Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

To Let
1 of 7

Fox’s Revenge, Summercourt, Newquay, Cornwall

Public house to let

£40,000

Leasehold

A superbly presented 100 cover country restaurant and bar being offered with the residue of a secure Lease, now being sold due to other business commitments. Consistent sales and profits. An internal viewing of this beautiful period property, which has been tastefully refurbished is highly recommended.

  • 100 COVER COUNTRY BAR & RESTAURANT
  • SUPERBLY PRESENTED AND EQUIPPED
  • SET WITHIN A HOLIDAY PARK (TRURO TO NEWQUAY)
  • REMAINDER OF SECURE LEASE
  • EPC: EXEMPT: GRADE II LISTED
  • T/O C. £470K PA
  • GENUINE REASON FOR SALE

Property Brochure PDF Location Map

Summary

100 COVER COUNTRY BAR & RESTAURANT
SUPERBLY PRESENTED AND EQUIPPED
SET WITHIN A HOLIDAY PARK (TRURO TO NEWQUAY)
REMAINDER OF SECURE LEASE
T/O C. £470K PA
GENUINE REASON FOR SALE

Location

The Fox’s Revenge is situated within the Carvynick Holiday Park just outside Summercourt, between Truro, St Austell and Newquay and therefore has a wide catchment area for local persons and holiday makers as well as those staying on the site, see further details of the site and location at www.carvynick.co.uk

The Property

The detached period Grade 2 Listed property has beautiful character features, such as exposed slate floors and ceiling beams, multi pane windows and recessed hearths with woodburners. The property has been tastefully updated and furnished to provide c. 100 covers internally with a further outside offering in the summer, via the trade garden and barn.

The business has a well equipped commercial kitchen and service areas on the first floor.

The Business

We understand a business has been trading on this site for the past 20 years, has been in our clients tenure approaching 3 years, who are now selling due to other business and family commitments. We are advised the trade split is 63% food and 37% wet sales, with approximately 70% being derived off site and 30% on site.

We are advised the turnover is in the region of £470,000 per annum. For further information please see our clients website, www.thefoxsrevenge.com

The Accommodation Comprises (all Areas And Dimensions Are Approximate)

Main Bar / Restaurant

8.83m x 4.60m : Door and window to the front of this very welcoming bar and restaurant with many character features including a slate floor, exposed ceiling beams and built in wooden bar servery, with 8 dispensing taps. Inset woodburner into a recessed hearth. Behind the bar a Faema 2 head coffee machine and separate grinder.

Plus a seating area off, 3.80m x 3.77m : With settees, door and window to side.

Behind the bar, access to the cellar, 6.36m x 2.31m : Door to side, ice machine, racking and upright fridge.

Dining Areas

Adjacent to the Bar area is a dining area 7.62m x 3.89m : Two windows to the front, slate floor and exposed ceiling beams, woodburner in recessed hearth, tables and chairs for 14 covers.

Through to a second dining area, 5.93 x 5.75m : Two windows to the rear, slate floor and exposed ceiling beams, freestanding woodburner, tables and chairs for 24 covers. Fire escape to side.

Rear Dining Room

4.70m x 4.31m : Window to rear, wooden floor. Tables and chairs for 12 covers.

To the rear of the dining areas is a serving counter and access to the rear for the Mens (Foxes) and Womens (Vixens) WC’s.

Also door to the rear with a covered porch.

First Floor

Stairs from the rear hallway leading to the kitchen and a principal set from the dining area leading into the :-

First Floor Dining Room 17.06m x 4.39m (plus 3.86m x 3.41m) : A quite exceptional room with five windows to the front and two to the side, part wooden and carpetted floor and exposed ceiling beams, tastefully furnished and equipped to provide up to 40 covers with ease. Serving station with a sink, drinks chiller and post-mix dispenser.

Service Areas / Kitchen

Large landing with some storage racking.

General Store 2.71m x 2.44m : Window to side.

Produce / Goods Store 3.26m x 2.94m : Two windows to the rear, racking.

Office 2.87m x 2.36m : Window to rear.

Kitchen 6.12m x 5.64m : An extremely well equipped commercial kitchen with two cooking stations, having a 6 ring gas gas cooker and oven, with extraction over. Pass through dishwasher and other essential equipment for running a busy restuarant.

Wash Up 3.71m x 3.78m : Two windows to rear, stainless steel deep sink. Combi oven.

Freezer Room 3.13m x 2.0m : Window to side, fridges and freezers and sink.

Outside

Accessed via a driveway (maintained by the site owner) leading to our clients Car Park (for c. 40 vehicles) giving access to the front of the front and side of the property.

Bench seating at the front.

Barn 9.46m x 5.84m : Slate floor and tables, attached is the Pizza outlet 4.60m x 2.70m : With a two deck pizza oven, under counter stainless steel storage counter, sink unit.

Trade garden : Licensed trade areas immediately outside the Fox’s Revenge, the Barn and also in the upper garden part, which has c. 10 picnic tables and a ‘mobile’ bar, complete with two dispensing taps and a 3 door bar fridge. This area is used for weddings, functions and events.

Tenure

LEASEHOLD : Residue of Lease commenced 8th July 2016 for a period of 10 years and which we understand is within the Landlord & Tenant Act 1954, with a current passing rental of £35,000 per annum, rising to £37,500 from July 2019, next review 2020, 2022 and then on renewal in 2026. Full repairing and insuring.

General Information

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

Energy Performance Certificate

Energy Performance Rating for this property is not required as it is Grade 2 Listed.

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. Premises Licence L118_000056 for the Supply of Alcohol 11:00 to 23:00 Monday to Saturday and 12:00 to 22:30 Sunday, copy available upon request.

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 on Completion.

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:-

Graham Timmins on 01872 247019 or via email gt@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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Connect with our Expert

Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF