An exciting opportunity to acquire a Cafe in the Historic town of Penryn which has enjoyed significant regeneration in recent years. The business offers huge potential to new owners with our client currently only trading on part time hours owing to their other commitments. The business is being offered for sale fully equipped and would be an ideal first business venture.
Stargazy Cafe is situated within the historic town of Penryn close to the cosmopolitan harbourside town of Falmouth. Penryn has seen significant investment in recent years owing to the rapid expansion of the Tremough Campus which provides accomodation and facilities to both Falmouth & Exeter Universities with the Falmouth & Penryn now playing host to in excess of 6,000 students. Penryn has numerous shoppers car parks, a range of independent shops and benefits from a station on the Falmouth to Truro branch line.
Stargazy Cafe comprises the ground floor of this prominent period building and has been in our client's tenure for approximately 3 ½ Years. The premises are well presented throughout with a pleasant customer seating area and a well equipped commercial kitchen.
Our clients are currently trading the business on restricted trading hours of Thursday, Friday and Saturdays with service from 11am to 3pm and 7pm to 10pm thus offering tremendous scope for growth for a new operator.
The accounts for the year ending 5th April 2019 show sales of £71,782.79, full accounting information will be made available subject to a viewing appointment in the usual manner.
(all areas and dimensions are approximate)
4.23m x 4.26m. With a range of fixed and free standing seating providing circa 22 covers, large picture window onto Lower Market Street. Door to wc comprising toilet with hand wash basin and wall mounted heater.
Comprising, double bottle fridge, Fracino coffee machine, coffee grinder, electronic cash register, display shelving and hand wash basin.
3.24m x 3.15m. Comprising in brief, freezer, dishwasher, double counter fridge, 1 ½ bowl sink and drainer, stainless steel tables, 2 under counter fridges, microwave, griddle, Berco electric oven and a sash window to the rear elevation affording views across Penryn.
The premises are being made available by way of an assignment of the existing 10 year lease which commenced on the 1st July 2016 at a passing rental of £9631.10 per annum. In addition the tenant currently pays £120 per calendar month as their contribution towards the utility bills.
General Enquiries Planning
The Energy Performance Rating for this property is C71.
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.
We understand the business currently holds a premises licence in respect the sale of liquor for consumption on and off the premises.
We refer you to the government website
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: South West Water: Transco:
To be taken at valuation.
All the above prices/rentals are quoted exclusive of VAT, where applicable.
For further information or an appointment to view please contact either:-
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.