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Retail Property (high street) for sale

Pellows Bakery, 95, Market Jew Street, Penzance

Guide Price £64,950

Property Description

Key features

  • WELL ESTABLISHED FAMILY BAKERS
  • PROMINENT POSITION ON PENZANCES MAIN THOROUGHFARE
  • COMPREHENSIVE RANGE OF EQUIPMENT INCLUDED
  • AVAILABLE WITH A NEW LEASE

Full description

A highly regarded traditional bakery in the centre of the Harbourside Town of Penzance. The business enjoys excellent levels of turnover and is available by way of a new lease.

Situation - Pellows is situated on Market Jew Street which is the main vehicular and pedestrian thoroughfare through the town of Penzance. The shop is situated just a few yards from the Wharfside Shopping Centre a number of national and niche retailers with the towns Railway Station being only a few hundred yards distant and is also in close proximity to the main shoppers car park.

The town of Penzance has a resident population of approximately 21,000 and is widely recognized as the gateway to Penwith in addition to being a departure point for the Scilionian Ferry and as such the town attracts hundreds of thousands of tourists throughout the summer season.

Description - The subject premises are laid out over three floors with well presented retail space on the ground floor, storage/staff rooms etc on the lower ground floor with the production area being situated on the second floor.

Our clients have operated the business for many years with the vast majority of all products being baked on the premises by our client who is assisted by a number of part time staff.

The accounts for the year end 31st July 2016 show a turnover of £202,869 which resulted in a net profit of £54,075 after deductions for directors remuneration, motor expenses and vehicle contract hire, finance interest and depreciation. Full accounts will be made available subject to a viewing appointment in the usual manner.

The Accommodation Comprises - (all areas and dimensions are approximate)

Basement -

Staff Room - 3.50m x 2.16m, with storage cupboard and wc.

Store Room - 3.38m x 2.38m.

Office -

Ground Floor - 3.67m x 12.20m, a well equipped retail area with 2 display counters, 1 bread slicer, 1 bottle fridge, 1 undercounter fridge, 2 Smeg ovens, 1 Stainless steel counter fridge, 1 Casio till, 1 chest freezer, 2 double blast freezers, 1 single fridge, stainless steel table, double stainless steel sink and drainer and stainless steel hand wash basin.

First Floor - 12.2m x 3.67m, a well equipped production area with double sink and drainer, triple oven, commercial mixer, stainless steel counter fridge, microwave and commercial racking.

Tenure - Leasehold - The premises are available by way of a new full repairing and insuring lease at a commencing rental of £15,000 per annum subject to 3 yearly rent reviews with all other terms to be agreed.

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 be confirmed.

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.

Business Rates - We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

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 gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverly Northey on 01872 247031 or via email bn@miller-commercial.co.uk

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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