GENKI, QUAY ROAD, ST AGNES, TR5 0RP
GENKI, QUAY ROAD, ST AGNES, TR5 0RP
• • • • •
LICENSED SEASONAL COASTAL CAFE C. 50 COVERS OVERALL WELL EQUIPPED KITCHEN / PREPARATION NEW RENEWABLE LEASE IDEAL LIFESTYLE BUSINESS
£50,000 LEASEHOLD
B37949
LOCATION The picturesque village of St Agnes is located on Cornwall's north coast between the popular resorts of Perranporth and Newquay. The village is approximately 9 miles from the City of Truro which is the County's administrative and commercial centre. The business is located on the road to Trevaunance Cove, a pretty beach which is very popular and lifeguarded in the main season, making it popular with families. THE PROPERTY Genki operates from a compact principle building comprising c. 260 sq ft (24 sq m), with a seating area, serving and preparation and washing up space. Internally there are c. 16 covers and externally an additional c. 34 covers on several terraces to the side and rear which are a major boon to the business, in a beautiful landscaped lightly wooded setting. THE BUSINESS We understand the building and some form of a business on this site dates back to the 1970's, the business has been in our clients tenure for the past 6 years and is now being sold on a lease (with our client being the freeholder) due to family and other business commitments away from this sector. The business trades on a seasonal basis (Easter through to October) and is principally run as a husband and wife team with part time assistance in the peak summer months. We are advised the turnover is in the region of £85,000, has a Gross Profit level of 70% and after all expenses including the market rent, produces an adjusted net profit of c.£30,000 per annum, further Accounting information will be made available upon request. Please see our clients website : www.genkicornwall.co.uk THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate)
CAFE' 4.75m x 2.6m. With two opening doors and windows to the side elevation. Wooden floor, built in serving counter and tables / chairs for c.16 covers. KITCHEN / PREPARATION 4.75m x 1.67m. Working area comprising 2 head ' Astoria ' bean to cup coffee machine (with separate grinder), shelving, till and chest freezer along with other commercial equipment. WASH - UP / PREPARATION 2.09m x 1.80m. Window to the front elevation, kitchen equipment and stainless steel washing up sink etc. WC Accessed externally, staff and customer WC. OUTSIDE A major aspect of the business is the external seating set over several terraces and to the side of the property, at the entrance, with trestle tables and parasols / awnings. The land to the rear is lightly wooded and provides a beautiful backdrop with several defined eating areas to compliment the property. Parking for 3 vehicles. TENURE Our clients will issue a new 7 Year Commercial Lease which will have the renewal provision upon expiration under Sections 24 to 28 of the Landlord and Tenant Act 1954 i.e. meaning automatically renewable at the tenants request. The initial passing rental is £10,000 pa with a rent review on the 4th year anniversary and will be held on a Full Repairing and Insuring basis (subject to a Schedule of Condition). GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk
B37949
ENERGY PERFORMANCE CERTIFICATE Not required. 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 the sale of liquor for consumption on the premises. BUSINESS RATES We refer you to the government website https:// www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value is £ . To find out how much business rates will be payable there is a business rates estimator service via the website. 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 on Completion. VALUE ADDED TAX All the above prices/rentals are quoted exclusive of VAT, where applicable. FINANCE 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 either:Graham Timmins on 01872 247019 or via email [email protected] or Paul Collins on 01872 247029 or via email [email protected] or Beverley Northey on 01872 247031 or via email [email protected]
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 - 2016
• • • • •
LICENSED SEASONAL COASTAL CAFE C. 50 COVERS OVERALL WELL EQUIPPED KITCHEN / PREPARATION NEW RENEWABLE LEASE IDEAL LIFESTYLE BUSINESS
£50,000 LEASEHOLD
B37949
LOCATION The picturesque village of St Agnes is located on Cornwall's north coast between the popular resorts of Perranporth and Newquay. The village is approximately 9 miles from the City of Truro which is the County's administrative and commercial centre. The business is located on the road to Trevaunance Cove, a pretty beach which is very popular and lifeguarded in the main season, making it popular with families. THE PROPERTY Genki operates from a compact principle building comprising c. 260 sq ft (24 sq m), with a seating area, serving and preparation and washing up space. Internally there are c. 16 covers and externally an additional c. 34 covers on several terraces to the side and rear which are a major boon to the business, in a beautiful landscaped lightly wooded setting. THE BUSINESS We understand the building and some form of a business on this site dates back to the 1970's, the business has been in our clients tenure for the past 6 years and is now being sold on a lease (with our client being the freeholder) due to family and other business commitments away from this sector. The business trades on a seasonal basis (Easter through to October) and is principally run as a husband and wife team with part time assistance in the peak summer months. We are advised the turnover is in the region of £85,000, has a Gross Profit level of 70% and after all expenses including the market rent, produces an adjusted net profit of c.£30,000 per annum, further Accounting information will be made available upon request. Please see our clients website : www.genkicornwall.co.uk THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate)
CAFE' 4.75m x 2.6m. With two opening doors and windows to the side elevation. Wooden floor, built in serving counter and tables / chairs for c.16 covers. KITCHEN / PREPARATION 4.75m x 1.67m. Working area comprising 2 head ' Astoria ' bean to cup coffee machine (with separate grinder), shelving, till and chest freezer along with other commercial equipment. WASH - UP / PREPARATION 2.09m x 1.80m. Window to the front elevation, kitchen equipment and stainless steel washing up sink etc. WC Accessed externally, staff and customer WC. OUTSIDE A major aspect of the business is the external seating set over several terraces and to the side of the property, at the entrance, with trestle tables and parasols / awnings. The land to the rear is lightly wooded and provides a beautiful backdrop with several defined eating areas to compliment the property. Parking for 3 vehicles. TENURE Our clients will issue a new 7 Year Commercial Lease which will have the renewal provision upon expiration under Sections 24 to 28 of the Landlord and Tenant Act 1954 i.e. meaning automatically renewable at the tenants request. The initial passing rental is £10,000 pa with a rent review on the 4th year anniversary and will be held on a Full Repairing and Insuring basis (subject to a Schedule of Condition). GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk
B37949
ENERGY PERFORMANCE CERTIFICATE Not required. 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 the sale of liquor for consumption on the premises. BUSINESS RATES We refer you to the government website https:// www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value is £ . To find out how much business rates will be payable there is a business rates estimator service via the website. 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 on Completion. VALUE ADDED TAX All the above prices/rentals are quoted exclusive of VAT, where applicable. FINANCE 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 either:Graham Timmins on 01872 247019 or via email [email protected] or Paul Collins on 01872 247029 or via email [email protected] or Beverley Northey on 01872 247031 or via email [email protected]
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 - 2016
