DCL Instructed to Sell Local Favourite, Ocean Bay in Swanage
April 30, 2012
Leisure advisor Davis Coffer Lyons has been instructed to handle the freehold or leasehold sale of Ocean Bay Restaurant & Bar in Swanage, Dorset.
Overlooking Swanage Bay on The Isle of Purbeck, this is a unique beachfront restaurant and bar opportunity which benefits from strong all-year round trade. The large open plan restaurant with bar, front terrace and sun deck has good levels of EBITDA with scope to develop trade. The restaurant is located on the ground floor which extends to approximately 2,400sqft.
Both freehold or leasehold offers will be considered, with freehold offers invited in excess of £1,000,000 and leasehold premium offers invited in excess of £100,000. Rental offers are sought in the region of £75,000 per annum exclusive.
Chris Bickle, Associate Director at Davis Coffer Lyons, said, This is a really stunning beachfront leisure opportunity, widely regarded as one of the best restaurants in the area. Set in an idyllic location close to affluent Sandbanks, Swanage is a popular seaside tourist town which has seen its popularity rise as an all year round destination – much to do with its location on the beautiful Purbeck Coast which attracts an array of visitors. Ocean Bay has been owned by our clients for over 7 years during which time the business has built a regular and loyal following throughout the area, supplemented by lucrative summer trade.
The venue is located 12 miles from Bournemouth, one of the South Coasts most populous and economically developed towns. The business benefits from the use of private moorings a short distance from the beach as well as planning permission for a floating pontoon bar.