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Restaurant for sale

On Shore, Wharf Road, St Ives

Guide Price £195,000

Property Description

Key features


Full description

Sensationally positioned, licensed Cafe/Restaurant overlooking the harbour in St Ives, with outdoor seating. Well equipped and presented, assignment of existing lease. Rare opportunity.

Location - The popular resort of St Ives is considered to be one of the United Kingdoms premier holiday locations with its fine beaches and surfing conditions. The thoroughfare known as Wharf Road overlooks the picturesque harbour and the ocean beyond.

The Property - The establishment trades successfully as a café/restaurant with the accommodation briefly comprising 45 cover cafe which is most attractively furnished in addition to which there is an outside terrace providing an additional 20 covers. To the rear of the restaurant is an open plan kitchen comprehensively equipped with quality commercial equipment. On the first floor there are various service areas, office and walk-in cold room.

The Business - On Shore trades successfully throughout the year opening during the winter months from 9am to 4pm 7 days a week with the trading hours during the summer months increasing to 8.30am to 10pm 7 days a week. In addition to numerous part time staff there is one full time chef, assistant manager and supervisor. Turnover for the year ending 31st December 2015 showed sales of £562,000 producing a gross profit for the period of £402,607 and reconstituted net profit of £82,851. Detailed accounting information will be made available to prospective purchasers subject to viewing.

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

Cafe/Restaurant - 6.85m x 14.06m, accessed via double doors, the restaurant provides 45 covers , chair and bench seating, tiled floor, spotlighting, feature mirrored glass wall. Outside there is a terrace providing an additional 20 covers with protective all weather awning.

Kitchen - 3.28m x 4.55m, comprehensively equipped to include 6 burner range, extractor unit, griddle, Blue Seal grill, pizza oven, deep fat fryer, 2 stainless steel refrigerators, 1 stainless steel freezer, glass washing machine, 2 x 2 door refrigerated storage cabinets, microwaves.

Servery - 2 x 2 door refrigerated storage cabinets, 1 x 3 door refrigerated storage cabinet, electronic cash register, EVO coffee machine.

Washing Up Area - 3.35m x 1.83m, commercial sink unit, Health Regulation sink unit, Maid Aid dishwasher. Door to rear service road.

First Floor -

Ladies' Cloakroom -

Gents Cloakroom -

Bottle Store - 2.78m x 1.50m

Boiler Room -

Tenure - Leasehold - A proportional repairing 19 year Lease commencing December 2004 at a current annual passing rental of £65,000 with the next review being 2018.

Energy Performance Certificate - The Energy Performance Rating for this property is within Band D.

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

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151

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.

Legal Costs - Each party to bear their own.

Business Rates - We refer you to the valuation office website 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

Vat - 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 or
Paul Collins on 01872 247029 or via email or
Beverly Northey on 01872 247031 or via email

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)

Map & Street View

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