Investment

La Cave Investment, 29 High Street, Falmouth TR11 2AD

  • Falmouth
  • £147,500
  • 1,208 Sq Ft

Property Features

  • RESTAURANT INVESTMENT
  • PRODUCING £12,000PA
  • NEW 12-YEAR LEASE
  • GOOD LOCAL COVENANT
  • ENERGY PERFORMANCE RATING (E)

Property Summary

Ground floor retail investment opportunity available in the heart of the historic maritime town of Falmouth - an all year round popular tourist spot. The building itself is located on a prominent high street and is currently trading as La Cave. Let on a new 12-year lease at £12,000pa.

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Full Details

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 investment is available with the benefit of a new 12-year lease with 3-yearly rent reviews and a commencing rent of £12,000pa representing an gross yield of 8.1%.

Tenant:
The current occupier La Cave - Wine bar & Brasserie, has been in occupation and traded successfully for 2-years.

History:
The premises have been occupied as a licenced premises for over 100-years.

Viewings:
To benefit from the full ambiance interested parties are invited to book a table and enjoy a meal at one of Falmouth’s best restaurants. If of serious interest an out of hours inspection can be arranged.

More Information

  • Make Enquiry
  • Call 01872 277 314