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Restaurant for sale

Ground Floor, 3, The Quay, St Mawes, Cornwall

POA
1,603 sq. ft.

Property Description

Commercial information

  • Use class orders: A3 Restaurants and Cafes

Key features

  • TO LET/FOR SALE
  • POPULAR AND EXCLUSIVE TOURIST DESTINATION
  • HARBOUR FACING
  • VACANT GROUND FLOOR RETAIL 1291 SQ FT (120 SQ M)
  • FIRST FLOOR 278 SQ FT (25.8 SQ.M)
  • CONSENT ACQUIRED FOR A1 AND A3 USES

Full description

A prominent building situated in the picturesque harbour side village of St Mawes which is located within the Roseland Peninsula on the South Coast of Cornwall, opposite Falmouth. The premises which were formerly occupied as a bank comprise a ground floor banking hall together with a first floor independently accessed office which is occupied separately by a local business for a lease term to expire December 2018.

Planning consent has been acquired for Restaurant/Cafe use (A3) and it would suit a variety of uses including A1 retail.

Location - St Mawes is one of the most exclusive seaside tourist and sailing destinations within Cornwall; located at the end of the Roseland Peninsula, approximately 13 miles south of Truro. The property occupies a prominent position in the town centre, fronting the very attractive harbour. Nearby occupiers include a mixture of premium hotels, restaurants, pubs and boutique shops.

Description - The property is a period, end terrace building arranged over ground and first floors. The ground floor was previously occupied as a bank however planning consent has been acquired for Restaurant/Cafe use (A3) and it would suit a variety of uses including A1 retail. There is a separate point of access on the first floor at the rear of the property. The property benefits from excellent sea views.

Schedule Of Accommodation - The property comprises of the following approximate floor areas (based on Net Internal Area):
Ground Floor -1325 sq ft (123.1 sq m)
First Floor - 278 sq ft (25.8 sq m)
Total 148.9 (1603 sq ft)

Tenure - The entire building will be available at an asking rental of £45,000 per annum.
The first floor is currently held under an occupational tenancy for a term to expire December 2018. It could be converted to a studio flat under the General Development Order without the need for a formal planning application.
Freehold offers will be considered.

Legal Costs - Each party to bear their own legal costs.

Business Rates - From information provided by the Valuation Office website we are informed that the current rateable value of the Ground floor is £13,750. The UBR for 2017/2018 is 47.9p. As such we estimate rates payable to be in the region of £6,600 pa. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes. Should planning consent be granted for change of use the business rates will need to be re-assessed if implemented.

Value Added Tax - VAT will not be payable on this property.

Epc - The Energy Performance Rating for this property is within Band G (158).

Contact Information - For further information or to arrange a viewing please contact:
Tom Smith - 01872 247013 or ts@miller-commercial.co.uk
Mike Nightingale - 01872 247008 or msn@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.


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