- 1,208 Sq Ft
- RESTAURANT INVESTMENT
- PRODUCING £12,000PA
- NEW 12-YEAR LEASE
- GOOD LOCAL COVENANT
- ENERGY PERFORMANCE RATING (E)
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.
Bar Area - 31.4sqm (338sqft)
Restaurant Area - 36.4sqm (392sqft)
Kitchen - 18.5sqm (199sqft)
Total NIA - 86.3sqm (929sqft)
GIA - 112.2sqm (1,208sqft)
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%.
The current occupier La Cave - Wine bar & Brasserie, has been in occupation and traded successfully for 2-years.
The premises have been occupied as a licenced premises for over 100-years.
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.