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COMMERCIAL

The Star & Garter, 52 High Street, Falmouth, TR11 2AF

Guide Price
£1,400,000
Goundrys, Truro
PROPERTY TYPE

Commercial Property

BEDROOMS

6

BATHROOMS

6

SIZE

Ask agent

Key features

  • Hospitality & Holiday Accommodation Business For Sale
  • Bar/Restaurant With Commercial Kitchen
  • 2 Guest Suites & 3 Stunning Apartments (Circa 90% Occupancy)
  • Spectacular Harbour Views
  • Town Centre Location
  • Rare Freehold Opportunity
  • Likely To Appeal To Investors & Owner Operators Alike
  • Sale To Include A Comprehensive Inventory Of Trade Fixtures, Fittings And Furnishings
  • EPC B38

Description

This is an exciting opportunity to acquire a landmark freehold property in the heart of one of the County's most sought after trading locations. The property has in recent years, undergone extensive remodelling and now comprises a stylish cafe bar/restaurant with a well equipped commercial kitchen, 3 stunning self contained apartments and 2 superb guests suites, with all of the apartments and suites having spectacular elevated views, across Falmouth Harbour.  

Location

Falmouth is situated on the South Cornish coast and has a population of approximately 25,000 residents. The town and wider area attracts hundreds of thousands of visitors each year owing to its picturesque natural harbour, selection of beaches and stunning coastline, Falmouth regularly hosts national and international events including a variety of music and food festivals. The town has a wide selection of national and independent businesses, schooling for all ages and a popular university with almost 8,000 students.

For further information about the area, please visit:

General Overview

The Star & Garter has been owned by our client for several years and was, for much of this time trading as a  successful Gastro Pub with letting rooms. In recent years, and to reflect the changing face of the hospitality trade, the business model was re-imagined and the ground floor of the building underwent alterations to create further letting accommodation, whilst still retaining a cosy and stylish Bar and Restaurant.

The business is now accommodation led with two stunning guest suites on the Ground Floor (FOC'SLE & CABIN). Above which, and accessed independently from the High Street are 3 superb self catering apartments,

(PENTHOUSE, STARBOARD & CROW'S NEST)

For further information on the letting accommodation, please visit:

The Bar & Restaurant are currently being operated by a 3rd party by way of an informal arrangement and as such, we do not hold accounts for that element of the business. 

Should a prospective new owner not wish to operate the bar restaurant then this area of the building could be let on a commercial basis to provide an additional passive income. (Please speak to the selling agent for rental projections)    

Property Description (Please see attached Floor Plan & Virtual Tour, for more detail) 

Ground Floor: Fully equipped Bar/Restaurant, 2 x Guest Suites (Foc'sle & Cabin)

Lower Ground Floor: customer toilets, office/staff room, laundry room, cellar, walk in fridge, pot wash rea, dry stores and a superbly appointed commercial kitchen.

First Floor: (Starboard) comprising two double bedrooms, a bathroom, and a colourful open-plan kitchen and living area.

Second Floor: (Penthouse) comprising an open-plan living area and kitchen, and large bedroom with en suite.

Third Floor: (Crow's Nest) comprising an open plan kitchen/lounge, log burner, bathroom and bedroom.

Outside: There is a small enclosed courtyard to the rear of the building accessed from the lower ground floor with a pedestrian right of way onto the High Street via an adjoining passageway.

Accounts & Financial Information  

Please speak to the selling agent.

General Information

Tenure: Freehold

EPC: C

Water: Mains 

Drainage: Mains

Electricity: Mains

Gas: Mains

Legal Costs: Each party will be responsible for their own legal costs in connection with the transaction

Stock: To be taken at valuation, upon completion

Premises Licence: The premises are licenced for the sale of alcohol (a copy of the licence is available from the selling agent upon request) 

Business Rates: please visit the Valuation Office website (

Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. Measurements are a guide only. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

ANTI-MONEY LAUNDERING REGULATIONS - Purchasers

It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.

PROOF OF FINANCE - Purchasers

Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.

Energy Performance Certificates

EPC 1

The Star & Garter, 52 High Street, Falmouth, TR11 2AF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Penmere Station0.7 miles
  • Falmouth Town Station0.7 miles
  • Falmouth Docks Station0.9 miles
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About Goundrys, Truro

Treleaven House, E5 Threemilestone Industrial Estate Truro TR4 9LD
Industry affiliations:

Goundrys Estate Agents was established in 2004 by Andy Goundry, an estate agent since 1986 and experienced in the corporate and independent sectors.

The very experienced team deal with sales and lettings of all property within a 30 mile radius of Truro and handle small parcels of land up to farms and smallholdings. Members of Propertymark we are up to date with legislation, especially critical in the Lettings marketplace.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference S1477169. 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 Goundrys, 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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