Quintrell Inn, 2 North Way, Quintrell Downs, Newquay, TR8 4LA
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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
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.
LocationQuintrell 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 DetailsOn 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.
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 DetailsThere 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 AccommodationAbove 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.
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 OpportunityThere 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 InformationWe currently have 46 weeks of trading history. This shows Gross Sales of £857,574.
Trading HoursMonday: 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.
TenureThe 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 RatesThe current rateable value is £50,250.
RegulatoryThe property has a full premises licence.
Energy Performance Certificates
EPC 1Brochures
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
Notes
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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