Leasehold Italian Restaurant Located In Falmouth

Leasehold Restaurant Located In Falmouth
Substantial 2 Bedroom Owners Accommodation
Licensed
Ref 2618

Location
This respected Bar & Restaurant is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is positioned on the main street in the heart of the town centre and close to the cinema, bus station and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Asking Price: £24,950

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Restaurant which is located in the harbour town of Falmouth. The business was established by our clients 7 years ago and they are now offering the business for sale so that they can concentrate on other business interests.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all
bought and paid for and included within the sale price. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Tuesday – Saturday – 6:00pm – 9:00pm
Monday & Sunday – closed

Leasehold
Original term: 12 years
Remaining : 4 years (Dec 2026)
(Landlord & Tenant Act protected)
Rent: £12,500 pa
Rent review Dec 2023
Business rates: Currently zero
Council Tax (Living Accommodation Band A)

Ground Floor
Restaurant (4.3m x 7.5m) comprising: 10 tables with covers for (24), various shelving, window display, serving counter, ice cream display fridge, chiller display unit,electronic till, under counter drinks fridge and various shelves
Kitchen (5.7mx 3.3m) comprising: plate warmer (Caterlux), wash basin, sink with directional hose and drainer, dish washer with feed, various wire racking, stainless steel shelf, oven with 3 hot plates (Falcon), extraction unit, 2 door chiller unit (Blizzard), various kitchen utensils, 3 door chiller unit (Polar), 2 oven pizza (12) (Italforni Pesaro)
W/C with wash basin and wall mounted mirror.
Store cupboard.

External
Rear courtyard with bin storage & staff toilet.

First Floor
Owners accommodation
Lounge (4.2m x 8.6m), Hallway, Kitchen (4.7m x 2.6m), Bathroom (1.5m x 2.8m).
Second Floor
Bedroom1 (6.1m x 3.1m) Double, Bedroom 2 (3.0m x 4.8m) Double, Landing area (3.8m x 3.0m).

EPC Rating E