Well known Penzance contemporary bar & restaurant
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Written by Graham Timmins
Tuesday, 29 April 2008
 Miller Commercial of Truro are bringing to the market the Causeway Contemporary Bar & Restaurant located in Causewayhead, the pedestrian precinct in the centre of Penzance, West Cornwall.

The leasehold premises provide, as the trading name implies, a recently refurbished contemporary restaurant and bar. The main restaurant bar area extends to 97sq.m. which accommodates 60 covers, and includes a modern bar servery. To the rear is the newly equipped kitchen and storage area.

The business is being made available with the remainder of a 25 year lease, commencing March 2006, at a current passing rental of £23,550 per annum. The next rent review falls due in March 2009, and falls 5 yearly thereafter.

The business trades strongly all year round under management. Recent accounts for the 12 month period to March 2007 indicate sales in the region of £200,000.

Causeway Contemporary Bar & Restaurant is available off a leasehold guide price of £150,000 SAV.

Graham Timmins of Miller Commercial’s Hotel, Licensed & Leisure Dept comments, ‘This bar and restaurant needs to be viewed to be fully appreciated. It has been well designed and is presented in excellent condition for a new owner to takeover immediately, and take advantage of the main tourist season swiftly approaching’.

FOR FULL DETAILS CONTACT GRAHAM TIMMINS AT MILLER COMMERCIAL TRURO ON 01872 247019