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Cafe for sale

57, Fore Street, St Ives

Guide Price £99,950

Property Description

Commercial information

  • Use class orders: A3 Restaurants and Cafes

Key features

  • BEAUTIFULLY PRESENTED RESTAURANT/BISTRO
  • RECENTLY REFURBISHED
  • HARBOUR VIEWS FROM THE FIRST FLOOR
  • EXCELLENT TRADING POSITION

Full description

An exciting opportunity to acquire an exceptionally well presented 50 cover restaurant/Bistro in the heart of the cosmopolitan resort of St Ives. The premises are available by way of an assignment of the existing lease which has approximately 24 years remaining at a current passing rental of £25,000 per annum.

The Situation - The premises are situated on Fore Street which is one of St Ives busiest thoroughfares and as such enjoys enormous levels of passing trade owing to St Ives ever increasing popularity as a year round tourist destination.

St Ives is home to the Tate St Ives Gallery and is famed for its quaint cobble streets, quaint architecture, glorious sandy beaches, its wide selection of national and niche retailers and has a growing reputation within the SW for its wide selection of excellent restaurants and dining establishments.

The Business - Our clients acquired the lease approximately 12 months ago and during their tenure they have comprehensively refurbished and refitted the premises and quickly earned an excellent reputation within St Ives for their levels of service and in particular their wide offering of Cornish Tapas!

To view a sample menu and for further images and information please visit our clients website www.57forestreet.com

Number 57 Fore Street is operated by our clients who are a husband and wife team, with the assistance of a full time chef and several part time front of house staff.

The business is now being made available owing to our clients other commitments thus allowing new operators the opportunity of driving the business forward. Turnover for the 12 month period to 30th April 2016 was £262,628.

Description - A delightful bar/reception area with fitted window seating, breakfast bar, counter/servery with bar stools, counter servery with two double bottle fridges, Epos till system, La Spaziale coffee machine and a small wash up area.

Ground Floor Dining Room - 4.81m x 4.05m, tables and chairs for approximately 22 covers, doorway to lower ground floor where can be found both the ladies and gents wcs, basement with a range of fridges and freezers, washing machine and shelving. Door giving access to alleyway/bin store.

First Floor - 4.88m x 4.06m, Again beautifully appointed with tables and chairs for approximately 24 covers, affording elevated views across St Ives Bay to Godrevy lighthouse and the surrounding coastline.

Kitchen - Comprehensively equipped comprising in brief extractor canopy, 2 counter fridges, twin fryer, 6 ring range, Buffalo combination oven, twin sink and drainer and dishwasher.

Tenure - The business is being made available by way of an assignment of the existing 25 year lease which commenced in the spring of 2015 at a current passing rental of £25,000 per annum. A copy of the lease was not available at the time of our inspection and for further information please contact the selling agents.

General Information -

Contact Information - For further information or an appointment to view please contact Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk

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 C.

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.

Premise 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.

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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