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Restaurant for sale

The Bosuns Mate, 27, Arwenack Street, Falmouth

Guide Price £45,000

Property Description

Key features

  • RESTAURANT & BAR
  • PRIME HIGH STREET LOCATION
  • POPULAR COASTAL RESORT
  • ASSIGNMENT OF EXISTING LEASE
  • VIEWING HIGHLY RECOMMENDED

Full description

A rare opportunity to acquire a licensed Bar/Restaurant in a prominent position in the highly regarded Coastal town of Falmouth, which has a resident population of circa 25,000 and is widely regarded as one of the most popular tourist destinations within the County.

Situation - The Bosuns Mate is situated on Arwenack Street in the cosmopolitan Harbourside town of Falmouth and is close to a number of niche and national retailers, the National Maritime Museum and The Events Square which regularly hosts music and food festivals. Falmouth requires little introduction as one of the County's foremost tourist destinations given its picturesque harbour, glorious beaches and the aforementioned attractions.

The Property/Business - The Bosuns Mate has an attractive wide frontage onto Arwenack Street with a bar/servery, a ground floor seating area with tables and chairs for approximately 26 covers, a further seating area providing an additional 30 covers.

Our client is currently trading in the evenings only with a turnover expected to be approaching the VAT threshold.

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

Bar/Restaurant Area - 9.26m x 4.07m. An attractive introduction to the property with tiled flooring, 2 windows and a door to the front elevation, tables and chairs for approximately 26 covers. Fitted wooden bar/servery with shelving, EPOS till system, Faema coffee machine, coffee grinder, sink and drainer, bottle fridge and wine fridge. Flight of steps to:-

Rear Restaurant Area - 9.94m x 3.14m. Tables and chairs for approximately 30 covers and a feature fireplace.

Ladies & Gents Wc's -

Kitchen/Preparation Areas - Wash up area 3.56m x 2.52m. Commercial non-slip flooring, door to rear elevation, stainless steel sink and dishwasher.

Commercial Kitchen - 5.03m x 3.78m. A well equipped commercial kitchen comprising in brief a 6 burner gas oven with extraction canopy above. Double griddle, 2 door pizza oven, double fryer, stainless steel work tables, counter fridges.

Staff Area/Store Room - 3.79m x 2.56m. Cupboard space for staff clothing and a selection of freestanding fridges and freezers.

Tenure - Leasehold - The premises are available by way of an assignment of the existing Lease which commenced in April 2017 for an initial period of 7 years, at a current passing rental of £14,880 per annum which is subject to 3 yearly rent reviews on internal repairing and insuring basis. We are advised the Lease has the automatic right to renew under Sections 24 to 28 of the Landlord and Tenant Act 1954.

General Information - LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

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

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 the premises.

Business Rates - We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

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.

Contact Information - For further information or an appointment to view please contact:-
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk

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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