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Retail/Shop For Sale Launceston
PROPERTY ID: 132432
PROPERTY TYPE
Retail/Shop
STATUS
Available
SIZE
65,340 sq.ft
Property Details
- Landmark Freehouse Restaurant, Campsite & Letting Rooms - Let For 7 Years From March 2022 - Passing Rent £45,000, With Rpi Linked Rent Review In March 2025 - Net Initial Yield Of 9.57% Based On The Asking Price, With Estimated Reversionary Yield Of Circa 11.6% From March 2025 - Additional Rent Review Mechanism Effective On Completion Of Defined Landlord's Works. Potential To Also Agree A Rental Uplift On Completion Of Additional Landlord's Works To Letting Rooms - Spacious Outdoor Seating In Front And Rear Garden Areas, With Parking Available For 40+ Cars - Campsite Of Circa 1 Acre, With 8 Electric Hook-ups - Total Site Area Circa Of 1.5 Acres, Offering Development Potential, Subject To Obtaining Necessary Consents - Three En-suite Letting Rooms Within The Main Building (currently Partially Refurbished & Near Completion) - Planning Consent Granted In 2018 For Extension That Would Deliver 8 En-suite Letting Rooms, 2 Self-catering Units, And Restaurant Extension (works Not Undertaken)
About the Agent
Scott Burridge Commercial LLP
See Agent's Other PropertiesRetail Unit
£450,000 Freehold
Rising Sun, Launceston, PL15 7SN
Retail/Shop -
Available
65,340 sq ft
6,070 sqm
Enquiry Form
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