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Retail Property (high street) for sale

Cedar Croft Plants, Hengar Lane, St Tudy, Cornwall

Sold STC £32,500

Property Description

Key features

  • PLANT SALES & ASSOCIATED PRODUCTS
  • CAFE AREA (16 COVERS)
  • WELL PRESENTED & EQUIPPED
  • NEW LEASE AVAILABLE

Full description

A well presented retail garden nursery business with 16 cover cafe set just outside the attractive village of St Tudy. New Lease available.

Location - Cedar Croft Plants is situated approximately half a mile from the attractive North Cornish village of St Tudy, which is close to both Wadebridge and Bodmin. The village of St Tudy has a church, chapel, Village Post Office and Stores and Primary School and has a number of period properties making this a desirable area in which to live and work.

The Property/Business - The business is primarily concerned with the retail of predominantly Cornish plants, some of which are propagated on site and others bought in, operating from two 30m x 9m glass houses, one of which has a section partitioned to provide an entrance/general retail area and a further area for a cafe which has circa 16 covers.

Our client has traded the business for the past 5 years, trades all year, 7 days per week, between the hours of 10am and 4pm in the winter, extending to 5pm in the summer months.

We are advised the turnover is in the region of circa £55,000 to £60,000 per annum and of course accounts will be made available to interested parties subsequent to a viewing appointment. For further information regarding the business please see the website www.cedarcroftplants.co.uk.

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

Glass House 1 - 30m x 9m (external measurement), with manual vents and an integrated irrigation system. Outside of this glass house an area for collection of rubbish, compost area and the show garden.

Glass House 2 - 30m x 9m (external measurement), with raised benches for the display of plants etc, with an area defined for vintage/reclaimed items and also the entrance/associated products retail area through to a cafe area, which has a window to the front elevation, wood burner and tables and chairs for circa 16 covers.

The kitchen area has a coffee machine and separate grinder, undercounter fridge, the cooking area has a window to the side elevation, 7 ring gas cooker with double oven below, 2 microwaves and a sink unit. The cafe area is currently run by another party on a profit share agreement.

Tenure (Lease) - We are advised a new lease will be made available for an initial period of 5 years, which shall enjoy the Security of Tenure under the Landlord and Tenant Act, at an initial passing rental of £7,000 per annum, with no rent review during that period and the rental includes unlimited water via a bore hole.

The cafe area is currently rented to another party we are advised at a passing rental of £150 per calendar month, plus 50% of the electricity and water and has a profit share agreement. We are advised this is an informal agreement.

General Information -

Contact Information - For further information or an appointment to view please contact Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

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

Energy Performance Certificate - Exempt.

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 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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