Price: £180,000

An excellent opportunity to acquire a restaurant in this popular retail area with a very high footfall.

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Location
In a prime position on The Bridge, L’Ora is a well-established restaurant which benefits from the excellent footfall in this busy retail district of the island.  Situated in New Road, just around the corner from the junction of Southside and The Bridge, L’Ora offers an attractive venue for a break from the hustle and bustle, just across the road from the new St Samspon’s Marina.  Neighbouring businesses include the renowned local jeweller’s Ray & Scott, Beeker’s Card Shop, Creasey’s and Quayside as well as a cross section of local banks and other businesses.

Description
The property comprises ground floor and two upper floors, with a tiled pitched roof.  On the ground floor is the restaurant which can seat up to 70 customers and which benefits from a fully operational commercial kitchen.  The restaurant has a continental feel with tiled floors and warm terracotta walls furnished with attractive wood and loom furniture.  In addition there may be an option to offer al-fresco dining subject to the necessary permissions being granted.  Customer WC facilities are available on the first floor and staff accommodation is situated on the 2^nd floor.

The Property
The location of L’Ora makes this property an attractive proposition for a keen restaurateur as there are currently no other establishments of its kind on The Bridge and there are opportunities for good trade at all times of the day.  The accommodation offered on the 2^nd floor could be suitable for an owner/occupier; however as this is independent from the restaurant and accessed by means of a separate entrance and staircase, there is also a possibility of letting this out separately to generate further income.

Price
The business is for sale and is being offered for £180,000. This includes all current fixtures and fittings.

Tenure
The property is available by means of an assignment of the current Internal Repairing and Insuring lease which expires on 31 December 2023.

Rental
The rental amount for this property is £24,000 per annum, payable quarterly in advance. The rent is subject to 2 yearly rent reviews, the next review being due on 1 January 2008.

Legal Costs
Each party to bear their own legal costs.

Viewing
Strictly by appointment with the vendor's Sole Agent:

Swoffer Barnes Commercial
Estate House
Ann's Place
St Peter Port
Guernsey
GY1 2NU

Contact: Jonathan Harris or Jo Stoddart
Telephone: 01481 722151
Email: jharris@swofferbarnes.co.uk or jstoddart@swofferbarnes.co.uk

SUBJECT TO CONTRACT
Swoffer Barnes Commercial for themselves and for the vendor(s) or lessor(s) of this property whose agent they are give notice that:

1. These particulars do not constitute, nor constitute any part of, an offer or contract.
2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact.
3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
4. The vendor(s) or lessor(s) do not make or give and neither Swoffer Barnes Commercial nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property
5. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment