LEMON TREE CAFE BISTRO, 5 OLD BRIDGE STREET, TRURO, TR1 2AQ
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25 COVER DAYTIME LICENSED CAFE/BISTRO RECENT REFURBISHMENT ASSIGNMENT OF LONG LEASE GENUINE REASON FOR SALE ENERGY ASSET RATING (G)
£39,000 LEASEHOLD
B38344
LOCATION The Lemon Tree Café and Bistro occupies a prominent secondary trading position close to the Cathedral, shoppers car park and a number of niche retailers. The City of Truro is the County's commercial and administrative centre, which have seen significant growth in both infrastructural, residential and commercial development in recent years, which is set to continue with further expansion plans in both the east and west of the City, making Truro an extremely vibrant and busy small City. THE PROPERTY/BUSINESS The business comprise a ground floor dining area with tables and chairs for circa 25 covers, which can be extended up to 30 covers, which has been subject to significant updating and reequipping during our clients tenure. To the rear of the dining area is a well equipped commercial kitchen and on the first floor (with separate side access) is a shared cloakroom and storeroom/office. In terms of the trade, we understand that a catering establishment has operated on this site for the past circa 15 years, has been in our clients tenure for the past circa 1 year and is now being sold due to personal reasons. The business currently trades 5 days a week (Tuesday through to Saturday), 9am to 3pm, with slightly earlier opening on Saturday. The business is well known for its breakfast trade and we are advised has a very high rating on various social media sites. The business has a wide range of lunch options, but of particular note are the vegetarian dishes. We are advised the business has a projected turnover of circa
£90,000 (gross) up to its year end May 2015, with a gross profit level of circa 65%. THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate) DINING AREA 7.08m (average) x 4.87m (average). Large picture windows overlooking Old Bridge Street, towards the Cathedral with wood effect flooring and some window seating. An attractive room set up for circa 25 covers, with two settees. Service Counter with coffee machine and refrigerated bottle display cabinet through to:COMMERCIAL KITCHEN 3.85m x 3.78m. A well equipped commercial kitchen with non-slip floor, window to side elevation. Principal cooking equipment includes 6 ring gas cooker with double oven below with extensive extraction system over. Single fryer, undercounter fridge, undercounter freezer, Contact grill, stainless steel work benches, hot water boiler and undercounter stainless steel 3 door counter fridge unit. To rear of the kitchen access through to:LOBBY AREA With own front door. Stairs ascending to the:FIRST FLOOR Shared wc (with one other tenant), window to side elevation, low level wc and pedestal wash hand basin. STOREROOM/OFFICE 3.21m x 3.06m. Window to side elevation, extraction vent, 2 chest freezers, stainless steel workbench, stainless steel drainer unit and wash hand basin. OUTSIDE 1 car parking space
B38344
TENURE - LEASEHOLD Remainder of existing Lease due to expire in June 2024, with a current passing rental of £10,500 per annum, plus annual Service Charge of £2,600. 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 within Band G. 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 intoxicating liquor on the premises. 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