SOLD

TypeDance & Gym Clubs · Theatres & Cinemas · Bars/Pubs · Restaurants

TR7 The Crescent, Walkabout, Newquay

TenureFor sale

The Crescent, Walkabout, Newquay, TR7 1/18

Specification

Building size
Building size 11,230 sqft
Property type
Property type Dance & Gym Clubs · Theatres & Cinemas · Bars/Pubs · Restaurants
Tenure
Tenure For sale

Description

Freehold public house overlooking Newquay's Towan Beach for sale guiding £1.0m with approximate GIA 11,232 sqft over three levels (+rooms)

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.

All viewings must be arranged strictly by appointment with the sole selling agent Savills and under no circumstances should any direct approach be made to any of the staff.

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.

The property benefits from external customer areas some of which have views over the beach.

Freehold.

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.

We understand all mains services are connected.

The property is not listed nor located in a conservation area.

We understand the established planning use is Sui Generis (public house) under the Town and Country Planning (Use Classes) Order 1987 (as amended).

The local authority is Cornwall Council.

The property is entered on the current 2026 Rating List at £128,000 Rateable Value. This not the rates payable. Estimating liability for business rates using the appropriate multipliers alone may not lead to an accurate bill forecast; the ratepayer should consider rates reliefs, adjustments, and policy changes according to the nature of the occupation in budgeting for rates bills. Please feel free to contact one of Savills' Rating experts or seek independent advice on all rating matters.

Fixtures and fittings with the exception of all tills, IT equipment, leased and branded items can be included as part of the sale should they be required. Stock may be removed from the premises prior to completion.

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

Freehold detached property located in North Cornwall coastal tourist location of Newquay

Prominent position overlooking town's most central beach

Trading on lower ground and ground levels with external trade area to side

Staff accommodation over first floor comprising four bedrooms

Short distance from centre of Newquay and 0.7 miles from Fistral Beach

Property arranged over three levels extending to 11,232 sqft (1,043 sqm)

Offers invited guiding £1,250,000 (VAT to be confirmed)

Location

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.

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