highly successful business sells a variety of fresh fish and seafoods along with beach paraphernalia
  • Business for sale
  • Perfect start to a profitable new venture

Property Details

Property Type Commercial Property
Postcode TQ8 8BX

Floorplan

Location

An established Deli situated in an exclusive town centre trading position, a short distance from the waters edge. Surrounded by other popular businesses, Salcombe Seafood Deli thrives from extensive pedestrian footfall, especially during summer months. EPC C.

KINGSBRIDGE OFFICE

113 Fore Street
Kingsbridge, Devon
TQ7 1BG

01548 852352

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