IMMACUATELY PRESENTED RESTAURANT AND TEA GARDEN WITH FIRST AND SECOND FLOOR MAISONETTE - Tintagel - Cornwall

LOCATION:
Tintagel is located on the north coast of Cornwall between the villages of Boscastle to the north and Port Isaac to the south. The village and nearby ruins of Tintagel Castle are associated with the legend of King Arthur and The Knights of The Round Table which attract visitors from across the world. Other notable landmarks include The Old Post Office which dates from the 14th century and is now a Grade 1 listed building owned by the National Trust. The former vicarage which was originally built in the early 17th century, King Arthur’s Hall and the newly constructed Tintagel Castle Bridge linking the medieval ruin and bring a swathe of new visitors to the village. The parish has a resident population of 1,782 (2001 Census) but this increases considerably during the holiday season due to the influx of tourists. The village centre has a Boots Chemist, several pubs and hotels and a selection of small independent shops.

SITUATION:
The property is situated in an excellent location directly opposite the path to the highly popular tourist attraction the Tintagel Castle on Atlantic Road. The Castle Car Park is directly opposite along with the Tintagel Toy Museum next door. Running along side the Castle Car Park is the pedestrian access to the Castle’s new steel footbridge, completed in August 2019, bringing a significant increased footfall to the vicinity.

DESCRIPTION:
The property comprises of a freehold fully licenced restaurant with a very large tea garden space at the rear and a large four double bedroomed flat above the premises and car parking to the rear. The property is currently a well-established business serving light lunches and cream teas. Whilst the current business closes at 5-6pm the premises is fully licenced until 11pm. The restaurant is comprised of a large open planned seating area in excellent decorative condition with character window frontage. The restaurant has 50 covers inside, an additional 12 on the front patio and 100 in the large tea garden at the rear. The kitchen is located to the rear of the restaurant with a store room beside this. There is an additional preparation area with cold stores 7m x 4.7m at the rear which can be made available if required. The flat is accessed either from within the restaurant premises or by a separate entrance door at the front. The flat comprises of an opened planned lounge/kitchen/diner, four double bedrooms and three bathrooms. The flat is in excellent decorative condition throughout. To the rear of the property there is an enclosed outside seating area comprising sheltered patio and seating for approximately 16 covers with an additional large enclosed lawned sun trapped tea garden with up to 70 covers. To the front of the property is additional seating, with canopy cover for up to 20 covers making the property a very versatile all-weather restaurant.

ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Café Sales/Seating 7.5m x 9.20m 69m² (742 ft²)
Kitchen 6.13m x 4.0m 24.52m² (264 ft²)
Store 2.4m x 1.8 m 4.32m² (46 ft²)

(Potential additional preparation area)
4.7m x 7.0 m 32.9m² (354 ft²)

First Floor
Bedroom 1 3.6m x 3.6m
Bedroom 2 3.8m x 2.8m
Kitchen/Diner 7.6m x 3.6m
2 bathrooms

Second Floor
Bedroom 3 2.9m x 4.2m
Bedroom 4 3.4m x 5.0m
Shower room

PURCHASE PRICE:
Offers are sought in excess of £800,000.

LEASEHOLD:
The property is available on a new full repairing and insuring flexible term lease at a rent in the region of £50,000 per annum.

PREMIUM:
Offers are sought for the lease in the sum of £100,000 (One Hundred Thousand Pounds) to include all furniture, equipment, fixtures and fittings.

SERVICES:
We understand that the property is connected to mains electricity and water and drainage.

BUSINESS RATES:
Rateable Value £16,750 (2017 List) (needs to be reassessed when property divided)

For further information regarding rates payable and eligibility for small business relief contact Cornwall Council - Tel: 0300 1234100

VAT:
Any figures quoted are exclusive of VAT where applicable.

COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease.

MONEY LAUNDERING REGULATIONS:
In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients that are conducting property transactions through the Company.

ENERGY EFFICIENCY RATING:

Tea Room and Garden
Energy Performance Asset Rating of 65 (Band C)

Certificate Reference No: 0291-0630-8732-6509-8006
Report Reference No: 0090-9278-0430-8251-6060

Flat 1
Energy Efficiency Rating of 47 (Band E)
Reference No: 8620-7129-6550-8952-9202

Flat 2
Energy Efficiency Rating of 30 (Band F)
Remedial works are currently being carried out and a new EPC will be provided on completion.
Reference No: 8908-7126-5922-5507-9903