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Property Listing Details

Property details

Features

  • Leasehold
  • Fabulous Quayside Bar/Restaurant Overlooking the Estuary
  • Waterside Dining and Drinking for Circa 46 Internally and 30 Outside
  • Fully Refurbished Property with Stylish Nautical Theme
  • Strong Business with Booming Summer Trade
  • Rare Opportunity to Secure a Waterside Business in Looe

Listing view statistics

Last 30 days: 81 page views

Since listed: 1566 page views

Description

Looe is a picturesque Cornish fishing town on the South coast offering a range of amenities and attractions, making it an ideal place to both live and work. East Looe has a vibrant town centre on the banks of the East Looe river with many shops, bars, restaurants, a Post Office, Doctors Surgery, harbour and its own sandy beach. The town also benefits from a bus network and a train line that links Liskeard to the main Penzance to Paddington line.

An attractive two storey, white washed stone building overlooking the estuary on the quayside in the heart of this bustling fishing town. The premises benefits from approximately 46 internal covers situated over ground and first floor with Al Fresco dining for approximately 10 on the first floor balcony and a further 22 at ground floor level, both of which have fine views over the estuary. The premises have recently been fully refurbished and re-equipped to provide a stunning restaurant and bar business, enjoying this 'Triple A' location.

French Doors And Large Panoramic Window Leading To;

Ground Floor Restaurant

With 28/30 covers at wooden topped tables with painted legs and a compliment of matching chairs. A light and airy room with a nautical theme, stylishly decorated with hanging pendant lights with a focal timber topped and tongue and groove painted bar severy. Carpeted.

Door to side. Internal swing door to;

Commercial Kitchen

With 6 ring gas range and oven, stainless steel work tops, full extraction, Blue Seal turbo fan oven, non slip flooring, commercial dishwasher and a range of other quality catering equipment.

Staircase to;

First Floor

Customer WC

With WC and wash hand basin.

Staff Changing Room

With WC, walk-in shower and wash hand basin. Tiled floor.

Store Room

Housing combi boiler, plumbing for washing machine, fridges and freezers, ice machine, shelving for dry goods and non-slip flooring.

Bar/Dining Area

An impressive vaulted room with stripped wood flooring with spectacular views over the river. Continued in same nautical theme with a number of timber tables and assorted stylish/rustic chairs together with 2 soft seating areas. 16 covers.

Corner Bar Servery

Sliding French Doors to;

First Floor Balcony

Outside seating area for approximately 10 with elevated views over the river.

Outside

Pavement Licence for Al Fresco dining for up to 22 covers (we have been informed that this is held on a separate agreement with the Local Authority at a rental of £3,000 per annum).

General Information

Rateable Value

£13,000. Please note this is not Rates Payable. Interested parties are advised to contact the Local Billing Authority, Cornwall Council.

Business

The Plough on the Quay, formerly known as Trawlers, is a fantastic bar and seafood restaurant with a great reputation, situated in the heart of Looe, right on the quayside. Its prime waterfront location lends itself to the nautical theme and the availability of some of the freshest seafood in the South West. The Plough on the Quay were finalist for Restaurant of the year with Taste of the West 2018 in its first season.

The business trades throughout the year with a significant uplift during the warmer months. During the Summer the business trades everyday with reduced hours (Wednesday to Sunday) during the Winter. As well as an enticing food menu with many locally caught daily seafood specials, The Plough on the Quay has a Cocktail menu on Friday and Saturday nights with an extensive list of gins, popular with those looking to enjoy the view, lunchtimes or evenings The business is currently run by the owner with the help of both kitchen and waiting staff. The sale of the Plough on the Quay would ideally suit an ‘owner operator’ couple with one in the kitchen and one front of house.

Further trading figures will be released to bone fide interested parties following a formal viewing arranged through the Sole Selling Agents Bettesworths.

Tenure

We have been informed that the lease is held on a 16 year lease held on Full Repairing and Insuring terms at a current rent of £29,650 pa with 3 yearly rent reviews.

Inventory

To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

Stock

Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Services

We have been advised the premises are connected to all mains services.

EPC Rating E

Name Of Business

Please note that our client may choose to retain the name of the business.

Map & Nearby

Local Amenities

  • Looe 0.4 miles
  • Sandplace 2.4 miles
  • Looe Primary School 0.5 miles
  • Looe Community Academy 0.8 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Looe 0.4 miles
  • Sandplace 2.4 miles
  • Looe Primary School 0.5 miles
  • Looe Community Academy 0.8 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Bettesworths. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bettesworths for full details and further information.