Listing ID: 3475693
Seller ref: 94178

Coastal Town Centre Bar/ Restaurant In Looe For Sale

Looe, Cornwall, UK

Asking Price:: £400,000 Furniture / Fixtures included

Turnover:: £500K - £1M

Net Profit:: Undisclosed

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On Tuesday July 23rd 2024, at 1:00 prompt, at the premises
(Unless previously sold by private treaty)

Picturesque fishing harbour town
Character Grade II listed building on the waterfront
Main bar (25), restaurant (70)
3-bedroom accommodation
Trade patio (12)
Historic Net turnover in excess of £760,000

Character Bar and Restaurant on the waterfront of a picturesque fishing town along the South Cornwall coastline. Well-kept trading areas can seat approximately 95 customers with a comprehensive catering kitchen. 3-bedroom accommodation with a terrace looking out over the harbour. decking area can seat an additional 12 customers. Recently closed and historically experienced a large net turnover. The freehold is being offered for sale by public auction on Tuesday, July 23rd, at 1 p.m.

For more information or request for viewing, please contact sidney phillips.

Property Information

Property:: Freehold

Location:

The Old Sail Loft is located in the picturesque fishing town of Looe, on the south Cornwall coastline. Situated on Quay Street, the business benefits from its fantastic position next to the harbour with views overlooking the River Looe. The town has a population circa 5,000. The harbour is a focal point with the river flowing between east and west Looe. East Looe is home to the harbour and main shopping centre. West Looe is quieter, but also has shops, restaurants and hotels.

Looe is a tourist hotspot in Cornwall and other notable attractions include Banjo Pier, East Looe Beach and local fishing trips. The town benefits from a railway station that connects to Liskeard via the Looe Valley line and is a short car journey from the A38, allowing for easy road connections to the city of Plymouth, 20 miles east.

The premises occupies a two storey property of local stone construction under a pitched slate roof. It is of Grade II listing and is one of the oldest buildings in Looe; it is believed to date back 450 years, formerly a place for smugglers and seafaring men of the 16th century.