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Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

To Let
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The Hub Portreath, The Seafront, Portreath

Catering to let

£49,950 Guide price

Leasehold

This is a wonderful opportunity to acquire a beach side catering and retail outlet with huge potential to grow the already impressive turnover through expanding the opening hours and possibly upgrading the Kitchen to offer a more expansive menu. The business is for sale by way of a new lease at a commencing rental of £22,000 per annum.

  • COASTAL CATERING AND RETAIL BUSINESS
  • AVAILABLE WITH A NEW 6 YEAR LEASE
  • VIEWING STRONGLY RECOMMENDED
  • IDEAL FAMILY BUSINESS
  • EPC:D89

Property Brochure PDF Location Map

Location

The Hub Cafe is situated within the delightful village of Portreath on the North Cornish coast. Portreath has seen significant investment in recent years with the village attracting tens of thousands of visitors year round who come to enjoy its glorious beach with many people also passing through the village whilst following the nearby South West Coastal footpath. Portreath is also popular with cyclists following the popular Coast to Coast trail which crosses the County through areas of picturesque Woodland and former Tin mining works for a little over 11 miles to Devoran on the South Coast.

The Business

The Hub currently operates as a predominately daytime cafe/tea rooms with an element of the premises given over to the retail of traditional beach goods, ice creams and soft drinks which is an extremely lucrative source of income through the summer months. The premises afford approximately 50 covers with an enclosed area of external seating with picnic benches for a further 36 additional covers. The business is overseen by a husband and wife team with the assistance of a number of employees.

Accounts for the current year show a projected turnover in the region of £275,000 excluding cycle hire revenue, full accounting information will only be made available subject to a viewing appointment in the usual manner.

The Accommodation Comprises

(all areas and dimensions are approximate)

Shop Area

7.23m x 3.5m. Fitted with a selection of fixed and free standing shelving and display units, 2 x large windows to the front elevation, ice cream conservator, stainless steel sink, ice machine, recess area with desk, till and additional shelving.

Cafe

12.88m x 5.07m. Tables and chairs for approximately 26 covers, contemporary multi-fuel burner, double drinks fridge, fitted display shelving. Counter/service point with a reclaimed timber counter, cake display, dishwasher, double bottle fridge, under counter fridge, coffee machine, coffee grinder, 1 ½ bowl sink and drainer, stainless steel sink, shelving, Epos till and CCTV.

Conservatory

8.42m x 3.3m. Tables and chairs for approximately 16 covers. Breakfast bar and bar stools, doors to front and side elevations and electrical wall heater.

Bike Hire Area

5.11m x 3.87m. Wooden flooring, trap door to cellar, bike racking and double door to side.

Toilet

Comprising close coupled wc and hand wash basin.

Kitchen/preparation Area

Storage area having adjustable shelving, window to side elevation and double lockable cabinet.

Kitchen/prep Room

Stainless steel shelving, stainless steel table, under counter fridge, 2 microwaves, electric contact hob, Modena panini press, stainless steel sink, large fridge and shelving.

Passageway

Upright freezer and coast hanging rail.

Outside

To the side of the premises is a partially enclosed terrace accessible from the adjoining pavement and conservatory with 6 picnic benches.

Tenure – Leasehold

The premises are being made available by way of a new fully repairing and insuring lease at a commencing rental of £22,000 per annum exclusive with all other terms to be agreed.

Agents Note

Our clients currently operate a Cycle hire & repair business from the premises which is available by separate negotiation.

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 D89.

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.

Legal Costs

The ingoing lessee to be responsible for the landlord’s reasonably incurred legal costs in connection with the transaction.

Premises Licence

We understand the business currently holds a premises licence in respect the sale of liquor for consumption on and off the premises.

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.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Contact Information

For further information or an appointment to view please contact:-

Paul Collins on 01872 247029 or via email pc@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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Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF