Restaurant/cafe for sale in Kinn Asia, 27, Arwenack Street, Falmouth TR11

Guide price £45,000
Restaurant/cafe for sale
Interested in this property? Call +44 1872 395926 * or Request Details

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Property features

  • Restaurant & bar
  • Prime high street location
  • Popular coastal resort
  • Assignment of existing lease
  • Viewing highly recommended
  • EPC: D87

Property description

An opportunity to acquire a leasehold catering business in a prime trading position within the thriving Town of Falmouth. The business is currently trading as a Thai/Asian fusion restaurant but the premises may equally suit other food genres.

Situation

Kinn Asia is situated on Arwenack Street in the cosmopolitan Harbourside town of Falmouth and is close to a number of niche and national retailers, the National Maritime Museum and The Events Square which regularly hosts music and food festivals. Falmouth requires little introduction as one of the County's foremost tourist destinations given its picturesque harbour, glorious beaches and the aforementioned attractions.

The Property/Business

Kinn Asia has an attractive wide frontage onto Arwenack Street with a bar/servery, a ground floor seating area with tables and chairs for approximately 26 covers, a further seating area providing an additional 30 covers. Our client runs the business with the assistance of several part time staff, accounting information will be made available subject to a viewing appointment in the usual manner.

The Accommodation Comprises

(all areas and dimensions are approximate)

Bar/Restaurant Area

9.26m x 4.07m. An attractive introduction to the property with tiled flooring, 2 windows and a door to the front elevation, tables and chairs for approximately 30 covers. Fitted wooden bar/servery with shelving, coffee machine, coffee grinder, sink and drainer, bottle fridge and wine fridge. Flight of steps to:-

Rear/Restaurant Area

9.94m x 3.14m. Tables and chairs for approximately 24 covers and a feature fireplace.

Ladies & Gents Wc's

Kitchen/Preparation Area

Wash up area 3.56m x 2.52m. Commercial non-slip flooring, door to rear elevation, stainless steel sink and dishwasher.

Commercial Kitchen

5.03m x 3.78m. A well equipped commercial kitchen comprising in brief a 6 burner gas oven with extraction canopy above. Double griddle, 2 door pizza oven, double fryer, stainless steel work tables, counter fridges.

Staff Area/Store Room

3.79m x 2.56m. Cupboard space for staff clothing and a selection of freestanding fridges and freezers.

Tenure - Leasehold

The premises are available by way of an assignment of the existing Lease which commenced in April 201 for an initial period of 12 years, at a current passing rental of £14,880 per annum which is subject to 3 yearly rent reviews on internal repairing and insuring basis. We are advised the Lease has the automatic right to renew under Sections 24 to 28 of the Landlord and Tenant Act 1954.

General Information

Local authority
Cornwall Council
General Enquiries Planning

Energy Performance Certificate

The Energy Performance Rating for this property is within Band D87.

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 a premises licence in respect the sale of liquor for consumption on the premises.

Business Rates

We refer you to the government website

Services

Services
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: South West Water: Transco:

Stock

To be taken at valuation.

Value Added Tax

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

Contact Information

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

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Miller Commercial, TR1 on +44 1872 395926 * (local rate)

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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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