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
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 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 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)
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.
5.348m x 5.280m. Bistro style seating for 16 to 20, two velux windows to side, access to owners accommodation.
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:-
7.014m x 2.555m. Large picture windows to front elevation, part exposed stone walls and feature stained glassed window.
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:-
4.419m x 1.190m. Built-in shelving, window to rear and side elevation, door/fire exit to rear.
(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.
Included in the above measurement fitted with a range of base and wall units and island.
Giving access to:-
4.331m x 3.927m. Feature arch window to rear, velux to side.
Corner shower cubicle, bath, wc, pedestal wash hand basin, part tiled walls, velux window to side elevation.
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.
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.
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 Enquiries 0300-1234-100
Energy Performance Certificate
The Energy Performance Rating for this property is within Band (C).
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.
We understand the business currently holds a premises licence in respect the sale of liquor for consumption on and off the premises.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.
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
To be taken at valuation.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
For further information or an appointment to view please contact:-
Beverley Northey on 01872 247031 or via email firstname.lastname@example.org
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.