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Graham Timmins Head of Business Transfer View Profile

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

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SOLD - The Racey Plaice, 2, Race Hill, Launceston

Restaurant & take away for sale

£75,000

Leasehold

Very well equipped and presented fish and chip takeaway enjoying a prominent trading location in Launceston. Internal viewing recommended.

  • ESTABLISHED FISH AND CHIP TAKEAWAY
  • WELL PRESENTED AND EQUIPPED
  • ASSIGNMENT OF RENEWABLE LEASE
  • CONSISTENT TURNOVER AND PROFITS
  • ENERGY ASSET RATING (C)

Property Brochure PDF Location Map

Location

The Racey Plaice is situated in the historic town of Launceston, in east Cornwall, which is the first town as one enters Cornwall. The town is built on the side of a large hill and is dominated by the Norman Castle of Motte and Bailey design, built in the 11th Century and which dominates the town today.

Today, the thriving market town has a number of national and niche retailers, primary, secondary and tertiary education and also an independent day school.

The Racey Plaice is situated close to the town centre and is on a popular vehicular and pedestrian thoroughfare and is opposite a small shoppers car park.

The Property/business

The business occupies the ground floor of a purpose built 2 storey building, originally an agricultural showroom, which has been carefully converted to an extremely well equipped and presented fish and chip shop takeaway, comprising circa 600 sqft, with further stores/office and garage into the rear. We are advised the business currently holds the highest Food Hygiene Rating (5)*. We understand a business of this type has operated on the site since 2002, has been in our clients tenure since 2006, and they are now selling due to retirement plans.

The business trades all year, with the opening hours of 5pm to 8.30pm Monday to Thursday, 5pm to 9.30pm on Friday and 4.30pm to 8pm on Saturday, with lunchtime trade between 12 and 2pm on Tuesday to Saturday. The business is closed on Sunday. The business is currently run by our clients together with one full time and 3 part time members of staff.

In terms of the trade, the latest Accounts show a turnover (for the year end February 2014) of circa £115,000, producing a gross profit level of circa 70%. Further accounting information will be made available subsequent to a viewing appointment in the normal manner.

The Accommodation Comprises

(all areas and dimensions are approximate)

Principal Catering And Shop Area

7.44m x 7.45m, an impressive area with large plate glass windows to the front elevation, Kiremko 3 pan gas frying range and chest freezer. Behind the rear of the cooking area is a well equipped area with an upright fridge, upright freezer, fish fridge, 2 commercial microwaves, a domestic microwave, a large preparation table and a range of base and wall units. To the rear of the cooking area is a:-

Chipper/rumbler Area

2.60m x 1.59m, door off to:-

Rear Wc/staff Area

Beyond that:-

Further Store

5.36m x 3.43m, storage and office area, further freezers.

To the rear of the property with separate access is a:-

Store/garage

4.94m x 3.06m with power.

Tenure – Leasehold

We are advised the premises are currently held under a 15 year Lease commenced 2006, with a current passing rental of £12,000 per annum on an internal repairing and insuring basis, with a 3 year rent review.

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 C.

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.

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

To be taken at valuation.

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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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