A CAFE and restaurant being built on the site of a toilet block at La Pulente – sold by the States for around £100,000 in 2014 – has been put on the market for £3.5m.
The toilets were demolished and a 120-cover restaurant is being constructed by the owners of Nude Food. Any sale of the site is conditional on the property being leased back to Nude Food for a minimum of ten years.
Nude Food bought the La Pulente building in January for £1.5m from a company owned by Frank Laine, a developer who had begun the project. Mr Laine was an investor in the company but is no longer involved.
Details of the sale opportunity were recently posted on Facebook, which stated that the property would attract a passing rent of £210,000 a year. The £3.5m price would reflect a yield of 6% before the purchaser’s costs are deducted.
The post adds that Nude Food is a family-run business set up in 2016 to provide healthy, nutritious food for everyone.
Nude Food was co-founded by Lucy Morris and her fiancé, Jackson Lowe, whose carpentry and construction business is the contractor for the development.
Recently, Ms Morris said the venue would be open seven days a week serving breakfast, lunch and dinner and would have a ‘beach-club vibe’ with a decor that included lots of natural colours, rattan furniture and a Mediterranean-inspired mosaic floor.
The brochure adds that all kitchen equipment is now on site and all furniture has been ordered. Menus are designed, staff are trained and policies and procedures drafted, it says.
A nearby kiosk, The Hideout, used to be based close to the toilets but moved further down the slipway access road when work to redevelop the building began. Its owner, Karl Sutton, recently received planning permission to stay there until 24 June but it must move within 28 days of the Nude Food restaurant opening.