Walkabout The Crescent 11,230 sq ft Retail Property Newquay TR7 1DS £1,250,000 (£111.31/sq ft)

The property is for sale freehold with a guide of £1,250,000 (we understand the property is elected for VAT which may apply subject to the type of sale agreed). Please seek independent advice if required. Freehold title CL61501.
We understand that TUPE regulations will apply in the event of a Transfer of a Going Concern purchase.
Description
The Walkabout is a detached building arranged over lower ground, ground and first floors. The property is a former cinema which has been extensively refitted for bar and restaurant use and is of mainly brick construction with part brick, rendered and timber clad elevations beneath a pitched roof. To the side is an external tiered beer garden laid out to provide seating for customers with beach views.
Access to the lower ground floor is gained via the external terrace and the upper ground floor is accessed from The Crescent.
Internal Description
Lower Ground Floor: The lower ground floor provides a trading area with seating for around 32 customers and additional standing areas at the bar. There is an open kitchen servery with trade kitchen beyond. The lower ground floor also has ladies’, gentlemen’s and accessible WCs. The lower ground floor is completed by a large cellar and a range of back of house areas.
Upper Ground Floor: The upper ground floor area comprises a long linear bar servery, is open plan throughout with a raised stage and several raised trading areas. One of these raised areas overlooks Towan Beach. There are also ladies’, gentlemen’s and accessible WCs. There is seating for around 120 customers and, in addition, large standing areas. There is a DJ booth on one of the raised areas.
First Floor: Stairs at upper ground floor level lead to the first floor where there is staff living accommodation comprising four bedrooms, three bath/shower rooms, boiler room, laundry room, manager’s office, resident’s kitchen and living room. We are advised that this area has a HMO licence for seven people.
External Areas
The property benefits from external customer areas some of which have views over the beach.
Local information
Newquay is the most populated town in Cornwall and is situated approximately 82 miles west of Exeter and 18 miles north east of St Austell. The area is well serviced by public transport with Newquay Station providing regular services connecting Cornish Main Line to Penzance and seasonal to London.
The Walkabout occupies a prominent position on Crescent Lane close to the junction of Beach Road with Newquay Station 0.6 miles to the east. The property is surrounded by a mix of commercial (mainly retail and hospitality uses), residential and leisure; nearby occupiers including The Dead Famous and Saltshed's Bar & Bistro. The Blue Reef Aquarium is situated on the sea wall below and to the right of Walkabout. There are a variety of beach huts and concessions also below Walkabout adjacent to the beach.