|
RESTAURANT PREMISES FOR SALE - EASTERN PROMISE RESTAURANT, FORE STREET, GRAMPOUND
£400,000 is sought for the freehold interest. |
Fully equipped Chinese restaurant with first floor residential accommodation together with private parking. Possible residential development potential,
subject to planning.
LOCATION:
Grampound is located on the busy A390 Truro to St Austell main road and is a popular village with a limited number of shops, public house and County Primary School. The village lies midway between Truro and St Austell, both of which are busy market towns.
SITUATION:
The property occupies a prominent corner position at the junction of Mill Lane and Fore Street, towards the western end of the village. The village primary school lies opposite whilst the neighbouring properties are mainly in residential use. Mill Lane is a relatively exclusive residential area with a number of large detached houses.
DESCRIPTION:
The property comprises an end of terrace two storey building with licenced restaurant and kitchen at ground floor level and owner’s living accommodation above. A large service yard and customer parking lies adjacent to the building and further customer parking lies on the opposite side of Mill Lane. The ground floor restaurant comprises a central reception and bar area leading to a restaurant and function room and has a capacity of in excess of 60 covers. Stairs from the main ground floor hallway provide access to the first floor living accommodation which comprises 6 rooms, presently all used as bedrooms, along with an ancillary bathroom and utility room.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Reception/bar 28.95m² (312 ft²)
Front dining area 35.20m² (379 ft²)
Function room 27.7m² (299 ft²)
Kitchen 11.70m² (126 ft²)
Three ancillary stores totaling 26.80m² (288 ft²)
First Floor
Lounge 22.44m² (241 ft²)
Bedroom 1 14.08m² (152 ft²)
Bedroom 2 6.60m² ( 71 ft²)
Bedroom 3 11.76m² (127 ft²)
Bedroom 4 7.04m² ( 76 ft²)
Bedroom 5 5.88m² ( 63 ft²)
Utility room 4.00m² ( 43 ft²)
Bathroom
Separate WC
PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent. The property was first granted consent for use as a restaurant in 1985 with the function room being converted in 1989. The property lies adjacent to a Grade II listed building and lies within the Grampound Conservation Area.
Potential may exist for the building and adjoining car parking area to be developed for residential use, subject to planning and interested parties should make their own enquiries with the local Planning Authority.
SALE PRICE:
£400,000 is sought for the freehold interest.
SERVICES:
We understand that the property is connected to metered mains water, mains drainage, mains gas and mains electricity. The property benefits from a full gas central heating system with radiators in the majority of rooms.
TERMS:
Vacant possession can be provided on completion.
BUSINESS RATES:
The ground floor restaurant and premises have a rateable value of £8,300 (2017 list).
The first floor flat is assessed for Council Tax purposes as lying within Band B.
VAT:
We understand the property is not registered for VAT.
LEGAL COSTS:
Each party to be responsible for their own respective legal costs incurred in the transaction.
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.
VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216. Contact Stuart Sly or Jo Counter.
ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 65 (Band C)
Certificate Reference Number: 9452-3013-0978-0900-8705
Report Reference Number: 0840-0947-5989-2103-7006
|
