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Beverly Northey Commercial Surveyor View Profile

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

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SOLD - St Mawes Cafe, 6, The Arcade, St Mawes

Catering for sale

£32,500

Freehold

A licensed daytime cafe with up to 36 covers in the highly sought after harbour side village of St Mawes.

  • LICENSED DAYTIME CAFE
  • PROMINENT TRADING LOCATION
  • LONG SECURE LEASE
  • WELL PRESENTED AND EQUIPPED
  • GENUINE REASON FOR SALE
  • ENERGY PERFORMANCE ASSET RATING ‘E’

Property Brochure PDF Location Map

Location

St Mawes Cafe is situated in the arcade, which is a small collection of shops enjoying a prominent trading location as one enters St Mawes and indeed being close to the main car park. St Mawes itself requires little introduction as one of the County’s most beautiful coastal villages, situated on The Roseland and with access by ferry from Falmouth, famous for its watersports and Castle, all of which bring visitors throughout the year.

The Property/business

The property comprises circa 373 sqft (34.67 sqm) of well equipped and indeed presented space including seating, food preparation and serving areas. To the front of the property and on our client’s lease are tables and chairs for 6 diners and at the entrance to the arcade a further 4 trestle tables seating up to 16 diners.

We understand a business has trading on this site since 1997, has been in our client’s tenure since July 2015, which is now being sold due to relocation. The business trades all year (with the exception of closing between January and March) and trades between 9.00am and 5.00pm daytime only. The business currently has a relevant Premises Licence in respect of the sale of intoxicating liquor and we are advised the turnover for a full trading year is in the region of circa £30,000 per annum.

The Accommodation Comprises

(All areas and dimensions are approximate)

Cafe Area

6.72m x 5.16m (maximum), door and windows to the front elevation overlooking the arcade. Tables and chairs for circa 14 covers. Kitchen and serving area comprising commercial oven, electric cooking facility, griddle, 6 vent extraction system, roll top glass display. Two head coffee machine and stainless steel refrigerated work bench.

Outside

As noted, seating immediately outside the cafe for 6, in addition to which there are trestle tables outside for up to 16 diners.

Tenure – Leasehold

We are advised the business is held by way of a renewable lease, with the residue until March 2021, at a current passing rental of £5,600 per annum, on an Internal Repairing and Insuring basis (with the exception of external windows), with a 4 year rent review pattern (the next rent review being due in April 2017). We advise the lease enjoys the Security of Tenure Provisions of the Landlord & Tenant Act, meaning it is automatically renewable at the end of the initial term.

General Information

Parking – We are advised a parking space can be rented nearby for £100 per annum.

Premises Licence – We advise the business currently holds a relevant Premises Licence in respect the sale of intoxicating liquor for consumption on the premises.

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.

Stock

To be taken at valuation

Vat

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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Beverly Northey Commercial Surveyor View Profile

Contact us about this property

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

Property Brochure PDF