REFURBISHED CAFE PREMISES IN TRURO
21 COVERS INSIDE & 8 OUTSIDE
BEAUTIFULLY PRESENTED & WITH SOME EQUIPMENT
REMAINDER OF SECURE LEASE
WONDERFUL OPPORTUNITY IN GOOD LOCATION
The business is located in Old Bridge Street, a pretty part of the Cathedral City of Truro, located near a small car park and offices.
Truro is the county’s administrative and commercial centre which has seen considerable investment in recent years in the commercial and residential sectors.
The cafe operates from the ground floor of a 2 storey building, which has been subject to considerable updating and expenditure during our clients’ tenure to provide a very well appointed daytime cafe. The premises are to be sold with an inventory of equipment (copy available upon request).
The premises were acquired by our clients in May 2018 and opened in July of the same year, which have recently been closed due to other business/personal commitments. The business is concerned with offering breakfast, lunch, coffee and cake etc and has both an eat in and takeaway element. The business when trading operated between 8.30am and 3.30pm Monday through to Friday, with 9am to 3pm on Saturday.
The property has not been offered with the benefit of trading accounts, however, we understand from our clients the business was trading around the current VAT threshold.
The Accommodation Comprises
(all areas and dimensions are approximate)
10.01m (into bay window) x 6.67m (overall including the rear of the kitchen and the wc). A very well appointed area with seating to the front, kitchen and separate wc to the rear. With chairs and bench seating for up to 21 covers, 2 bay windows and door to the front elevation. The kitchen area has non-slip flooring, tiled walls and stainless steel drainer unit, 3 vent extraction system over the cooking area.
Small terrace area with space for up to 4 covers.
Tenure – Leasehold
Remainder of 5 year lease commenced 29th May 2018, with a current passing rental of £12,000 per annum, (next rent review 29th May 2021). We are advised the property enjoys the Security of Tenure Provision, meaning the lease is automatically renewable.
General Enquiries 0300-1234-100
Energy Performance Certificate
The Energy Performance Rating for this property is F133.
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.
Each party (incoming and outgoing tenant) to bear 50% the landlord’s reasonably incurred costs in connection with the assignment of the existing lease.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search
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
To be taken at valuation.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
For further information or an appointment to view please contact:-
Graham Timmins on 01872 247019 or via email firstname.lastname@example.org
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.