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Leasehold Bar/Restaurant Located In Polperro For Lease

Polperro, Cornwall, UK
Asking Price:
£34,950 Furniture / Fixtures included
Turnover:
£80,000
Net Profit:
Available on request

Leasehold Bar & Restaurant Located In Polperro. Free of Tie and come with three bedroom accommodation above.

Veritas Business Sales are delighted to offer for sale this delightful Bar & Restaurant which is located in the stunning village of Polperro, Cornwall. The property dates back to circa 1780 and has been in the careful hands of our clients since 2017 and is now being offered for sale so they can enjoy a well deserved retirement.
Since ownership they have redecorated and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Buccaneer is owner operated with the help of 2 part time members of staff during summer months and has an annual turnover of in excess of £80,000. The Bar & Restaurant has struggled during COVID due to staff problems. We believe that there is still further potential to increase trade should you wish, by making use of the double pizza oven for takeaways during the summer months. This is a superb opportunity to purchase an amazing and unique lifestyle business which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

New 10 year lease available
Rent: £18,000 pa
Rates: Zero

Leasehold Rent:

£18,000 per annum

Living Accommodation:

Owners 3 bedroom apartment
First Floor
Bedroom 1 (3.0m x 3.1m) double
Bathroom (2.5m x 1.6m)
Kitchen (4.0 x 4.1m)
Lounge (4.3m x 4.5m)
Second Floor
Bedroom 2 (3.0 x 2.4m)
Bedroom 3 (3.5m x 2.7m)

Location:

This delightful Bar & Restaurant stands within a prominent and highly visible trading position on the main street in the unspoilt fishing village of Polperro. The area is a restricted traffic zone, situated in an (Area of Outstanding Natural Beauty), located on the South East coast of Cornwall which provides peace and tranquillity for all guests. A noted tourist destination particularly in the summer months for its idyllic appearance, delightful harbour, beautiful beaches, fantastic costal walks, complimentary niche independent retailers, art galleries, delicious seafood and tightly packed ancient fisherman houses. The river Pol runs through the village which is situated 7 miles east of Fowey, 4 miles west of neighbouring town Looe and 25 miles from the city of Plymouth.

Premises Details:

Ground Floor
Entrance (1.5m x 1.5m)
Bar/Restaurant (7.25m x 6.9m) comprising: 6 dining tables & chairs with covers for (24), 3 coffee tables, 3 arm chairs and 2 leather look settees.
Bar (2.2m x 3.7m) comprising: 2 bar stools, till, under cover drinks fridge (Interlevin), white undercounter fridge, wine fridge (Baumatic), drinks mixer (Bosch), wash basin and various shelves.
W/C with wash basin
Kitchen (2.5m x 4.8m) comprising: dual pizza oven (Lincat), hot plate (Buffalo), oven (Blue Seal), dual fryer (Lincat), stainless steel table, grill (Buffalo), microwave (Cookworks), microwave (Babantia), sink with drainer, under counter fridge (Bush), under counter freezer (Swan), stainless steel prep table and wash basin.
Pot Wash & Prep Area (2.7m x 3.2m) comprising: toaster, kettle, wash basin, dual sink with drainer, upright fridge (Indesit), under counter freezer (Ice King), stainless steel prep table and various shelves.
Store Room 1 (1.5m x 3.5m) with upright fridge freezer (Candy), upright fridge (Zanussi), chest freezer and box freezer (Eurocold).
Store Room 2 with various shelves
Owners 3 bedroom apartment

Business Operation

Reasons for selling:

Retirement

Years established:
1780

Other Information

Inventory / Stock value:
£1,000

Contact Veritas Business Sales

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