12 Central Square, Newquay, Cornwall

Leasehold Bar & Restaurant Located In The Centre Of Newquay, Cornwall

Option-Self-Contained Two Bedroomed Apartment Above With Sea Views.
Rent Restaurant & Apartment £27000 pa Rent Restaurant Only £15,000 pa

Ref 3048L

Asking Price: £29,950

Location This outstanding Bar & Restaurant is located in Newquay, Cornwall. Situated within a prominent and highly visible trading position, heading towards one of Newquay’s main beaches. Newquay is one of the nation's favourite seaside towns, exudes the laid-back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort, all wrapped up in the most fantastic coastal scenery.

Business Description
Veritas Business Sales are delighted to offer for sale this respected Freehold Bar & Restaurant which is located in the centre of Newquay. The business was established by our clients back in 2016 and is now being offered for sale so that they can enjoy a well-deserved retirement. Since ownership they have completely rebuilt the property from top to bottom with no expense spared and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Toast is owner operated and requires the help of 1 full time and 2 part time members of staff and has an annual turnover of circa £170,000. Toast is a haven for Mediterranean, European, and Spanish cuisine and caters to a diverse palate with an array of vegetarian friendly, vegan, and gluten-free options, all made with locally sourced fresh produce. They can be accompanied with a fine selection of cocktails, wines and beers as well as well as locally sourced coffee and various teas. Currently the business operates 5 days a week dropping to ¾ during the winter months. The first floor provides a self-contained 2 bedroomed apartment tastefully decorated with wooden beams and views overlooking Towan Beach.We believe that there is further potential to increase trade by extending the current opening times and trading all year round. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established freehold business which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Tuesday – Saturday – 17:00 – 23:00
Sunday & Monday – closed

Leasehold
New 10-year lease to be granted
Rent: £27,000 pa Restaurant & Apartment,
Rent £15,000 pa just the restaurant.
Reviewed: 3 yearly
Business rates: £4,000 pa for both.

Ground Floor
Bar (4.9m x 5.3m) comprising: Oak bar counter, various shelves, drinks blender (Nutri-Bullet), espresso coffee machine (Lespaziale), glass washer (Polar), wash basin, 3 door undercounter drinks fridge (Polar), wine fridge, epos till with cash drawer, usual bar equipment, 2 door chiller unit and 2 black boards.Restaurant (10.7m x 4.9m) with 5 x high tables with 10 stools, 7 x tables with chairs/bench seating to cover (18) and various pictures.Upper restaurant (3.6m x 3.6m) with tables and chairs to cover (6), 2 x baby high chairs, various pictures, oak cupboard and various stools.Kitchen (4.0m x 2.5m) comprising: undercounter freezer (Polar), dishwasher (Class EQ), undercounter fridge (Polar), single deep fat fryer (Lincat), hot plate (Lincat), plate warmer (Lincat), 2 x stainless steel tables, tabletop oven (Turbo-Fan), 2 x tabletop basket fryers, 2 x rice making pans, induction hob (Cater-Lite), 3 door chiller unit with stainless steel top and salad prep (Polar), food mixer, glass washer (Class IQ), sink with drainer, wash basin, various shelves, extraction unit and various kitchen utensils. Storeroom (2.6m x 1.8m) with boiler, various shelves, chest freezer and fridge (Indesit).


EPC Rating C

First Floor

Apartment
Kitchen/Diner/ Lounge (11.4m x 3.5m)
Hallway
Bedroom 1 (2.4m x 3.9m) Comprising: Double bedroom with en-suite (2.4m x 1.0m)
Bedroom 2 (2.4m x 3.4m) Comprising: Double bedroom with en-suite (1.7m x 2.4m)
Storeroom