St Merryn, PL28

Hospitality for sale in Padstow

A rare opportunity to purchase a leasehold for this well situated restaurant in St Merryn.

This bustling village is popular with both locals and tourists, due to its proximity to the seven local beaches and historic Harbour town of Padstow. 

ACCOMMODATION WITH ALL MEASUREMENTS BEING APPROXIMATE:-

PART GLAZED FRONT ENTRANCE DOOR TO:

OPEN VESTIBULE - Coathooks, opening to:

RESTAURANT AREA - 27'11" x 18'4" (8.51m x 5.59m) Including bar. Laminate wood effect flooring, four booths, plus tables, 2 panel heaters, glassware, crockery for tea and coffee, electronic till, phone and broadband connection points.

BAR AREA - Tongue and groove faced bar with ample shelving, wine rack, chiller cabinets. Single stainless steel wash hand basin, hatch to kitchen.

INNER LOBBY - Coathooks, door to kitchen, door off to:

WASH ROOM - Wash hand basin, obscure glazed window, door to:

WC - Low level WC, window.

KITCHEN - 14'3" x 13'3" (4.34m x 4.04m) plus 6'9" x 4'4" (2.06m x 1.32m) A commercial stainless steel kitchen with stainless steel worksurfaces, hob, griddle etc. Extractor over, double stainless steel sink, tall freezer and fridge, double stainless steel fridge, shelving, dishwasher, plate warmer, arch through to bar area, door to rear.

PARKING - There are two spaces to the front of the premises.

TURNOVER - Turnover and net profit figures are available upon request.

TENURE - The landlord has agreed to enter a new 10 year lease to be agreed directly with the purchasers. Current rent passing £9,500. Rateable value £10,000 so currently paying zero business rates.

DIRECTIONS - Proceed out of Padstow on the B3276 in the direction of St Merryn. After passing the Parish Church of St Merryn and The Cornish Arms Public House, proceed to the crossroads and turn left. The Olive Tree is located on your left hand side.

 

Important information

Property Ref: 192_712278