shell bar, 27 arwenack street, falmouth, tr11 3je
SHELL BAR, 27 ARWENACK STREET, FALMOUTH, TR11 3JE
• • • • •
RESTAURANT & BAR (56 COVER) PRIME HIGH STREET LOCATION SUPERBLY PRESENTED & EQUIPPED ASSIGNMENT OF LONG EXISTING LEASE ENERGY ASSET RATING (D)
£67,500 LEASEHOLD
B38034
LOCATION The Shell Bar is situated on Arwenack Street in the thriving harbour town of Falmouth, on the principal vehicular and pedestrian thoroughfare through the town, close to a number of niche and national retailers. Falmouth requires little introduction as one of the County's foremost destinations given its thriving University and has seen significant infrastructure, residential and commercial investment in recent years and is widely regarded as a very attractive part of the County in which to live and work. The Shell Bar enjoys a prominent trading location and enjoys high levels of footfall.
BAR/RESTAURANT 9.26m x 4.07m. An attractive introduction to the property with tiled floor, two windows and door to the front elevation. Tables and chairs for circa 26 covers, built-in wooden bar servery. Two head Faema coffee machine with separate grinder. Short flight of steps leading to:-
THE PROPERTY/BUSINESS The Shell Bar has wide frontage and as one enters the premises there is an attractive bar servery, with tables and chairs for circa 26 covers. A short flight of steps leads to the principal dining area with a circa further 30 covers. To the side and rear of the premises is an extensive preparation/kitchen area.
KITCHEN/WASH UP AREAS
During our clients tenure the premises have undergone significant decorative updating which provides a contemporary theme. An internal viewing is highly recommended to appreciate the quality of the interior design, the presentation of the bar/restaurant and the commercial trade fixtures and fittings. In terms of the trade, we understand the catering business has traded on this site for the past circa 25 to 30 years, has been in our clients tenure since the summer of 2014 and is now being sold due to other business commitments. The business currently trades principally as an evening destination, however, there is scope of course to offer an enhanced lunchtime offering. THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate)
REAR RESTAURANT AREA 9.94m x 3.14m. Tables and chairs for circa 30 covers. Step down to:LADIES AND GENTS WC'S AND STORAGE AREA From the rear restaurant area door through to:WASH UP AREA 3.56m x 2.52m. Commercial non slip flooring, door to rear elevation, stainless steel sink and dishwasher. COMMERCIAL KITCHEN 5.03m x 3.78m. A well equipped commercial kitchen with 6 burner gas cooker with extraction system over. Double hot plate/griddle, two door pizza oven, double fryer, stainless steel work bench and undercounter stainless steel fridge. Through to:STAFF AREA/STORE 3.79m x 2.56m. Cupboard space for staff clothing etc and with some base units. TENURE - LEASEHOLD Assignment of the existing Lease commenced April 2010, at a current passing rental of £14,500 per annum, with a 3 year rent review on an internal repairing and insuring basis. We understand the Lease enjoys a Security of Tenure, i.e. Renewable upon its expiration. GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council
B38034
General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk ENERGY ASSET RATING 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 holds a relevant 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. 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 Beverly 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
• • • • •
RESTAURANT & BAR (56 COVER) PRIME HIGH STREET LOCATION SUPERBLY PRESENTED & EQUIPPED ASSIGNMENT OF LONG EXISTING LEASE ENERGY ASSET RATING (D)
£67,500 LEASEHOLD
B38034
LOCATION The Shell Bar is situated on Arwenack Street in the thriving harbour town of Falmouth, on the principal vehicular and pedestrian thoroughfare through the town, close to a number of niche and national retailers. Falmouth requires little introduction as one of the County's foremost destinations given its thriving University and has seen significant infrastructure, residential and commercial investment in recent years and is widely regarded as a very attractive part of the County in which to live and work. The Shell Bar enjoys a prominent trading location and enjoys high levels of footfall.
BAR/RESTAURANT 9.26m x 4.07m. An attractive introduction to the property with tiled floor, two windows and door to the front elevation. Tables and chairs for circa 26 covers, built-in wooden bar servery. Two head Faema coffee machine with separate grinder. Short flight of steps leading to:-
THE PROPERTY/BUSINESS The Shell Bar has wide frontage and as one enters the premises there is an attractive bar servery, with tables and chairs for circa 26 covers. A short flight of steps leads to the principal dining area with a circa further 30 covers. To the side and rear of the premises is an extensive preparation/kitchen area.
KITCHEN/WASH UP AREAS
During our clients tenure the premises have undergone significant decorative updating which provides a contemporary theme. An internal viewing is highly recommended to appreciate the quality of the interior design, the presentation of the bar/restaurant and the commercial trade fixtures and fittings. In terms of the trade, we understand the catering business has traded on this site for the past circa 25 to 30 years, has been in our clients tenure since the summer of 2014 and is now being sold due to other business commitments. The business currently trades principally as an evening destination, however, there is scope of course to offer an enhanced lunchtime offering. THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate)
REAR RESTAURANT AREA 9.94m x 3.14m. Tables and chairs for circa 30 covers. Step down to:LADIES AND GENTS WC'S AND STORAGE AREA From the rear restaurant area door through to:WASH UP AREA 3.56m x 2.52m. Commercial non slip flooring, door to rear elevation, stainless steel sink and dishwasher. COMMERCIAL KITCHEN 5.03m x 3.78m. A well equipped commercial kitchen with 6 burner gas cooker with extraction system over. Double hot plate/griddle, two door pizza oven, double fryer, stainless steel work bench and undercounter stainless steel fridge. Through to:STAFF AREA/STORE 3.79m x 2.56m. Cupboard space for staff clothing etc and with some base units. TENURE - LEASEHOLD Assignment of the existing Lease commenced April 2010, at a current passing rental of £14,500 per annum, with a 3 year rent review on an internal repairing and insuring basis. We understand the Lease enjoys a Security of Tenure, i.e. Renewable upon its expiration. GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council
B38034
General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk ENERGY ASSET RATING 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 holds a relevant 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. 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 Beverly 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
