Cafe for saleArgal View Cafe, Penwarne Road, Penryn
Sold STC £69,950
- BEAUTIFULLY LOCATED DAYTIME CAFE
- INSIDE & OUTSIDE SEATING FOR CIRCA 70 COVERS
- WELL PRESENTED & EQUIPPED
- NEW RENEWABLE LEASE
- CONSISTENT & GROWING TRADE
A rare opportunity to acquire an all year daytime cafe in a beautiful 'Lakeside' setting in beautiful countryside on the South Cornish Coast.
Location - Argal View Cafe is situated overlooking the Argal Reservoir in the countryside between Penryn and Mawnan Smith on the South Cornish coast. The Argal Reservoir is owned and managed by the South West Lakes Trust and provides parking, amenity area and toilet facilities for those persons wishing to enjoy the beautiful environment and in particular the circular walk around the lake. The Argal View Cafe is located adjacent to the parking and enjoys a most spectacular view over the lake and is within a popular tourist location and indeed is well known within the local vicinity.
Description - The property comprises a single storey building which has been erected by our clients and comprises circa 24 covers internally, with external seating areas for a further circa 45 covers. The business has been in our clients tenure for the past circa 2 years, trades all year round between 8.30am and 4.30pm 7 days a week.
In terms of the trade, the Argal View Caf is very much a growing business and we are advised the turnover for the year end March 2016 show sales of £96,501, producing a gross profit level of 71% and an adjusted net profit in the region of circa £28,000 per annum (after deducting all normal overheads and wages of circa £28,000 per annum, which is estimated could be reduced with new owners).
The Accommodation Comprises - (all areas and dimensions are approximate)
Cafe - 5.53m x 3.47m. Two windows and door to front elevation overlooking the outside seating area and with views towards the reservoir, tiled floor, which we are advised has under floor heating. A well equipped and presented area with serving counter, tables and chairs for circa 16 covers. Main equipment includes 2 head Spaziale coffee machine, separate grinders and glass top display cabinet. Through to:-
Kitchen - 3.46m x 1.58m. With hot plate, griddle, extraction system, stainless steel drainer unit, commercial microwave, dishwasher and fridge and freezer.
Covered Seating Area - (attached to the restaurant)
3.48m x 3.5m. Concrete floor, currently with two trestle tables and with windows to the side overlooking the reservoir.
Outside - Gravel area with tables and chairs for circa 45 covers, with views over the surrounding countryside and the reservoir.
Also, public conveniences located ot the rear of the Cafe (maintained by the South West Lakes Trust).
Tenure - Leasehold - We are advised the caf is subject to a Planning Permission from the Local Authority for 5 years from September 2016 and also a new Licence / Lease from the South West Lakes Trust for a period of 5 years, which we understand will be a renewable rolling lease (subject to SWLT approval) at a passing rental of circa £6,000 per annum.
General Information -
Contact Details - For further information or an appointment to view please contact Graham Timmins on 01872 247019 or via email firstname.lastname@example.org
Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Energy Performance Certificate - Not required.
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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