STUNNING GUEST HOUSE WITH RESTAURANT + TEA GARDEN – Nr Padstow
Price:
Freehold - £650,000
Location:
Cornwall, Padstow
• GRADE 2 LISTED DETACHED FORMER CORN MILL
• 7 ENSUITE LETTING BEDROOMS
• 30 COVER DINING ROOM/RESTAURANT
• ATTRACTIVELY LANDSCAPED TEA GARDEN
• CURRENTLY TRADING FOR 8 MONTHS ONLY
• INTERNAL INSPECTION STRONGLY RECOMMENDED
LOCATION:
The property is located in the charming hamlet of Little Petherick, alongside the Camel estuary, near Padstow.
BUSINESS:
This stunning detached, Grade 2 listed, period property is understood to date from 1643 and operated as a working corn mill until c 1940. A water wheel is still in situ and although the watercourse was diverted many years ago, it remains an attractive feature and important link to its industrial past adding considerable character and appeal to the business and property.
Sympathetically extended and developed over the years, and fully refurbished and upgraded under the present ownership, the property is now arranged as a high quality guest house with 7 beautifully appointed ensuite letting bedrooms, a 30 cover restaurant with wonderful outlook and beautiful, landscaped gardens incorporating a most attractive paved area used for cream teas for passing visitors.
The present owners have chosen to restrict opening to 8 months and to use the restaurant purely for guest’s breakfasts to ensure they can remain below the Vat registration threshold. However, given the picturesque location and the opportunity to offer restaurant/cafe and/or tea garden fare in the high season and high quality letting accommodation throughout the year (the demand for rooms in and near Padstow is high all year round) we feel the income potential of this business is considerable.
YEARS ESTABLISHED:
The business was acquired by the current owners in 2003
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £68,228 were reported for the year ended 5 April 2010. This converted into an abridged profit in excess of £35,000 for the year.
REASON FOR SALE:
Retirement
STAFF:
The vendors operate with the assistance of 4 part time staff at peak times.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The Old Mill House is a Grade II listed detached building set amid an area of outstanding natural beauty. The premises are of a traditional stone construction with a slated roof and sash windows.
Reception:
The reception area is accessible from both front and side doors. Cloakroom facilities lead from this.
Dining Room/Restaurant:
The beautifully appointed restaurant overlooks the rear garden and water wheel and features exposed beams and wall lighting adding to the atmosphere. Arranged to provide 30 covers.
Kitchen:
A professionally fitted comprehensive commercial kitchen facility with stainless steel splash backs, commercial oven and extraction unit.
Guest Lounge:
A most attractive sitting room also benefiting from exposed beams, tasteful soft furnishings and digital TV.
Office:
FIRST FLOOR:
Guest Accommodation:
There are seven tastefully appointed ensuite letting bedrooms, all equipped with digital TV, telephone/data port, hairdryer, radio/alarm clock and tea making facilities.
Four rear-facing rooms overlooking the picturesque garden and three to the front of the house facing the village and overlooking the pretty stream that runs into the Camel Estuary.
Further rooms on this floor include a laundry room, food store and boiler room/linen store.
SECOND FLOOR:
Owners’ Accommodation:
During the main season, the owners live in the converted attic bedroom which also benefits from an ensuite facility.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
OUTSIDE:
Situated alongside the Camel Estuary, this beautiful, listed former corn mill is set in a most attractive landscaped garden incorporating a spacious area of slate paving considered perfect for the cream tea trade, with visitors also able to use the adjacent WC facility without entering the main house. The garden also accommodates established raised flower beds and a vegetable patch which could supplement the produce supplying the kitchen.
Guests may park without charge in the parish car park approximately 50 yards from the property.
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Business Services that may be of Interest:
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