House · TR5 0TJ
For saleListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is an exciting opportunity to acquire an established business and premises within the highly regarded village of St Agnes.
The business has been operated by our client for several years as a takeaway bakery/patisserie with the assistance of part time staff/family members, offering a range of hot and cold drinks, cakes, pastries and confectionery along with a selection of savoury options including pasties, sausage rolls etc.
These Ground Floor premises extend to some 530 sqft plus an external storage shed and are being offered for sale with the residue of a 999 year lease which commenced on 1st January 1993.
Location St Agnes has a vibrant year round community which is well served with a range of day to day amenities, including bars, cafes, restaurants, delightful independent food & retail businesses a doctor's surgery and even its own museum!
Martina's is situated in the heart of the village close to the main public car park.
The area is popular with visitors and locals alike who come to explore the area via the sw Coastal Footpath and to visit the iconic Wheal Coates Engine House & nearby Beacon, with much of the area under the ownership and care of the National trust.
There are several glorious beaches within the area including Chapel Porth & Trevaunance Cove that are popular with bathers and surfers year round.
St Agnes lies approximately 8 miles from the city of Truro which offers schooling for all ages, a range of national and niche retailers, a station on the main Penzance to Paddington Rail line and is also home to the recently refurbished Hall For Cornwall that regularly plays host to visiting West End productions and music events.
The Business As mentioned above, our client has operated the business for several years as a takeaway bakery/patisserie with the assistance of part time/seasonal employees, through choice and owing to family commitments our client trades on restricted hours thus affording a new owner tremendous scope to grow the turnover.
The accounts for the year ending show a turnover of £143,925 with full accounting information only being made available subject to a viewing appointment in the usual manner.
The Premises (Please see the virtual tour and floor plan) The property extends to circa 530 sqft and comprises in brief;- Shop: Service point/counter, heated display cabinets, bottle fridge, coffee machine, undercounter fridge, Mono double bake off oven.
Storage area: Base and wall cupboards, 2 x chest freezers. Preparation area: Base cupboards, stainless steel sink and drainer, shelving, stainless steel tables.
Store Room 2: Range of Fridges and freezers and adjustable shelving. Staff Toilet. Outside: To the rear of the property is a detached storage shed with light and power connected.
Fixtures & Fittings The sale of the business is too include a comprehensive range of fixtures, fittings and equipment and a full inventory will be provided prior to an exchange of contracts.
Stock To be taken at valuation upon completion.
Tenure: Long Leasehold The business and premises are being offered for sale with the residue of the original 999 year lease which commenced on the 1st January 1993 (a copy is available from the selling agents upon request) General Information We understand the property has mains electric, mains water & mains drainage.
Consumer Protection from Unfair Trading Regulations 2008.
We strongly advise all parties to confirm and check title documents, build warranties, services / utilities and any covenants which may or may not apply, immediately after agreeing a purchase.
Our adverts do not form part of a contract and must not be relied upon.
Goundrys have not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
A Buyer is advised to obtain verification from their Solicitor or Surveyor. Measurements are a guide only.
Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Anti-money laundering regulations - Purchasers It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed.
We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.
Proof of finance - Purchasers Before agreeing a sale, we will require proof of your financial ability to purchase.
Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Martina's, Vicarage Road, St. Agnes
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