Altarnun - Restaurant FOR SALE


Altarnun, CON PL15 7SN
$450,000 USD
187-227-7397
Altarnun, Altarnun, CON for Sale
$450,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

Altarnun
Altarnun, CON PL15 7SN


HIGHLIGHTS

  • Landmark Freehouse Restaurant
  • Prime Central Cornwall location on the edge of scenic Bodmin Moor
  • Ample dedicated parking for 40+ cars
  • Extensively refitted and refurbished bar/restaurant, offering over 100 covers
  • Spacious outdoor seating in front and rear garden areas
  • Campsite with 8 hook-ups, extending to 1 acre

OVERVIEW

The Rising Sun Inn comprises an extensive, detached two-storey stone construction freehouse, originally built in the 17th Century, under a pitched slate roof with many later additions to side and rear, with Dutch barn and kitchen garden, plus extensive car parking and outside trading areas which include a Boules Piste and a caravan and camping area, all in approximately one acre. The Rising Sun Inn Altarnun offers a superb opportunity to acquire a prominent and unique Cornish freehouse located outside the village of Altarnun. The business operates six days a week year-round, from 12 PM to 10 PM, Wednesday through Sunday. It is closed on Mondays and open from 4 PM to 10 PM on Tuesdays. Hours may be reduced during the off-season. The Rising Sun Inn trades as a community style pub with a local clientele, but with a growing reputation for culinary excellence. The business receives an exceptional boost during the seasonal months with the many visitors to the area. Additionally, the pub holds the distinction of being listed in the Michelin Guide, a testament to its exceptional quality and culinary standards. For more details, visit the link below. https://guide.michelin.com/gb/en/cornwall/altarnun/restaurant/rising-sun-inn To the first floor, there are three en-suite letting rooms – under refurbishment & near completion. There is potential to complete this refurbishment to increase income. Normal fixtures and fittings associated with this type of property are included in the sale and detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts. The Rising Sun is available freehold with a lease in place. The lease is a seven year lease from the 7th March 2022, at a rent of £45,000 per annum, RPI linked with the opportunity for a rental uplift on completion of landlords’ works (to be specified).

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rising Sun Inn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1650

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Francesca WilliamsScott Burridge Commercial LLPMore Info
187-227-7397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Francesca WilliamsScott Burridge Commercial LLPMore Info
187-227-7397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.