Cafe for sale

Mixed Portfolio, 9, Cliff Road, Newquay

Guide Price £1,250,000

Property Description

Key features

  • SUBSTANTIAL RESIDENTIAL & COMMERCIAL PORTFOLIO
  • SALE INCLUDES 2 PROFITABLE BUSINESSES
  • 4 APARTMENTS & 1 TENANTED COMMERCIAL UNIT

Full description

Opportunity to acquire a substantial mixed portfolio of properties in the centre of Newquay comprising 2 trading businesses, 1 tenanted commercial unit and 4 residential apartments with stunning views over the surrounding coastline.

Situation - The property is situated on Cliff Road in Newquay immediately opposite the towns Railway Station and near to several shoppers car parks. Newquay is widely acknowledged as one of the UK's most popular tourist destinations and plays hosts to a number of high profile surfing events each year and has a large resident population in addition to the aforementioned uplift during the summer months.

Description - These substantial premises are laid out over 3 floors and comprise in brief Atlantic Angling currently let (current passing rent £11,000 per annum), Cod End Chippy and Rollz two catering businesses operated by our client and four residential apartments let on Assured Shorthold tenancies producing a total income of £2,350 per calendar month). To the rear of the Chip Shop is a sizable terrace enjoying panoramic views across Great Western beach and the surrounding coastline a view which is also enjoyed from the apartments.

This is an ideal opportunity for a hands on operator or investor seeking to acquire a commercial property with the possibility of creating Leases on the remaining trading businesses and if fully let the building would generate somewhere in the region of £70,000 to £75,000 per annum.

The Property/Accommodation -

Cod End Chippy - Cod End Chippy enjoys an excellent following from locals and visitors alike and is currently ranked in the top 10 food outlets within the town on trip advisor. The premises are extremely well equipped with a terrace to the front elevation and with seating for approximately 14 covers, circa 21 covers internally with the rear terrace providing approximately 40 further covers. The principal area which is extends to approximately 409 sq ft is equipped with a Henry Nuttal 4 pan range, refrigerated dessert display, bottle fridges, turbo fan oven, undercounter fridges and freezers, coffee machine, 4 pan Bain Marie, commercial microwave, extractor canopy and 2 Epos tills.

In addition to the aforementioned there is a prep and store area extending to approximately 270 sq ft with a selection of upright fridges and freezers, fish safe, bold rumbler and chipper, counter top electric 4 ring hob, commercial mixer, 3 chest freezers, stainless steel worktop.

The business trades year round with the assistance of 3 full time staff and several part time employees. We are advised that the turnover for the year ending 31st March 2014 amounted to £211,746. Further accounting information will be made available subsequent to a viewing appointment in the usual manner.

Premises Licence - We understand the business currently holds a Premises Licence in respect of the sale of liquor for consumption on and off the premises.

Rollz - Again this is traded by our clients family and extends to approximately 300 sq ft with a service area/kitchen and staff cloakroom/store to the rear. Internally there are 10 covers with a further 16 covers on the front terrace. Rollz offers a range of hot and cold snacks including jacket potatoes, baguettes, Paninis, breakfasts, sandwiches and hot and cold beverages. The unit is well equipped and the sale will include a single bottle fridge, Epos till system, counter fridge with salad service, coffee machine, 4 pot Bain Marie, griddle, turbo fan oven, double fryer. In the storeroom is a commercial microwave with free standing fridge and freezer. Accounting information will again be made available subsequent to a viewing appointment in the usual manner.

Atlantic Angling - Which extends to approximately 385 sq ft and is held by way of a repairing and insuring Lease for a term of 15 years which commenced in June 2009 at a current passing rental of £11,000 per annum exclusive which is subject to 5 yearly rent reviews.

The Flats -

Flat 1 (Rent £550 Pcm) - Accessed independently from the other apartments and comprises a large living room with kitchen and dining area, 1 double bedroom, 1 single bedroom, bathroom and balcony enjoying stunning views across Great Western beach and the surrounding coastline.

Flat 2 (Rent £500 Pcm) - Which has a large open plan living room/kitchen/dining area, 2 double bedrooms and a bathroom.

Flat 3 (Rent £650 Pcm) - 1 double bedroom with living room/kitchen and bathroom.

The Penthouse (Rent £650 Pcm) - A stunning apartment, with a large living room/dining room/ kitchen, 3 double bedrooms, shower and bathroom, cloakroom and spacious balcony (rent £650 per calendar month).

Agents Note - The Cod End Chippy is available on a leasehold or freehold basis with the possible inclusion of Flat 1, please speak to the agents for further details.

General Information -

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificates - The Energy Performance Ratings for these properties are as follows:-
The Cod End Fish & Chips - Band D
Atlantic Angling - Band C
Rollz - Band C
Flat 1 - Band C
Flat 2 - Band B
Flat 3 - Band C
The Penthouse - 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 currently holds a premises licence in respect the sale of liquor for consumption on and off 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 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.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Newquay (0.1 mi)
  • Quintrell Downs (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newquay (0.1 mi)
  • Quintrell Downs (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 25633794. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Commercial, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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