Quintrell Inn2 North Way, Quintrell Downs, Newquay, TR8 4LA

Description
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with a centra bar servery and seating for 60 customers. There is an additional side restaurant and rear trading room with seating for a further 88 customers. Ancillary areas include customer WC's, trade kitchen, stores and cellar.

First Floor: The first floor provides two flats with external access with Flat 1 comprising a bedroom, kitchen, dining room and bathroom. Flat 2 comprises two bedrooms, kitchen, dining room and bathroom.

Externally: There is a large car park with parking for 70 vehicles and an enclosed trade garden with seating for 60 customers alongside a children's play area.

Tenure
The property is held freehold (Title Number CL161302).

Tenancy
The entire property is let to a private individual on a 20 year lease from 14th September 2018 at a current rent of £97,965 per annum which is subject to five yearly open market reviews and annual RPI increases (except in an open market review year). A rent deposit of £23,621 is held by the landlord.

Planning
The property is not listed or situated within a conservation area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
B-41.

Terms
We are instructed to invite offers in excess of £1,250,000 (7.4% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.