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.
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;
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.
With WC and wash hand basin.
With WC, walk-in shower and wash hand basin. Tiled floor.
Housing combi boiler, plumbing for washing machine, fridges and freezers, ice machine, shelving for dry goods and non-slip flooring.
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.
Sliding French Doors to;
Outside seating area for approximately 10 with elevated views over the river.
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).
£13,000. Please note this is not Rates Payable. Interested parties are advised to contact the Local Billing Authority, Cornwall Council.
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.
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.
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.
We have been advised the premises are connected to all mains services.
Please note that our client may choose to retain the name of the business.