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Rising Sun, Altarnun, Launceston, Cornwall, PL15 7SN

£450,000

£6.89 per sq ft

Business rates & charges may apply

SBC Property, Truro
SIZE AVAILABLE

65,340 sq ft

6,070 sq m

SECTOR

Pub for sale

Description

- Landmark Freehouse Restaurant, Campsite & Letting Rooms
- 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

About SBC Property, Truro

Daniell House, 26 Falmouth Road, Truro, TR1 2HX

Notes

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