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SOLD - The Big Apple, 11, Cathedral Lane, Truro

Restaurant & take away for sale

£19,950 Guide price

Freehold

A centrally located, licensed cafe close to Truro's Cathedral and principal shopping area. In total the premises afford circa 60 covers and has in our opinion tremendous room for expansion of the current turnover.

  • WELL EQUIPPED LICENSED CAFE/RESTAURANT
  • PROMINENT CITY CENTRE LOCATION
  • VIEWING STRONGLY ADVISED
  • IDEAL HUSBAND AND WIFE BUSINESS
  • ENERGY ASSET RATING (E)

Property Brochure PDF Location Map

Situation

The Big Apple Diner is situated on Cathedral Lane a delightful pedestrian thoroughfare close to Truro’s famous Cathedral.

Description

The 3 storey premises afford approximately 60 covers in total with customer dining on the ground and first floor with the principal kitchen situated on the second floor and a service point/drinks preparation area on the ground floor.

Business

We understand that a catering business has operated from the premises for many years. Our clients acquired the premises and re-branded in the summer of 2014 and it is now re-available to the market owing to their ongoing family commitments.

Our clients currently operate the business 7 days a week from 9am to approximately 5pm although with the recent granting of the Premises Licence for the sale of alcohol it is envisaged that the hours maybe extended to catch the pre-theatre and evening trade.

The business currently trades as a Retro American Diner serving hot drinks, snacks, all day breakfasts and a selection of main meals.

The Accommodation Comprises

(all areas and dimensions are approximate)

Ground Floor

6.25m x 5.66m, affording approximately 30 covers with a full height free standing rotary cake display unit, retro fitted juke box in counter, large picture windows onto Cathedral Lane.

Kitchen

4.15m x 3.41m, fitted with a range of shelving and base level storage cupboards, double stainless steel sink and drainer, stainless steel hand wash basin, dishwasher, microwave, Fracino coffee machine, electronic cash register, CCTV system.

First Floor

10.39m x 2.45m, with a galleried landing, windows to the front elevation, affording approximately 30 further covers being ideally suited to private functions/children’s parties etc with hand wash basin in storage base unit and small breakfast bar.

Second Floor

Small storage area with window, 2 x customer wc’s.

Commercial Kitchen

Approximately 225 sqft, comprehensively equipped including fitted extraction canopy, falcon grill, double fryer, 6 ring oven and hob, 2 Buffalo griddles, hand wash basin, twin stainless steel sink and drainer, dishwasher, range of fridges and freezers, 2 microwaves, 4 pan Bain Marie and refrigerated salad service point.

To the side of the premises is an enclosed alleyway for bin storage etc.

Lease

The premises are available by way of an assignment of the existing full repairing and insuring Lease which commenced on 1st July 2002 for a term of 20 years. The current passing rent is approx £23,500 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 E.

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 that the property recently just been granted a Premises Licence for the sale of alcohol for consumption on the premises when accompanied by a meal.

Business Rates

We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

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

We are advised by our clients that the turnover is projected to be somewhere in the region of £100,000 to £120,000 for the forthcoming financial year. Further accounting information will be made available subject to a viewing appointment in the usual manner.

Value Added Tax

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

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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Paul Collins Commercial Surveyor View Profile

Contact us about this property

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

Property Brochure PDF