Restaurant for sale

La Cave, 29 High Street, Falmouth TR11 2AD

£65,000
1,208 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 1,208 sq ft (112 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • RESTAURANT BUSINESS FOR SALE
  • PROMINENT HIGH-STREET POSITION
  • CHARACTER PREMISES
  • NEW 12-YEAR LEASE OFFERED
  • ENERGY PERFORMANCE RATING (E)

Full description

Tenure: Leasehold

Overview:

Currently operating as a French wine bar & brasserie, the business has established itself over 3 years as a popular and well-regarded restaurant. It is located in the heart of Falmouth just off the historic Old High Street, set within an atmospheric, character building which has operated as a restaurant/bar for over 100 years.


The premises has been refurbished to a high standard throughout; including the fit and installation of a well-appointed bar and new boiler & central heating system. The restaurant and late bar has a 60/40 split on food/wet sales and a high average spend per head and there is the potential to increase the licensing hours and develop wet sales further.
This is a versatile business with potential to diversify the brand and functionality as a venue.

The business is being offered with a new lease of 12 years and is available at £65,000 to include current Fixtures and Fittings.
Stock is additional at valuation on completion.

Further details are available upon request to applicants further to a viewing.

Website: www.lacavefalmouth.co.uk

Opening hours (March - January)
Wednesdays: 5pm - Midnight
Thursdays: 5pm - Midnight
Fridays & Saturdays: 5pm - 1am
CLOSED: Sun, Mon and Tuesdays


Accommodation:

Bar Area - 31.4sqm (338sqft)
Restaurant Area - 36.4sqm (392sqft)
Kitchen - 18.5sqm (199sqft)
Total NIA - 86.3sqm (929sqft)

GIA - 112.2sqm (1,208sqft)


Lease Terms:

The business is available by way of a new lease of 12 Years, with 3-yearly rent reviews and a commencing rent of £12,000pa.


Viewing:

The business is currently trading and interested parties are encouraged to visit/inspect as customers on the first instance. Further viewings can be arranged by appointment only via Redgrave Commercial.


Energy Performance Certificates (EPCs)

Nearest stations

  • Falmouth Town (0.6 mi)
  • Penmere (0.7 mi)
  • Falmouth Docks (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Redgrave Commercial, Truro

Lemon House 22 Lemon Street Truro Cornwall TR1 2LS

01872 490006 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 (0.6 mi)
  • Penmere (0.7 mi)
  • Falmouth Docks (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Redgrave Commercial, Truro

Lemon House 22 Lemon Street Truro Cornwall TR1 2LS

01872 490006 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 LACAVE. 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 Redgrave Commercial, 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.

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