Restaurant
The Old Grammar School, 19 St. Marys Street, Truro, Cornwall, TR1 2AF
- Truro
- £125,000
- 918 - 1,295 Sq Ft
Property Features
- THRIVING RESTAURANT BUSINESS FOR SALE
- CENTRALLY LOCATED ADJACENT TO CATHEDRAL
- ANNUAL RENT £22,500
- PLUS STOCK AT VALUATION
- ENERGY PERFORMANCE RATING (TBC)
Property Summary
A once in lifetime opportunity to purchase a thriving restaurant & bar business with a good reputation and local following. Situated in the heart of Truro, The Old Grammar School is well known for its fresh homemade lunches and evening tapas. Also its fantastic cocktails served late into the night.
Full Details
Accomodation
Gross Internal Area - 108.4sqm (1,167sqft)
Patio - 35.0sqm (377sqft)
Main Bar Area - 54.4sqm (585sqft)
Bar/ Kitchen - 27.9sqm (300sqft)
Cellar - 3.0sqm (32sqft)
Net Internal Area - 85.3sqm (918sqft)
Net Internal Area with Patio - 120.0sqm (1,295sqft)
Website
http://www.theoldgrammarschool.com/
www.theoldgrammarschool.com
The Business
The business operates 6 days a week from 10am until late and is currently fully staffed, so there is potential for increased profits with a family run team.
The annual turnover is around £600,000pa representing a Gross Profit of circa £350,000. The operation is 60% wet led and the abridged annual profit averages £35,000.
More detailed accounts are available upon request to qualified applicants further to a viewing.
Lease Terms
The premises is available by way of the assignment of the existing 25-Year lease which expires 2032. The passing rent is £22,500pa and there are 5-Yearly rent reviews, the next one being 2017 (the commencing rent was £20,000pa).
Viewing
Interested parties are encouraged to inspect a s customer in the first instance. If a more formal appointment or meeting with the client is required this is to be arranged via Redgrave Commercial.
More Information
- Make Enquiry
- Call 07866 584118