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Quintrell Inn, 2 North Way, Quintrell Downs, Newquay, TR8 4LA

Guide Price
£50,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • 13 Year Free of Tie Lease
  • Rent: £120,000 - next R.R in 2028
  • 46 week Gross Sales £857,574
  • 2 Staff Apartments
  • 1.413 acres & GIA: 8,064ft
  • Energy Rating B
  • Christie & Co Ref: 3451558

Description

Description

Set in the village of Quintrell Downs, The Quintrell Inn is located East of Newquay and North of Truro, the Cornish capital. The village has a mix of residential and commercial premises with a Premier Inn hotel directly opposite.

Location

Quintrell Downs is a village near Newquay on the Northern coast of Cornwall. There are approximately 1,300 people living within 1km of The Quintrell Inn, whilst Newquay has a population of over 20,000 and is one of the most visited areas in Cornwall for tourists.

Internal Details

On the ground floor you will find the main bar/restaurant area with beam ceilings and lots of natural light. Opposite the bar you will find the carvery serving area followed by the fully stocked commercial kitchen with further areas leading to a walk in fridge, freezer, store and pot wash areas. The cellar can also be accessed via the kitchen and the toilet facilities are located on the ground floor.

Behind the bar you will find the office, as well as a further three restaurant areas linking together to provide an atmosphere for all occasions.

In addition, there is a games room, currently consisting of three pool tables, two dart boards and a TV.

On the first floor you will find the accommodation.
1 x 1 bedroom with a kitchen, lounge and bathroom.
1 x 2 bedroom with a kitchen, lounge and bathroom.

Fixtures & Fittings

All fixtures and fittings are owned outright and are included in the sale price, except a few personal items which will be retained by the owners.

External Details

There is a large car park for approximately 50-60 vehicles. There is also a lawn area above which is currently not in use. To the side of the car park is a further lawn area with an outside bar area that gets used mainly in the summer months. There is some seating in this area with further under cover seating closer to the pub. In total there are approximately 85 external covers although there is space for more.

Owner's Accommodation

Above the premises are two apartments. These are currently occupied by staff.

1 x 1 bedroom with kitchen, lounge and bathroom.
1 x 2 bedroom with kitchen, lounge and bathroom.

Other Property

In the garden there is the 'outside bar' with seating inside and out. This is mainly used in the summer months as the serving hatch proves popular with the customers when the sun is shining or there's outside entertainment.

The Opportunity

There is an opportunity for an operator to come in and capitalise on the strong trade already in place. A focused, hands on operator will be able to grow the business even further.

Trading Information

We currently have 46 weeks of trading history. This shows Gross Sales of £857,574.

Trading Hours

Monday: 12:00 - 23:00, Tuesday: 12:00 - 23:00, Wednesday: 12:00 - 23:00, Thursday: 12:00 - 23:00, Friday: 12:00 - 00:00, Saturday: 12:00 - 00:00, Sunday: 12:00 - 22:00.

Tenure

The property is held on the residue of a 10-year partially tied lease that is fully repairing and insuring from Mitchells & Butlers Plc which commenced in January 2019. The headline rent is £50,000 per annum and the next rent review is in January 2024. The tie is for beer and soft drinks.

Business Rates

The current rateable value is £50,250.

Regulatory

The property has a full premises licence.

Energy Performance Certificates

EPC 1

Brochures

Quintrell Inn, 2 North Way, Quintrell Downs, Newquay, TR8 4LA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Quintrell Downs Station0.0 miles
  • Newquay Station2.2 miles
  • St. Columb Road Station3.9 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3451558-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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