This is an exciting opportunity to acquire a town centre public house with letting rooms in the popular resort of Falmouth, on the South Cornish Coast. The Prince of wales is being offered for sale by way of an assignment of the existing 10 year Punch Franchise Agreement at a current passing rental of £31,300 per annum.
- Asking Price:
- £69,950
- Turnover:
- £270,000
- Net Profit:
- Under £50K
Property Information
- Property:
-
Leasehold
- Leasehold Type:
- Existing
- Lease Terms:
-
The business is being offered for sale by way of an assignment of the existing Punch Franchise Agreement which commenced on the 20th August 2021 for a period of 10 years at a current passing rental of £31,300 per annum. A copy of the agreement is available from the selling agent upon request.
- Leasehold Rent:
-
£31,300 per annum
- Living Accommodation:
-
This spacious flat comprises, linen cupboard, 2 double bedrooms, living room, single bedroom/office, large family bathroom with utility cupboard, cloak room and store room. (Dependent upon the new owners requirements and subject to the necessary consents being obtained), it may well be possible to create additional letting rooms on this level.
- Location:
-
The Prince of Wales is located in a prominent position in heart of the popular town of Falmouth, close to a several shoppers car parks a coach drop off point and is immediately opposite one of the Town's busiest piers from where a number of local ferries depart on a regular basis and as such draws significant numbers of tourists to this part of the town. Falmouth has long been recognised as one of the Counties most desirable Towns in which to live, owing to it's large natural harbour, glorious sandy beaches and picturesque coastline.
- Energy Performance Rating:
- D
Business Operation
- Years established:
- 10+
