LOCATION: The business is located on West Street, in Millbrook, Cornwall a short walk from the main village car park and there is a variety of businesses and trades represented nearby, including a Co-op supermarket, Premier convenience store, fish and chip shop, newsagents, coffee shop and a number of public houses. All of these combine to serve the needs of the surrounding resident community, which, in turn, is boosted during the summer by the many thousands of holidaymakers and tourists who visit and pass through the area
DESCRIPTION: The business occupies the Ground floor of a three-storey, mid-terrace building. The public trading areas are located on the Ground floor and comprises a 36-cover restaurant with Bar. Ladies’ & Gents’ WC, fully fitted commercial kitchen, office & storage room.
BUSINESS: The premises are terraced and believed to date back to the Victorian period. The main walls appear to be of solid stone and timber frame construction beneath a pitched timber and slated roof. A modern extension has been added to the rear. The premises are lock-up and have A3 and A5 consent and have operated since the end of 2015 as a Indian Restaurant and take-away. In turn, there is a flat on the first and second floor.
PREMIUM: £34,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill
RENTAL: £12,000 per annum.
TERMS: Restaurant currently let on 15 year lease
TENURE: £185,000 Freehold
BUSINESS RATES: Nil. However, all interested parties are encouraged to make their own enquiries with local authority
SIZE: Approximately 893 Restaurant & Approximately 785 Flat
OPENING HOURS: Monday: 17:00 - 22:00 - Tuesday: Closed - Wednesday: 17:00 - 22:00 - Thursday: 17:00 - 22:00 - Friday: 17:00 - 23:00 - Saturday: 17:00 - 23:00 - Sunday: 17:00 - 22:00
STAFF: Owner Managed with 4 staff
UPPER PARTS: 2 bedroom upper parts with a rental income of £6,600 per annum
TURNOVER: We are advised that the yearly turnover is approximately £208,000 per annum
ACCOUNTS: Available on request
LEGAL COST: To be confirmed
LOCAL AUTHORITY: Millbrook Parish Council
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 90: D Rating. A copy of this property’s energy performance certificate is available on request
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only
Monday: 17:00 - 22:00 - Tuesday: Closed - Wednesday: 17:00 - 22:00 - Thursday: 17:00 - 22:00 - Frida
Is accommodation included?:
Comes with versatile self-contained 2-bed private apartment
London Properties are pleased to offer to this Freehold Investment which occupies a enviable trading position in the heart of the picturesque South East Cornwall fishing village of Millbrook. The business occupies the Ground floor of a three-storey, mid-terrace building. The public trading areas are located on the Ground floor and comprises a 36-cover restaurant with Bar. Ladies’ & Gents’ WC, fully fitted commercial kitchen, office & storage room. Internal viewings are highly recommended through
£34,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill