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A rare opportunity to acquire A leasehold restuarant business premises formerly known as austells in one of south cornwalls most desirable locations. Previously 2 aa rosette award and recent number 1 on trip advisor. The modern premises are open plan to the kitchen area and has covers for 48 to 50. The premises forms part of a small complex with a variety of other commercial outlets and has good communal parking.
Austells The Restaurant - Austells was a renowned local business with excellent repeat business from both residents and the holiday trade. The restaurant was consistantly Number 1 on TripAdvisor and boasts 2 aa Rosette status.
Location - The restaurant is located in the popular coastal location of Carlyon Bay in a small precinct style development currently alongside other restaurants and commercial outlets. Other local amenities include a championship golf course and a 4* hotel, salon and yoga studio. The picturesque port of Charlestown and the award winning Eden Project are within a short drive. The town of Fowey is approximately 7 miles away and is well known for its restaurants and coastal walks. The Cathedral city of Truro is approximately 16 miles from the property. The recently regenerated town of St Austell is situated approximately two miles away and offers a wide range of shopping, educational and recreational facilities. There is a mainline railway station and leisure centre together with primary and secondary schools and supermarkets. The St Austell area has and is undergoing large scale development increasing the number of both local and visiting residents.
The Premises - 14.57 x 8.8 overall (47'9" x 28'10" overall) - This very modern and attractively presented restaurant has the above overall measurements incorporating the kitchen, bar and toilets.
Bar And Reception - 3.1 x 3 (10'2" x 9'10") - A well stocked open bar/reception area with further storage space.
The Restaurant - 10.9 x 4.6 (35'9" x 15'1") - With covers for 48-50 the seating area is slightly elevated to take advantage of the large front window and the open plan design looking into the kitchen. The seating space being rectangular offers easy configuration for different sized parties and table numbers. There is pleasant modern lighting creating a comfortable fine dining experience.
Kitchen - L Shape - 7.5 x 6.5 (24'7" x 21'3") - With a good range of commercial equipment, crockery and cutlery
Toilets - Male and Female toilets with washroom area
Outside - To the front of the premises is a communal car park servicing the row of commercial units. There is a canopy covered entrance area and to the rear are two stores.
Lease - The existing lease has just under 6 1/2 years to run at a current rent of £10,000. There is a nominal ground rent and the insurance premium fro the year ending April 2017 is £348.50. The lease incorporates a service charge provision which is currently under review.
Note There is the opportunity, subject to lease and terms negotiation, for a extension to the unit giving almost double the area.
Planning - Interested applicants should make their own enquiries as to any specific planning needs for their own or any business.
Figures - Short abridged accounts can be made avilable, at the Owners discretion, to seiuously interested aplicants following a viewing.
The Business - Guide Price of £40,000 is being sought wth £20,000 for Fixtures and Fittings. Stock at Valuation.
The business was that of a licensed restaurant operating on the following hours Monday Closed Tuesday 10am4pm, 69pm Wednesday 10am4pm, 69pm Thursday 10am4pm, 69pm Friday 10am4pm, 69pm Saturday 10am4pm, 69pm Sunday 122pm, 69pm
Viewing - Strictly by apoointment with the Owners Agents: May Whetter and Grose, 11 Fore Street, St Austell. PL25 5PX.
For more information about this property, please contact May Whetter and Grose, PL25 on +44 1726 829078 * (local rate)
Contact May Whetter and Grose about this property
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