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Cafe for sale

Gravy Boesti, 8, Edward Street, Truro, Cornwall


Property Description

Key features


Full description

A beautifully presented licensed restaurant with 26 covers, adjacent to the County Courts in the cathedral city of Truro.
The business opens at lunchtimes and evenings and benefits from a rear trade garden with a further 16 covers.
To the first floor are generous service areas including an office, food preparation room and laundry room.

Location - Gravy Boesti is situated adjacent to the County Courts on Edward Street, a short walk from the centre of the busy cathedral city of Truro.

As the main administrative and commercial centre in Cornwall, Truro has seen significant commercial and retail investment in recent years making it a thriving and vibrant city. The continuing residential development in and around the city, together with plans for a new stadium and expansive development just to the west, mean the area will see increased growth, certainly for the foreseeable future.

The Property - The business occupies a traditional two-storey period cottage; a facade that belies the contemporary and high quality interior. The original property has been extended to the rear to form the principal dining area, with a theatre style kitchen and 28 covers. A large skylight and wide opening glass doors to the rear make the dining area feel light and spacious.

To the rear is an attractive terrace garden providing a further 16 covers. On the first floor is an office, laundry room, preparation room and staff WC.

The Business - Recently awarded the Trip Adviser Certificate of Excellence, Gravy Boesti trades at lunchtimes and evenings from 12 noon until 2.30pm and from 5.30pm until late. Its close proximity to the Courts ensures regular and repeat trade from Legal professionals from across Cornwall.

Trading Accounts for Year Ending March 2015 show a turnover of £214,659 (net); a very impressive increase of £65,000 from the previous year.

Operated by our client with the assistance of a full-time chef a front of house, KP and two part-time waitresses, the business would be ideally suited to a husband and wife team or aspiring chef.

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

Lobby Area - An open plan lobby area with stairs to the first floor leading to:

Kitchen/Restaurant Area (6.2M X 12.9M) - An expansive, dual aspect room, with sash windows to the front and wide opening glazed doors to the rear overlooking the outside terrace with a theatre style kitchen leading to a formal dining area.

The commercial kitchen is extremely well equipped including a 6 ring gas cooker with double oven below and extraction system over, 4 door and 3 door under-counter stainless steel fridges, commercial dishwasher, glass fronted drinks cabinet, 2 pan fryer, Blue Seal griddle and flat top, Gaggia coffee machine, coffee grinder and electric till.

The restaurant area has a range of built-in and freestanding chairs and tables providing 28 covers and gives access to; customer/disabled WC.

Rear Terrace - Access through the glazed doors at the rear of the formal dining area with slate flagstones and seating for 16.

First Floor Landing - Window to rear, upright double glass fronted drinks chiller, double under-counter glass fronted drinks chiller. Doors to:

Office (3.7M X 3.4M) - Range of built-in shelving, range of stainless steel shelving units, built-in cupboard housing the ventilation fans and large window to rear.

Preparation Room (3.6M X 3.3M) - One stainless steel sink/drainer, two stainless steel workbenches, freestanding stainless steel shelving unit, two upright fridges, one large upright stainless steel Polar fridge, one large stainless steel Polar freezer, ice-cream machine, microwave, window to front elevation.

Laundry Room (2.3M X 2.8M) - Polar Refrigeration stainless steel ice-machine, washing machine, freestanding dresser, freestanding stainless steel shelving unit, window to front elevation.

Staff Wc - Window to rear, vanity wash hand basin, close couple WC.

Tenure - Leasehold - Gravy Boesti is offered by way of the assignment of the existing Internal Repairing and Insuring Lease which commenced 3rd May 2013 at a passing rental of £17,500pa. We are advised the Lease is specifically excluded from The Security of Tenure Provisions of the Landlords and Tenants Act 1954.

Premises Licence - We are advised that the business currently holds a relevant Premises Licence for the sale of intoxicating liquor with food.

Stock - At valuation upon completion.

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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