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Paul Collins Commercial Surveyor View Profile

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For Sale
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Former Vault, 17-18, Market Place, Penzance

Restaurant & take away for sale

£299,000 Guide price


A spacious Bar & Restaurant which has the benefit of an enclosed trade garden to the rear which could be adapted to provide staff parking. This is a wonderful opportunity to acquire a substantial period building in the heart of Penzance, which is the administrative centre for West Cornwall.

  • EPC: E117

Property Brochure PDF Location Map


These impressive commercial premises are situated on Market Place in the heart of the cosmopolitan Harbourside town of Penzance. Penzance has a resident population of circa 20,000, with the town boasting a wide selection of national and niche retailers, schooling for all ages, it is also an extremely popular tourist destination and boasts a great many Hotels and Guest Houses, for visitors who come to enjoy nearby tourist attractions including St Michaels Mount, Lands End and Porthcurno.

Penzance is also the terminus of the Penzance to Paddington rail line and is the home port of the Scillionian Ferry which provides an essential link to the Isles of Scilly.


The property, which prior to being acquired by our clients was one of the town’s main banks, has been the subject of extensive renovations and refurbishment prior to reopening as a bar/restaurant several years ago.

The Accommodation Comprises

All areas and dimensions are approximate)

Entrance lobby with double doors to inner hallway and doorway to:-

Main Bar Area

15.14m x 6.40m. 3 large windows looking onto Market Place, wood flooring, door to rear courtyard. Booth with fitted seating, ceiling air conditioning/heating units, corner DJ booth, door to ladies and gents toilets.


Having a polished stone work top, a range of display shelving, 2 inset hand wash basins, areas of exposed granite, recess housing dumb waiter.

Lower Ground Floor

Staff Kitchen

Comprising base and wall cupboards, integrated oven, 4 ring hob, extractor canopy and tiled splash backs.


4.63m x 3.55m. With laminate flooring.

Room 1

2.63m x 2.41m.

Shower Room

Comprising a pedestal hand wash basin, closed coupled wc, mixer shower in cubicle.

Room 2

3.65m x 2.95m. With window to rear.

First Floor

Store Room

4.73m x 4.04m. 2 windows to the front elevation and free standing shelving.

Store Room 2

4.30m x 4.06m. 2 windows to the front elevation.

Staff Room

With space for lockers and coats etc, door to staff wc with a hand wash basin.

Commercial Kitchen

4.6m x 3.5m. Comprising a fitted extractor, 2 windows to side, wipe clean elevations, dumb waiter, sink and drainer and hand wash basin.


To the rear elevation is an enclosed Beer garden with a range of picnic benches and tables. We are informed that the majority of this area is owned by our client with a section being leased from the local Council.

General Information

Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151

Energy Performance Certificate

The Energy Performance Rating for this property is within Band E117.


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

Whilst the property has until recently traded as a Licensed bar/restaurant we are unable to confirm at this time whether the property still benefits from a Premises Licence, accordingly interested parties must make their own enquiries in this respect.

Business Rates

We refer you to the government website


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.


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:-
Paul Collins on 01872 247029 or via email or
Beverly Northey on 01872 247031 or via email

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

Property Brochure PDF