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Paul Collins Commercial Surveyor View Profile

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Call: 01872 247029
Email: pc@miller-commercial.co.uk

To Let
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Muddy Beach Cafe, Jubilee Wharf, Penryn

Catering to let

£150,000 Guide price

Leasehold

A wonderful opportunity to acquire a River Fronting Licensed Cafe/Restaurant in one of the Counties most popular Coastal locations. Muddy Beach Cafe is available by way of an assignment of the existing 12 year lease which commenced on the 21st December 2015.

  • BEAUTIFULLY PRESENTED CAFE/RESTAURANT
  • STUNNING COASTAL LOCATION
  • COMPREHENSIVELY EQUIPPED THROUGHOUT
  • FOR SALE AS A GOING CONCERN
  • VIEWING HIGHLY RECOMMENDED
  • EPC A 24

Property Brochure PDF Location Map

Location

Muddy Beach Cafe is situated in the striking Jubilee Wharf building which is home to a mix of housing, offices, workshops a child’s day care nursery and of course the Cafe. The building occupies a prominent roadside position in the picturesque Town of Penryn which has seen significant investment in recent years with a number of large scale housing developments and also has a large student population.

The nearby Town of Falmouth has a resident population of circa 25,000 and regularly hosts international Sailing events that attract hundreds of thousands of visitors to the wider area each year.

The Business

Our clients have owned and operated the business for approximately 6 years and are assisted in the running of the venture by a number of experienced and highly valued members of staff. Pre-Covid the venue was trading 7 days a week including evenings and for the year ending 30th November 2019 the accounts show an impressive turnover of £548,711.

Since re-opening the business model has changed somewhat with the focus being primarily on the day time trade, it is however evident that the aforementioned levels of business could be achieved again if not exceeded! Full accounting information will only be made available subject to a viewing appointment in the usual manner.

The Premises

These light and airy premises are presented in superb condition throughout with the main Dining Area having Contemporary Tables and Chairs for circa 60 covers, large windows overlooking the river, wood flooring throughout and a contemporary Bar/Servery with an Aurelia Coffee Machine, Ice Machine, Glass washer, 3 x Bottle Fridges, Hand Wash Basin, Display shelving, Under Counter Fridge, EPOS Till. The premises also benefit from a small office, storage and 3 x Toilets.
Externally is a large decked area with tables and chairs for a further 50 Patrons affording views across the River and surrounding Countryside, 2 x Large Parasols and tasteful LED Lighting.

The Kitchen

The kitchen has been thoughtfully laid out for ease of service and boasts an array of equipment including;- Double Freezer, Dishwasher, Upright fridge, 2 x Triple Counter Fridges, 1 x Double Counter Fridge, 1 x Griddle, 6 Ring Oven, Blue Seal Grill, 1 x Display Fridge. We are informed that the flooring has also recently been replaced.

Contact Information

For further information or an appointment to view please contact:-

Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk

VIEWING: Strictly by prior appointment through Miller Commercial.

Energy Performance Certificate

The Energy Performance Rating for this property is within Band A (24)

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Tenure

The business is being offered for sale by way of an assignment of the existing 12 year lease which commenced on the 21st December 2015. The rent as of the 1st January 2022 will be £27,160.98 per annum. A copy of the lease is available from Miller Commercial subject to a viewing appointment.

Legal Costs

Each party to bear their own.

Premises Licence

We understand the business currently holds a premises licence in respect the sale of liquor for consumption on and off the premises.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value is £12,500.

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

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Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF