Miller Commercial

Tel: 01872 247 000

Fax: 01872 242 455

Email: all@miller-commercial.co.uk

Mansion House
Princes Street
Truro
TR1 2RF

The Mustard Tree, Carbis Bay, St Ives

£775,000 Sold (STC)

Guest house

A beautifully presented 9 bedroom coastal guesthouse situated in Carbis Bay as one enters St Ives.. With an elevated position the majority of the letting rooms have a coastal aspect. A particular feature of the Mustard Tree is the large car park (for 9 vehicles) and the beautiful mature gardens. With good sized and private owners accommodation, consistent turnover and very high levels of profitability. Viewing highly recommended.

 

IMPRESSIVE 9 BEDROOM COASTAL GUESTHOUSE
SEA VIEWS FROM THE MAJORITY OF THE ROOMS
SITTING IN EXTENSIVE & BEAUTIFUL GARDENS/GROUNDS
2 BEDROOM OWNERS ACCOMMODATION
LARGE CAR PARK (FOR 9 VEHICLES)
HIGH LEVELS OF TURNOVER & PROFITABILITY
EPC - B

LOCATION

The Mustard Tree occupies a prominent trading location as one enters Carbis Bay, on the outskirts of St Ives, with the parking access of a quiet residential road. St Ives requires little introduction as one of the County's if not the Country's foremost holiday destinations, famous for its pretty harbour, numerous beaches, the Tate at St Ives and of course numerous shops and restaurants etc.

The Mustard Tree enjoys visibility from the St Ives Road and yet is situated in an elevated and quiet residential road. Given its elevated position, many of the rooms are afforded far reaching coastal views.

THE PROPERTY/BUSINESS

We understand the property dates back to the 1960s when it was purpose built as a guest house. The property sits centrally within mature and well planted gardens and grounds of circa 0.25 to 0.33 of an acre (to be independently verified by interested parties).

The property is presented in excellent order and has been subject to considerable updating and improvement by our clients, during their 12 year tenure.

The business trades all year, with the exception of holidays and is now being sold due to impending retirement plans. We understand the business has very high levels of repeat business from returning customers (in the order of circa 60%) and is run by our clients, with some part-time assistance between April and September, equating to 16 hours per week.

In terms of the trade, the turnover for the year end March 2016 was in excess of £100,000, with a gross profit level of circa 88.7% and which produced an adjusted net profit of in excess of £70,000, which is obviously a significant business. At the time of writing a draft for 2017 is being finalised. Further accounting info9rmation will be made available subsequent to a viewing appointment in the normal manner. For further information regarding our clients business please see their website, www.mustard-tree.co.uk.

THE ACCOMMODATION COMPRISES

(all areas and dimensions are approximate)

Covered entrance porch leading to:-

HALLWAY

A generous introduction to the property with doors leading off to guest dining room, letting bedrooms and owners accommodation.

DINING ROOM

7.82m x 4.97m (maximum) reducing to 3.64m (minimum). An L shaped room with tables and chairs for 22 covers, 3 windows to side elevations taking in garden views. Through to:-

GUEST LOUNGE

8.15m x 4.32m. A generous room with windows to the front and side elevations, overlooking the gardens. With a bi-fold door system, this room can be sub-divided and provide ample space for guests and occasional use by the owners. Fitted gas fire.

SCHEDULE OF LETTING ACCOMMODATION

GROUND FLOOR

BEDROOM 1

Double, window to rear elevation with sea views, built-in wardrobe, en-suite shower.

BEDROOM 2

Single, window to rear elevation with sea views, built-in wardrobe. Vanity unit.

N.B. This room has its own separate shower, with low level wc and pedestal wash hand basin.

BEDROOM 3

Double, two windows to the side and rear elevations, with sea views. En-suite shower.

BEDROOM 4

Twin, window to the side elevation, with views to the garden. En-suite shower.

FIRST FLOOR

Stairs ascending to the first floor. Large landing with study area, storage in the eaves, separate linen cupboard. Velux window to the side elevation.

BEDROOM 5

Family room, an extremely impressive room with Velux window to the front and dormer window to the rear elevation with sea views. Storage within the eaves. En-suite shower.

BEDROOM 6

Double, window to rear elevation with sea views, built-in wardrobe, en-suite shower.

BEDROOM 7

Double, window to the side elevation, built-in wardrobe, en-suite shower. This room overlooks a roof terrace, which it is considered could be accessed via an internal door from this room.

BEDROOM 8

Double, window to side elevation with expansive sea views, built-in wardrobe, en-suite shower.

BEDROOM 9

Twin, window to the front elevation overlooking the garden, bath with shower attachment over, built-in wardrobe.

FURTHER PHOTOGRAPHS

NB - Further photographs of some of the letting bedrooms are available upon request.

OWNERS ACCOMMODATION

With external side access or accessed internally, hallway through to:-

LAUNDRY/UTILITY

2.87m x 1.85m, window to the rear elevation, Whirlpool washing machine and Whirlpool tumble dryer. Wall mounted boiler.

HALLWAY

Leading to bedrooms, storage cupboard.

BEDROOM 1

3.09m x 2.84m, window to side elevation, en-suite shower, built-in wardrobe.

BEDROOM 2

(Currently used as a bedroom and lounge room) 4.76m x 4.12m, window to rear elevation with sea views. Built-in wardrobe, which we understand has plumbing and water connected to create a small kitchenette. En-suite shower.

LOBBY / KITCHEN

5.65m x 3.88m, two windows to the side elevation, with matching base and wall units, 6 ring gas cooker, with double oven and extraction system. Upright Gram Fridge and Freezer.

CONSERVATORY

4.76m x 3.07m, with 2 sets of doors leading to garden and patio areas.

FURTHER PHOTOGRAPHS

NB - Further photographs of some of the owners accommodation are available upon request.

OUTSIDE

To the rear of the property is parking for up to 9 vehicles. We understand the overall site extends to approximately 1/4 to a 1/3rd of an acre, (to be independently confirmed by interested parties) and a key feature of the property is the beautifully planted gardens to the front, which has dry stone walling on two sides, front gate to St Ives Road, a seating area, mature shrubs and planting around the central lawned area.

TENURE

Freehold

DIRECTIONS

As one enters Carbis Bay, take a right hand turn into Richmond Way and continue down this road, bearing left at the bottom, continue until a sign for a No Through road, take the left turn and The Mustard Tree is found on the right hand side.

GENERAL INFORMATION

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

ENERGY PERFORMANCE CERTIFICATE

Energy Asset Rating - B

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.

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.

SUPERFAST BROADBAND

We understand from our clients that Superfast Broadband is available at the property.

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 INFORMATION

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
Beverley 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.

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