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

Sold
1 of 5

SOLD - Revolution, 15, Queen Street, Bude

Catering for sale

£49,950

Freehold

Extensively refurbished and superbly presented licensed restaurant with 40 covers in the popular coastal town of Bude on Cornwall's north coast.

  • SUPERBLY PRESENTED LICENSED RESTAURANT (40 COVER)
  • POPULAR COASTAL LOCATION
  • EXTENSIVELY REFURBISHED IN 2014
  • ASSIGNMENT OF EXISTING LEASE
  • ENERGY ASSET RATING (D)

Property Brochure PDF Location Map

Location

Revolution is situated in Queen Street, one of the principal vehicular and pedestrian thoroughfares through the North Cornish town of Bude, which is famous for its expansive beaches, character property and dramatic coastline. Bude is a sought after holiday destination but also benefits from a thriving local community, a selection of national and niche retailers, primary and secondary schools and high levels of both serviced and non-serviced holiday accommodation.

The Property/business

Revolution trades from an end of terrace property with glass frontage and extends to just under 550 sqft of bar/restaurant area with circa 215 sqft of kitchen and service areas to the rear. Beyond the kitchen is a cellar and cold store which gives access to an external bin storage area.

Our clients acquired the premises in May 2014 at which time they undertook extensive refurbishment and re-equipping. The business trades all year from 3pm until late, with the opening hours extended to 12pm during the summer season. The business is concerned with homemade burgers and benefits from a Dinner Licence.

We understand that the business has achieved sales in its first trading year of approximately £210,000 (net of VAT). Further accounting information will be made available subject to a viewing appointment in the normal manner.

The Accommodation Comprises

(all areas and dimensions are approximate)

Restaurant Area

7.83m x 4.4m plus recessed seating area 1.72m x 2.11m. Superbly refurbished restaurant area with laminate flooring, a combination of fixed seating and chairs offering approximately 40 covers, a range of ceiling lights and built in ceiling speakers. Door to close coupled wc and wash hand basin.

Bar Area

2.86m x 4.37m. Built in bar servery with tiled front and stainless steel work top with 3 draught taps, a range of ceiling lights, window to side. Door to:

Commercial Kitchen

3.42m x 4.42m. Well equipped with 6 ring gas cooker, hot plate with 3 heat lamps, char grill, 2 double fryers, 5 vent extraction hood, stainless steel fridge freezer, work bench, various other stainless steel work benches, tiled floor.

Wash Up Area

2.05m x 2.3m, single stainless steel sink drainer, commercial dish washer, non-slip floor. Door to storage area and staff wc.

Cellar/cold Store

2.42m x 5.15m. 3 upright fridges, chest freezer, undercounter freezer, door to side giving access to bin store.

Guide Price

£49,950 plus stock at valuation

Tenure – Leasehold

The business is being offered by way of assignment of the existing Lease which commenced in May 2014 for a period of 10 years. The current passing rental is £13,800 per annum and is subject to 3 yearly rent reviews. The Lease is within the provisions of the Landlord and Tenant and is on an internal repairing and full insuring basis.

General Information

Contact Information

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

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 D.

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 the premises with food.

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

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.

Interested in this Property?
Connect with our Expert

Beverly Northey Commercial Surveyor View Profile

Contact us about this property

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

Property Brochure PDF