Restaurant for sale

The Old Grammar Schools, 19 St. Marys Street, Truro, Cornwall, TR1 2AF

Guide Price 918–1,295 sq. ft. | £150,000

Property Description

Commercial information

  • 918 sq ft (85 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • THRIVING RESTAURANT BUSINESS FOR SALE
  • CENTRALLY LOCATED ADJACENT TO CATHEDRAL
  • ANNUAL RENT 22,500
  • PLUS STOCK AT VALUATION
  • ENERGY PERFORMANCE RATING (TBC)

Full description

Tenure: Leasehold

ACCOMMODATION:

Gross Internal Area - 108.4sqm (1,167sqft)

Patio - 35.0sqm (377sqft)

Main Bar Area - 54.4sqm (585sqft)

Bar/ Kitchen - 27.9sqm (300sqft)

Cellar - 3.0sqm (32sqft)

Net Internal Area - 85.3sqm (918sqft)

Net Internal Area with Patio - 120.0sqm (1,295sqft)


WEBSITE:

http://www.theoldgrammarschool.com/

www.theoldgrammarschool.com

THE BUSINESS:

The business operates 6 days a week from 10am until late and is currently fully staffed, so there is potential for increased profits with a family run team.

The annual turnover is around 600,000pa representing a Gross Profit of circa 350,000. The operation is 60% wet led and the abridged annual profit averages 35,000.

More detailed accounts are available upon request to qualified applicants further to a viewing.

LEASE TERMS:

The premises is available by way of the assignment of the existing 25-Year lease which expires 2032. The passing rent is 22,500pa and there are 5-Yearly rent reviews, the next one being 2017 (the commencing rent was 20,000pa).

VIEWING:

Interested parties are encouraged to inspect a s customer in the first instance. If a more formal appointment or meeting with the client is required this is to be arranged via Redgrave Commercial.

Nearest stations

  • Truro (0.6 mi)
  • Perranwell (4.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Redgrave Commercial, Truro

Redgrave Commercial Lemon House 22 Lemon Street Truro Cornwall TR1 2LS

01872 490006 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

  • Truro (0.6 mi)
  • Perranwell (4.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Redgrave Commercial, Truro

Redgrave Commercial Lemon House 22 Lemon Street Truro Cornwall TR1 2LS

01872 490006 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 TOGS. 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 Redgrave 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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