Miller Commercial

Tel: 01872 247 000

Fax: 01872 242 455

Email: all@miller-commercial.co.uk

Mansion House
Princes Street
Truro
TR1 2RF

Fodders Espresso Bar And Restaurant, Tinners Court, Truro, Cornwall

£79,950

Catering

  • ESTABLISHED ESPRESSO BAR & LICENSED DAYTIME RESTAURANT 98 COVERS
  • WELL PRESENTED & EQUIPPED
  • ADDITIONAL COURTYARD SEATING 30 COVERS
  • EPC (C)

A well presented Espresso bar and licensed daytime restaurant in the heart of the cathedral city of Truro with 98 covers and courtyard seating for a further 30.
The business benefits from a very well equipped commercial kitchen, preparation room, store room and office and is highly regarded for it's freshly prepared, home cooked food.

LOCATION

Expresso Coffee Bar and Fodders Restaurant occupies an attractive period premises in Tinners Court, which is situated between Lemon Quay and Princes Street in the centre of the busy Cathedral City of Truro.

As the main administrative and commercial centre in Cornwall, Truro has seen significant commercial and retail investment in recent years making it a thriving and vibrant City. The continuing residential development in and around the City, together with plans for a new Stadium and expansive development just to the west, meaning the area will see increased growth certainly for the foreseeable future.

THE PROPERTY

The business comprises a light and airy Espresso Bar on the ground floor with circa 34 covers and preparation room, to the front of which is a courtyard area with seating for a further 30 patrons. To the first floor is a licenced daytime restaurant for circa 64 diners, well equipped commercial kitchen, store room and office.

THE BUSINESS

The restaurant has been our clients tenure for over 20 years however the Expresso Bar was established more recently, in 2009, as a complimentary extension to the business. Trading from 8.30am to 5pm Monday to Saturday, the business is highly regarded for its home cooked food, with everything freshly prepared on the premises daily.

Trading Accounts for the year ending 30th September 2015 show sales of £162,116, (a 7% increase on the previous year), with an impressive gross profit margin of 79%. Further accounting information will be made available to interested parties following a viewing in the normal manner.

THE ACCOMMODATION COMPRISES

(all areas and dimensions are approximate)

EXPRESSO COFFEE BAR

MAIN SEATING AREA
7.033m x 6.832m. A light and spacious coffee shop with a mix of built in and free standing tables and chairs offering circa 34 covers. Hand built feature wooden servery with display shelf and glass fronted counter top display chiller. Astoria coffee machine, Fracino coffee grinder, Brewmatic water still, electronic till. To one elevation is a large feature window overlooking the Pannier Market. Understairs storage cupboard, access to:-

PREPARATION ROOM

5.013m (at the widest point) x 2.718m. Stainless steel single sink drainer, 3 stainless steel work benches with shelving below. Sherwood stainless steel dishwasher, free standing aluminium shelving units, Maestrowave panini machine, Buffalo double panini machine, Whirlpool chest freezer, upright Liebherr fridge, wipe clean walls, lino floor, double doors giving access to the courtyard.

COURTYARD AREA

Tables and chairs providing approximately 30 covers.

FODDERS RESTAURANT

Access via a staircase from the courtyard. Entrance lobby with doors to:-

LADIES WC

Wc, pedestal wash hand basin, window to front elevation.

GENTS WC

Wc, pedestal wash hand basin.

MAIN RESTAURANT AREA

10.25m x 6.37m. A well-presented restaurant with feature stone walls and exposed A frame beams and 4 low level windows overlooking the courtyard. Eclectic mix of tables and chairs providing 60 covers. Hand built wooden servery with shelving below. Large glass fronted display chiller, Magrini Astoria coffee machine, coffee grinder. Access from servery to:-

COMMERCIAL KITCHEN

4.449m x 4.340m. Tristar 6 burner gas range with extraction vent over. Wall mounted Blue Seal grill, 2 stainless steel sink drainers, 4 stainless steel work benches with shelving below, wall mounted hand sink, upright stainless steel True fridge, upright Mondial Elite freezer, upright Liebber fridge, stainless steel dish washer, Bush washing machine, commercial non-slip floor, wipe clean walls, access to:-

STORE ROOM

4.233m x 2.183m. Large chest freezer, free standing aluminium shelving units, wipe clean walls, lino floor, door to:-

OFFICE

2.190m x 2.642m, desk, window to front elevation.

TENURE

LEASEHOLD

EXPRESSO COFFEE BAR

Offered on the basis of the assignment of the existing Lease which commenced 26th June 2012 for a term of 12 years at a passing rental of £17,000 a year subject to 4 yearly rent reviews.

FODDERS RESTAURANT

Offered on the basis of the assignment of the existing Lease which commenced 13th December 1985 for a term of 52 years at a current passing rental of £9,250 per annum, subject to 4 yearly rent reviews.

GENERAL INFORMATION

LOCAL AUTHORITY

Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

ENERGY PERFORMANCE CERTIFICATE

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

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 are advised that Fodders Restaurant currently holds the relevant Premises Licence for the sale of intoxicating liquor with food.

BUSINESS RATES

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.

SERVICES

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

STOCK

To be taken at valuation

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 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverly Northey on 01872 247031 or via email bn@miller-commercial.co.uk

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.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

Energy Efficiency and Environmental Impact

Energy & Environmental Performance Report

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