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Cafe for sale

The Cod End, 9, Cliff Road, Newquay

Guide Price £175,000

Property Description

Key features

  • SUCCESSFUL FISH & CHIP TAKEAWAY/RESTAURANT
  • PROMINENT POSITION
  • 21 COVERS WITH A FURTHER 54 COVERS ON THE FRONT & REAR TERRACES

Full description

A highly successful Licensed Fish & Chip Takeaway/Restaurant in a prominent position in Central Newquay directly opposite the railway station and a number of licensed premises. The business is available with a new lease and a 2 bedroom flat is also available by separate negotiation.

Situation - The Cod End is situated on Cliff Road in Newquay immediately opposite the town's Railway Station and near to several shoppers car parks and Public Houses. Newquay is widely acknowledged as one of the UK's most popular tourist destinations and plays hosts to a number of high profile surfing events each year and has a large resident population in addition to attracting hundreds of thousands of visitors throughout the holiday season.

Description - These lock-up ground floor premises are extremely well equipped with a terrace to the front elevation with seating for approximately 14 covers with a further 21 covers internally and a large terrace overlooking Great Western beach with tables and chairs for approximately 40 covers to the rear elevation.

The main area extends to approximately 409 sqft and is equipped with a Henry Nuttal 4 pan range, refrigerated dessert display, bottle fridges, turbo fan oven, undercounter fridges and freezers, coffee machine, 4 pan Bain Marie, commercial microwave, extractor canopy and 2 Epos tills.

In addition to the aforementioned there is a prep and store area extending to approximately 270 sqft with a selection of upright fridges and freezers, fish safe, bold potato rumbler and chipper, counter top electric 4 ring hob, commercial mixer, 3 chest freezers and a stainless steel work table.

The business trades year round with the assistance of a number of full and part time employees, we are advised that the turnover for the year ending 31st March 2014 amounted to £211,746 with healthy levels of gross profit producing an adjusted net profit in the region of £50,000 after deducting a commencing rental of £20,000 per annum.

Tenure - The premises are available by way of a new repairing and insuring Lease at a commencing rental of £20,000 per annum exclusive with all other terms to be agreed.

Agents Notes - Our client is also able to offer a 2 bedroom flat with the business at a rent of £625 per calendar month.

General Information -

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

Energy Performance Certificates - The Energy Performance Ratings for the Cod End is within Band D and within Band C for the flat.

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.

Premises 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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