Property photos
Freehold
£450,000
(£6.89/sq. ft)
Pub/bar for sale
Rising Sun, Altarnun, Launceston, Cornwall PL1565,340 sq. ft
Local area information
Property location
Nearby amenities
- Altarnun Community Primary School 1.8 miles
- Lewannick Community Primary School 4.5 miles
- Rock Padstow Ferry Landing 18 miles
- Padstow Ferry Landing 18.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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)
- 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)
Floor plans and tours
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Scott Burridge Commercial
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Scott Burridge Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Scott Burridge Commercial for full details and further information.