GENKI, QUAY ROAD, ST AGNES, TR5 0RP

• LICENSED SEASONAL COASTAL CAFE• C. 50 COVERS OVERALL• WELL EQUIPPED KITCHEN / PREPARATION• NEW RENEWABLE LEASE• IDEAL LIFESTYLE BUSINESS £50,000 LEASEHOLD

B37949

LOCATIONThe picturesque village of St Agnes is located onCornwall's north coast between the popular resortsof Perranporth and Newquay. The village isapproximately 9 miles from the City of Truro whichis the County's administrative and commercialcentre. The business is located on the road toTrevaunance Cove, a pretty beach which is verypopular and lifeguarded in the main season, makingit popular with families.

THE PROPERTYGenki operates from a compact principle buildingcomprising c. 260 sq ft (24 sq m), with a seatingarea, serving and preparation and washing up space.Internally there are c. 16 covers and externally anadditional c. 34 covers on several terraces to theside and rear which are a major boon to thebusiness, in a beautiful landscaped lightly woodedsetting.

THE BUSINESSWe understand the building and some form of abusiness on this site dates back to the 1970's, thebusiness has been in our clients tenure for the past 6years and is now being sold on a lease (with ourclient being the freeholder) due to family and otherbusiness commitments away from this sector. Thebusiness trades on a seasonal basis (Easter throughto October) and is principally run as a husband andwife team with part time assistance in the peaksummer months.

We are advised the turnover is in the region of£85,000, has a Gross Profit level of 70% and after allexpenses including the market rent, produces anadjusted net profit of c.£30,000 per annum, furtherAccounting information will be made available uponrequest. Please see our clients website :www.genkicornwall.co.uk

THE ACCOMMODATION COMPRISES(all areas and dimensions are approximate)

CAFE'4.75m x 2.6m. With two opening doors and windowsto the side elevation. Wooden floor, built in servingcounter and tables / chairs for c.16 covers.

KITCHEN / PREPARATION4.75m x 1.67m. Working area comprising 2 head 'Astoria ' bean to cup coffee machine (with separategrinder), shelving, till and chest freezer along withother commercial equipment.

WASH - UP / PREPARATION2.09m x 1.80m. Window to the front elevation,kitchen equipment and stainless steel washing upsink etc.

WCAccessed externally, staff and customer WC.

OUTSIDEA major aspect of the business is the externalseating set over several terraces and to the side ofthe property, at the entrance, with trestle tables andparasols / awnings. The land to the rear is lightlywooded and provides a beautiful backdrop withseveral defined eating areas to compliment theproperty.Parking for 3 vehicles.

TENUREOur clients will issue a new 7 Year Commercial Leasewhich will have the renewal provision uponexpiration under Sections 24 to 28 of the Landlordand Tenant Act 1954 i.e. meaning automaticallyrenewable at the tenants request. The initial passingrental is £10,000 pa with a rent review on the 4thyear anniversary and will be held on a Full Repairingand Insuring basis (subject to a Schedule ofCondition).

GENERAL INFORMATIONLOCAL AUTHORITYCornwall CouncilGeneral Enquiries 0300-1234-100Planning 0300-1234-151www.cornwall.gov.uk

ESTATES GAZETTE AwardedMILLER COMMERCIALCornwall’s Most Active Agent2011 - 2012 - 2013 - 2014 - 2015 - 2016

B37949

PLANS: PLANS: PLANS: PLANS: Plans and maps reproduced under Ordnance Survey Licence NoLIG1179. Not to scale and for identification of the property only. They are notintended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: AGENTS NOTE: AGENTS NOTE: AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s orlessor/s of this property give notice: [a][a][a][a] These particulars are for an intendingpurchaser or tenant and although they are believed to be correct theiraccuracy is not guaranteed and any error or misdescriptions shall not annulthe sale or be grounds on which compensation may be claimed and neitherdo they constitute any part of a Contract: [b][b][b][b] Any intending purchaser ortenant must satisfy him/herself by inspection or other wise as to thecorrectness of each of the statements contained in these particulars; [c] [c] [c] [c] Noresponsibility is taken for expenses incurred should the property be sold, letor withdrawn before inspection: [d] [d] [d] [d] None of the services or appliances,plumbing, heating or electrical installations have been tested by the sellingagent.

Miller Commercial is the trading name of Miller Commercial LLP registered inEngland and Wales under Registration No.OC373087. The Registered Officeof 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. VATRegistration No.643 4519 39.

VIEWING: VIEWING: VIEWING: VIEWING: Strictly by prior appointment through Miller Commercial.

ENERGY PERFORMANCE CERTIFICATENot required.

INVENTORYAn Inventory of all loose chattels and equipment,free of any lease/lien, to be included within the salewill be supplied by Miller Commercial prior toexchange of Contracts.

PREMISES LICENCEWe understand the business currently holds aPremises Licence in respect the sale of liquor forconsumption on the premises.

BUSINESS RATESWe refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/searchwhich shows that the current rateable value is £ . Tofind out how much business rates will be payablethere is a business rates estimator service via thewebsite.

SERVICESProspective owners should make their ownenquiries of the appropriate statutory undertakers:Western Power: 0845 601 2989South West Water: 0800 169 1144Transco: 0800 111 999

STOCKTo be taken at valuation on Completion.

VALUE ADDED TAXAll the above prices/rentals are quoted exclusive ofVAT, where applicable.

FINANCEIf you require advice regarding the Financing of aBusiness, at no initial cost, please contact us on thenumber below.

CONTACT INFORMATIONFor further information or an appointment to viewplease contact either:-Graham Timmins on 01872 247019 or via emailgt@miller-commercial.co.uk orPaul Collins on 01872 247029 or via emailpc@miller-commercial.co.uk orBeverley Northey on 01872 247031 or via emailbn@miller-commercial.co.uk