18a fore street, st ives, tr26 1ab
18A FORE STREET, ST IVES, TR26 1AB
• • • •
AWARD WINNING BAR CENTRAL ST IVES LOCATION CURRENTLY TRADING EVENINGS ONLY COMPREHENSIVELY EQUIPPED COMMERCIAL KITCHEN WITH SEPARATE RESTAURANT AREA
GUIDE PRICE £69,950 LEASEHOLD
B39211
SITUATION 18a is situated on Fore Street in the heart of the West Cornish resort of St Ives. St Ives has long been acknowledged as one of the UK's premier tourist destinations and enjoys extremely high numbers of visitors in the peak season and benefits from having a vibrant, growing community year round. THE PROPERTY/ BUSINESS The property was acquired by our clients a little over 12 months ago and during their tenure the property has been refurbished & redecorated throughout including new lighting, new bar back and the installation of a top of the range wireless SONOS sound system throughout. The premises are laid out principally over two floors with the upper floors comprising a dining room with a comprehensively equipped kitchen neither of which at present are currently utilised as the core business is via wet sales only, the current tenants do however use the space for Yoga classes etc and indeed with the benefit of separate access the upper parts could lend themselves to a variety of uses (subject to the landlords consent) This obviously affords tremendous scope for prospective owner/operators to grow the turnover through the addition of a food offering as historically the business achieved a turnover in Our clients have worked extremely hard to grow the businesses presence through social media and have in excess of 2000 instagram followers and for further images and an overview of the business please visit our clients website www.18astives.com or there facebook page. The business has recently been awarded the title of Best Bar in Cornwall by Muddy Stilettos. THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate)
MAIN BAR AREA 18.4m x 5.42. Comprising varnished wood flooring throughout. Contemporary ceiling hung Copper fireplace, tables and chairs for approximately 40 covers with additional bar stools, raised DJ booth, windows over looking Fore Street, stairs ascending to the first floor. BAR/SERVERY Fitted with a range of triple bottle fridges, top of the range POS system including two I Pads, state of the art coffee machine and grinder. Cocktail stations, wash up area with ice machine, glass washer etc and dumb waiter which connects to the kitchen. SECOND FLOOR Which benefits from a separate pedestrian access off Ayr Lane with the former cellar being located on the landing which leads to the Dining room. DINING ROOM 9.57m x 6.36m. With stripped varnished flooring, Velux style windows, A Frame beams a bar/ counter point, access to a small office. COMMERCIAL KITCHEN 6.7m x 5.75m. A comprehensively equipped kitchen which comprise in brief, industrial Ice Machine, pass through dishwasher, stainless steel sink and drainer, two refrigerated cabinets, combination oven, two Zanussi ovens, Blue Seal grill, griddle, salad prep area and several fridges and freezers. THIRD FLOOR With a range of storage cupboards and ladies and gents cloakrooms. LEASE TERMS The premises are available by way of an assignment of the existing Law Society Lease dated 1st September 2015 for a term of 7 years at a current passing rental of £30,000 payable monthly in advance with rent review dates in year 5.
B39211
A copy of the Lease is available from the Selling Agents following a viewing appointment. GENERAL INFORMATION CONTACT DETAILS For further information or an appointment to view please contact Paul Collins on 01872 247029 or via emai [email protected] 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 of the sale of liquor for consumption on and off the premises. A copy of the Premises Licence is available from the Selling Agents. 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.
ESTATES GAZETTE Awarded MILLER COMMERCIAL Cornwall’s Most Active Agent 2011 - 2012 - 2013 - 2014 - 2015
• • • •
AWARD WINNING BAR CENTRAL ST IVES LOCATION CURRENTLY TRADING EVENINGS ONLY COMPREHENSIVELY EQUIPPED COMMERCIAL KITCHEN WITH SEPARATE RESTAURANT AREA
GUIDE PRICE £69,950 LEASEHOLD
B39211
SITUATION 18a is situated on Fore Street in the heart of the West Cornish resort of St Ives. St Ives has long been acknowledged as one of the UK's premier tourist destinations and enjoys extremely high numbers of visitors in the peak season and benefits from having a vibrant, growing community year round. THE PROPERTY/ BUSINESS The property was acquired by our clients a little over 12 months ago and during their tenure the property has been refurbished & redecorated throughout including new lighting, new bar back and the installation of a top of the range wireless SONOS sound system throughout. The premises are laid out principally over two floors with the upper floors comprising a dining room with a comprehensively equipped kitchen neither of which at present are currently utilised as the core business is via wet sales only, the current tenants do however use the space for Yoga classes etc and indeed with the benefit of separate access the upper parts could lend themselves to a variety of uses (subject to the landlords consent) This obviously affords tremendous scope for prospective owner/operators to grow the turnover through the addition of a food offering as historically the business achieved a turnover in Our clients have worked extremely hard to grow the businesses presence through social media and have in excess of 2000 instagram followers and for further images and an overview of the business please visit our clients website www.18astives.com or there facebook page. The business has recently been awarded the title of Best Bar in Cornwall by Muddy Stilettos. THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate)
MAIN BAR AREA 18.4m x 5.42. Comprising varnished wood flooring throughout. Contemporary ceiling hung Copper fireplace, tables and chairs for approximately 40 covers with additional bar stools, raised DJ booth, windows over looking Fore Street, stairs ascending to the first floor. BAR/SERVERY Fitted with a range of triple bottle fridges, top of the range POS system including two I Pads, state of the art coffee machine and grinder. Cocktail stations, wash up area with ice machine, glass washer etc and dumb waiter which connects to the kitchen. SECOND FLOOR Which benefits from a separate pedestrian access off Ayr Lane with the former cellar being located on the landing which leads to the Dining room. DINING ROOM 9.57m x 6.36m. With stripped varnished flooring, Velux style windows, A Frame beams a bar/ counter point, access to a small office. COMMERCIAL KITCHEN 6.7m x 5.75m. A comprehensively equipped kitchen which comprise in brief, industrial Ice Machine, pass through dishwasher, stainless steel sink and drainer, two refrigerated cabinets, combination oven, two Zanussi ovens, Blue Seal grill, griddle, salad prep area and several fridges and freezers. THIRD FLOOR With a range of storage cupboards and ladies and gents cloakrooms. LEASE TERMS The premises are available by way of an assignment of the existing Law Society Lease dated 1st September 2015 for a term of 7 years at a current passing rental of £30,000 payable monthly in advance with rent review dates in year 5.
B39211
A copy of the Lease is available from the Selling Agents following a viewing appointment. GENERAL INFORMATION CONTACT DETAILS For further information or an appointment to view please contact Paul Collins on 01872 247029 or via emai [email protected] 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 of the sale of liquor for consumption on and off the premises. A copy of the Premises Licence is available from the Selling Agents. 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.
ESTATES GAZETTE Awarded MILLER COMMERCIAL Cornwall’s Most Active Agent 2011 - 2012 - 2013 - 2014 - 2015
