Chartered Surveyors and Business Property Specialists
Beverly Northey Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247031
Email: bn@miller-commercial.co.uk

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SOLD - The Old School Bar And Kitchen, Rodda’s Road, Mount Hawke, Cornwall

Catering for sale

£49,950

Leasehold

A beautifully presented bar restaurant in a former school house offering 80 covers with additional outdoor seating, 2 bedroomed apartment and large car park.
The business has very recently ceased trading but accounts for the year ending 31st December 2017 show sales of £463,509 with a 60% gross profit margin.

Early viewing is highly recommended.

  • BEAUTIFULLY PRESENTED BAR RESTAURANT (80 COVER)
  • SPACIOUS TWO BEDROOMED OWNERS APARTMENT WITH VIEWS OF THE BEACON
  • TURNOVER Y/E 31st DECEMBER 2017 OF £463,509
  • WELL EQUIPPED COMMERCIAL KITCHEN
  • EPC (C)

Property Brochure PDF Location Map

BEAUTIFULLY PRESENTED BAR RESTAURANT (80 COVER)
SPACIOUS TWO BEDROOMED OWNERS APARTMENT WITH VIEWS OF THE BEACON
TURNOVER Y/E 31st DECEMBER 2017 OF £463,509
WELL EQUIPPED COMMERCIAL KITCHEN
EPC (C)

Location

The Old School Bar & Kitchen is located in the heart of the pretty village of Mount Hawke, approximately 2 miles from the popular coastal resorts of St Agnes and Porthtowan on Cornwall’s North Coast. The Cathedral City of Truro, which is the main commercial and administrative centre in Cornwall, is situated approximately 7 miles to the east.

The Property

The Old School Bar & Kitchen occupies a traditional former Schoolhouse and comprises a main bar area with feature arched window, slate floor and staircase to a mezzanine seating area. Main dining room with up to 50 covers, snug, well equipped commercial kitchen, well appointed two bedroomed apartment with views across to St Agnes Beacon, seating area to the front and large customer car park to the rear.

The Business

The business has been in our client’s tenure for the past 5 years but has very recently ceased trading. Trading accounts for the year ending 31st December 2017 show net sales of £463,509 with a 60% gross profit margin and an adjusted net profit of £61,098.

The Accommodation Comprises

(all areas and dimensions are approximate)

Entrance Vestibule

2.501m x 2.053m. Stained glass window to side elevation, access to:-

Main Bar Area

10.317m x 5.507m. Feature arched window to front elevation with vaulted ceiling and two further windows to the side elevation. Built in wooden bar servery with three large pendant lights over, eleven draft taps and 4 real ale pumps. 2 spout LaCimpali coffee machine, coffee grinder , 2 Gamko double glass fronted bottle fridges, stainless steel sink drainer, glass EQ glass washer. Feature fireplace with wooden surround, slate tiled floor and staircase to mezzanine level.

Mezzanine

5.348m x 5.280m. Bistro style seating for 16 to 20, two velux windows to side, access to owners accommodation.

Inner Hall

Disabled Wc

Ladies Wc

Gents Wc

Dining Room

11.472m x 5.104m and 5.325m x 5.886m. An L shaped dining room with up to 50 covers, two windows to side elevation, feature fireplace, mobile heated carvery unit. Access to:-

The Snug

7.014m x 2.555m. Large picture windows to front elevation, part exposed stone walls and feature stained glassed window.

Commercial Kitchen

5.541m x 4.034m. Lincat 6 burner gas range with 6 vent extraction hood over, Turbo fan commercial oven, 2 Buffalo fryers, 1 Blueseal grill, Lincat double fryer, Polar salad chiller, Buffalo Bann Marie, Lincat double fryer, Polar double fridge, Ecomax dishwasher, large Moffat hot cupboard with plate warmers, double stainless steel sink drainer, wipe clean walls, commercial non-slip floor. Access to:-

Dry Store

4.419m x 1.190m. Built-in shelving, window to rear and side elevation, door/fire exit to rear.

Owners Apartment

(Accessed from either a rear stairwell at the back of the inner hall or from the mezzanine)

Open Plan Living Area

10.215m x 5.447m. Dual aspect room with velux windows to the front and rear elevations, offering views across to St Agnes Beacon, part exposed stone walls, wood burner on slate hearth.

Kitchen

Included in the above measurement fitted with a range of base and wall units and island.

Rear Hall

Giving access to:-

Bedroom 1

4.331m x 3.927m. Feature arch window to rear, velux to side.

Bathroom

Corner shower cubicle, bath, wc, pedestal wash hand basin, part tiled walls, velux window to side elevation.

Bedroom 2

4.005m x 2.696m. Velux window to side.

Access from a hall to a galleried staircase with feature arched window leading down to an office area and the private entrance to the owners accommodation.

Outside

To the front of the Old School House is a large patio area which provides up to 32 diners during the summer months together with relaxed seating for a further 20 customers. To the rear of the property is a large car park with ample space for up to 20 vehicles.

Exterior Store Room

Blizzard commercial double fridge, free standing metal shelving.

Cellar

5.265m x 3.454m.

Tenure – Leasehold

The business is offered by way of the assignment of the existing lease which commenced 29th July 2013 for a term of 8 years at a passing rental of £28,000 per annum.

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is within Band (C).

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.

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.

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation.

Value Added Tax

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

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact:-
Beverley Northey on 01872 247031 or via email bn@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

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] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] 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.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Beverly Northey Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247031
Email: bn@miller-commercial.co.uk

Property Brochure PDF