2 bedroom pub for sale

Church Street, Falmouth, Cornwall, TR11

Leasehold £142,500

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes and A4 Drinking Establishments

Key features

  • Panoramic sea views
  • Established businesses
  • Prominent town centre location
  • Great reputation
  • High turnover
  • Profitable concern

Full description

Tenure: Leasehold

Leasehold Pub & Restaurant For Sale In Falmouth
Alcohol Licensed 9am - 1am daily
Premises licensed for opening 8am - 1.30am daily
Ref 2088


Location
This successful business is located in the centre of the vibrant harbour, beach and university town of Falmouth, on Cornwall's south coast. The property enjoys unrivalled views of the vast harbour, Pendennis castle and the river Fal estuary. With a resident population of 27,000 Falmouth is one of Cornwall's premier locations for tourists, students and locals and it was recently named by the Sunday Times as the 'best place to live' in the south west of the UK. Falmouth enjoys an unusually long tourist 'season' owing to the town's investment in highly popular festivals running in the late spring and autumn such as the International Sea Shanty and Oyster festivals.

Business information
Asking Price: £142,500 plus SAV
Turnover: on request
Stock: £7,500
Detailed accounts available following a
formal viewing.

Leasehold
EI publican Partnership Lease
Original term: 10 years
Remaining: 5 years ( New lease just signed)
Rent: £43,000 pa plus VAT
Rates: £16,000 pa
Free of tie ale, wines, minerals & packaged
products.

Business Description

Veritas Business Sales are delighted to offer this rare opportunity to purchase a thriving and growing business for sale due to owners' retirement. Our clients have heavily invested in the business during their tenure and any purchaser would benefit from the high-quality fixtures, fittings and equipment. The wet to dry split averages at 60 : 40 across the year, with dry sales significantly boosted during school holiday periods as our clients have established a family friendly reputation. Furthermore, the business is in a prime location for high footfall in addition to the very attractive views available from the dining room. The venue benefits from consistently high trade year-round with a loyal local base and university students boosting trade through the winter months. This business offers opportunities to grow in the future with potential for the building to be developed to incorporate a sun terrace (subject to planning) as well as the council's current plans to convert the car park at the rear of the pub into a public space for events and recreation.

Opening Hours

Monday - Wednesday - 11.00am - 11.00pm
Thurs - Sat - 11.00am - 1.00am
Sun - 11.30am - 11.00pm


Ground Floor

Main Bar
With a mix of wood, newly carpeted and tiled floors with a 27' mahogany bar and attractive beamed ceiling. Seating for approximately 115 covers, many benefitting from the outstanding water views the property boasts.

First Floor

Trade kitchen
Fully equipped with commercial appliances and non-slip altro flooring throughout.
Prep Room. Preparation counters. Freezers and hand cut chip machine.
Dry Store. Providing further storage and freezer areas.

Owners' Accommodation
The owners' accommodation is arranged over the first and second floors benefitting from private access. Comprising of large lounge, galley kitchen with access to a roof terrace, two double bedrooms, one of which is currently utilised as an office.

Lower Ground Floor

Ladies and Gents Toilets. Cleaner's and glass storage area plus extensive caged secure storage area.

Cellar
Very large temperature controlled cellar comprising of four rooms including recently fully replaced beer dispense equipment and large real ale two tier racking auto-tilt system.


Nearest stations

  • Falmouth Town (0.5 mi)
  • Falmouth Docks (0.6 mi)
  • Penmere (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Falmouth Town (0.5 mi)
  • Falmouth Docks (0.6 mi)
  • Penmere (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2088. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.