Detached Restaurant & Guest House Located In Mevagissey
Freehold & Part Leasehold Owners Apartment With Views Of The Harbour
Ref 2353

Location
This stunning Restaurant & Guest House is located within a prominent and highly visible trading position in the stunning Cornish village of Mevagissey. The village has a number of complementary independent retailers and enjoys a high levels footfall and tourism especially in summer months. Mevagissey is a picturesque working fishing harbour with a population of circa (2,015) situated 5 miles south of St Austell.

Asking Price: £599,950 plus SAV (£5,000)

Guest house
Freehold

Bar/Restaurant
Leasehold
Original term: 20 years
Remaining : 19 ½ years
Rent: £20,000 pa
Reviewed: 3 years
Business rates: £8,000 pa

Business Description
Veritas Business Sales are delighted to offer for sale this stunning Freehold & Part Leasehold Commercial Property consisting of a two storey restaurant with guest house which is located in the seaside village of Mevagissey. The property has been trading as a restaurant for many years and as a guest house for over 15 years. The business has been in the careful hands of our clients for the past 2 years and is now being offered for sale due to other business commitments and re-location. Since ownership they have refurbished, redecorated and continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Wheel House consists of a two storey restaurant (Leasehold) with a fantastic reputation for serving fresh fish and local produce and a guest house (Freehold) with 3 double bedrooms with en-suite facilities. The Wheel House is very much owner operated and employs the help of 1 full time and 1 part time members of staff as well as seasonal staff and has an annual turnover of £511,181 net of vat. The business benefits from an enormous influx of tourists during the season and remains busy with the locals off-season. The business also enjoys the only outside eating area in Mevagissey. We believe that there is still further potential to increase trade. The owners accommodation has the opportunity for a further 5 en-suite guest bedrooms & office. This is a superb and rare opportunity to purchase an amazing property which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Hours
Summer
Monday – Sunday 8.30am – 9.00pm

Ground Floor
Main Restaurant (7.4m x 6.9m) comprising: 9 tables with covers for (30), menu boards, various pictures, cake/dessert chiller cabinet, wall mounted mirror, bar serving counter, 2 under counter drinks fridges(Gamko), ice making machine (Newscam), glass washer (Kasrel), hot water dispenser (Instante), 2 tills (Epos), expresso coffee machine, coffee grinder and various shelves.
Gun Deck Restaurant (7.0m x 4.2m) comprising: 7 tables with covers for (26), various pictures and 2 large wall mounted mirrors, 2 storage cupboards and a porch with access to the outside eating area.

Kitchen (6.4m x 4.4m) comprising: dual commercial sink with drainer, box freezer, Microwave, wash basin, pot washer (Electrolux), various shelves, chiller unit for salad prep, white under counter fridge (Blizzard, stainless under counter fridge (Blizzard), 10 tier convection oven (Lincat), 3 microwaves (Blizzard), hot lamp station, various stainless steel prep tables, grill (Lincat), 2 hot plates (Durco), dual fryer (Lincat),single fryer, stainless steel cabinet, grill (Buffalo), extraction unit (Lotus) and various kitchen utensils.
Store Room (5.3m x 6.8m) comprising: cold store, 6 chest freezers, cardboard crusher, upright freezer, ice cream fridge, shelving and additional storage

First Floor
Restaurant (4.1m x 8.5m) comprising: 8 tables with covers for (30), expresso coffee machine, bar, 2 under counter drinks fridges (Samsung), hot water dispenser (Lincat), glass washer, coffee grinder and wash basin and under stairs storage
Gents W/C with urinal and wash basin.
Ladies 2 x W/C with wash basin and baby changing unit.

Guest House

Second Floor
Room1 (3.4m x 2.6m) Double room with TV/ free view, wi-fi and tea & coffee making facilities.
Room2 (4.7m x 2.6m) Double room with TV/ free view, wi-fi and tea & coffee making facilities.
First Floor
Room 3 (8.0m x 4.0m) Deluxe double room with TV/free view and tea & coffee making facilities.

Second Floor
Owners Accommodation
Dining Room/Lounge, kitchen and 3 Bedrooms.

External
Outside dining area (7.4m x 4.6m) with out side lighting and accessed through the restaurant. This is the only out side dining area in Mevagissey
Bin Store (6.5m x 3.3m) Has potential to add laundry facilities and additional storage

 

EPC rating E

Location