Rising Sun, Altarnun, Launceston, Cornwall, PL15 7SN
- SIZE AVAILABLE
65,340 sq ft
6,070 sq m
- SECTOR
Pub for sale
Description
- Let for 7 years from March 2022
- Passing rent £45,000, with RPI linked rent review in March 2025
- Net Initial Yield of 9.57% based on the asking price, with estimated reversionary yield of circa 11.6% from March 2025
- Additional rent review mechanism effective on completion of defined Landlord's Works. Potential to also agree a rental uplift on completion of additional Landlord's works to letting rooms
- Spacious outdoor seating in front and rear garden areas, with parking available for 40+ cars
- Campsite of circa 1 acre, with 8 electric hook-ups
- Total site area circa of 1.5 acres, offering development potential, subject to obtaining necessary consents
- Three en-suite letting rooms within the main building (currently partially refurbished & near completion)
- Planning consent granted in 2018 for extension that would deliver 8 en-suite letting rooms, 2 self-catering units, and restaurant extension (works not undertaken)
Brochures
Rising Sun, Altarnun, Launceston, Cornwall, PL15 7SN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Liskeard Station12.3 miles
Notes
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