Pub/bar for sale in Launcells, Bude EX23

£19,950
Interested in this property? Call +44 1872 395926 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Prominent freehouse/takeaway
  • New free of tie lease
  • Well equipped & presented
  • Adjacent to well known holiday park
  • EPC (G)

Property description

New free of tie lease for this Freehouse, restaurant and takeaway adjacent to a holiday park between Bude and Holsworthy. Very well equipped and ready to trade.

Location

The Red Post Inn and Takeaway is situated on the junction of the A3072 and the B3254 between Bude and Holsworthy on the edge of the Cornwall and Devon border. The nearest town being Bude, is regarded as one of Cornwall's foremost holiday destinations, famous for its miles of sandy surfing beaches at Widemouth Bay, Crooklets and Summerleaze.

Also, this is an ideal location to explore the North Devon coast, Dartmoor and the villages around West Devon, as a consequence, there are a number of holiday parks and serviced accommodation in the area making this a popular holiday destination.

The Red Post Inn and Takeaway is situated adjacent to a holiday park, which principally operates on a seasonal basis and as a consequence the Red Post Inn and Takeaway achieves a seasonal uplift. Given its location on this intersection, we are advised the Takeaway element of the business have proven to be very popular.

The Property/Business

The Red Post Inn comprises a single storey property which has a well equipped commercial kitchen, with direct access to the takeaway element and the bar/restaurant has its own entrance and is set up for circa 48 covers. To the rear of the Red Post Inn is an open area for further dining.

The Red Post Inn has been in our clients tenure for the past circa five and a half years and in terms of the trade, we understand the restaurant accounted for circa 70% of the turnover with the remainder being the takeaway element.

The business is to be offered with the benefit of a new 7 year lease on a full repairing and insuring basis at an initial passing rental of £12,500 per annum.

Description

Glazed entrance porch with tiled flooring, door to main bar and opening to takeaway service counter with bottle fridge, electronic cash register and serving hatch to car park.

Bar

5m x 4.21m. With carvery unit, tables and chairs for 4 covers, bar stools, door to rear courtyard, slate flagged flooring.

Bar/Servery

With triple bottle fridge, coffee machine, epos till system and upright wine fridge.

Restaurant

9.93m x 4.6m. Dual aspect room with wood burning stove, feature fireplace, tables and chairs for approximately 48 covers, bar service point, doorway to

Ladies And Gents Wc's

Both with disabled friendly cubicles.

Kitchen

4.88m x 4m. Comprehensively equipped kitchen comprising in brief two counter fridges, hot plate, 6 ring gas oven, Ace griddle, four table top fryers, convection oven, two microwaves.

Wash Up Area

With twin stainless sink and drainer, commercial dishwasher.

Rear Porch

Giving access for deliveries with washing machine.

Store Room

4.57m x 3.18m. Situated off of the kitchen comprising a range of shelving, chest freezer, one large upright stainless steel double fridge, one large upright double stainless steel freezer.

Outside

The Red Post Inn enjoys parking to the front elevation with additional overflow parking under License. To the rear of the property is an enclosed courtyard with picnic benches, a covered smoking area, covered bin store. We are advised that the customers of the Red Post Inn can make use of a further area of outside seating beyond the courtyard this is also to include use of the children's play area owned by the adjoining holiday park.

Tenure - Leasehold

New 7 year lease which will enjoy the Security of Tenure Provision of the Landlord and Tenant Act (i.E. Automatically renewable) with an initial passing rental of £12,500 per annum, with a rent review on the fourth anniversary on a full repairing and insuring basis.

General Information

Local Authority

Cornwall Council
General Enquiries Planning

Energy Performance Certificate

The Energy Performance Rating for this property is within Band G.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence

We understand the business currently holds the relevant Premises Licence in respect of the sale of intoxicating liquor on the premises.

Business Rates

We refer you to the government website .

Stock

To be taken at valuation.

Superfast Broadband

For more information on whether the premises are capable of benefitting from the new high speed fibre-based broadband connection visit .

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Details

For further information or an appointment to view please contact either:-

Graham Timmins on or via email or
Paul Collins on or via email or
Beverly Northey on or via email

Plans: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

Agents note: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial llp registered in England and Wales under Registration No.OC373087. The Registered Office of 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. VAT Registration No.

viewing: Strictly by prior appointment through Miller Commercial.

Property info

Nearby transport

  • Okehampton (21.4 miles)
  • Sampford Courtenay (23.3 miles)
  • Chapelton (Devon) (23.6 miles)
  • Exeter International Airport (46.4 miles)
  • Cardiff Airport (63.0 miles)
  • Bristol Airport (85.3 miles)
  • Bideford Ferry Landing (17.9 miles)
  • Appledore Ferry Landing (20.1 miles)
  • Instow Ferry Landing (20.2 miles)

Nearby schools

View all schools in Cornwall
  • Bridgerule Church of England Primary School (1.6 miles)
  • Stratton Primary School (2.5 miles)
  • Marhamchurch CofE VC Primary School (2.7 miles)
  • Petroc (24.6 miles)
  • UTC Plymouth (33.1 miles)
  • City College Plymouth (33.5 miles)
  • Budehaven Community School (3.1 miles)
  • Highgate Hill House School (4.0 miles)
  • Holsworthy Community College (4.9 miles)
Note: Distance is shown as a straight line measurement

Local info for Cornwall

About the neighbours in EX23

For more information about this property, please contact
Miller Commercial, TR1 on +44 1872 395926 * (local rate)

Contact Miller Commercial about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Miller Commercial, and do not constitute property particulars. Please contact Miller Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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