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Business lease for sale

Millbrook, Cornwall, England

  • Leasehold Price: £12,000
Seller Reference: lopr0_1051539628
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Business Description
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Seller Reference: lopr0_1051539628
Request Details
Business Description

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

Location Details:
West Street, Millbrook, Cornwall, PL10 1AF
Listed by:
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