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Long established restaurant opportunity in central St Ives

Price:
Leasehold - £195,000
Seller Ref:
L3242
Location:

Cornwall, St Ives

Business Type:

Food Service Businesses

See Other:
Restaurants for sale in Cornwall
Food service businesses for sale in Cornwall
Description:
THE BUSINESS:
Long established restaurant opportunity in central St Ives
Traditional style bar restaurant area for 60+ covers
Owner’s two bedroom accommodation
Location Details:
The Mermaid Seafood Restaurant is known as one of the longest established restaurant businesses in the premier resort town of St Ives. St Ives is well known as one of the most popular resort towns in the UK, located on the west coast of Cornwall, with its many historic connections with the famous St Ives School of Painting and Tate Cornwall. St Ives also serves as an important social and administrative centre for this area of Cornwall, with a large resident population which is greatly expanded during the long seasonal months. The Mermaid Seafood Restaurant is located in the old fishing quarter known as Downalong, characterised by its narrow, cobbled streets. The premises comprise a end of terrace two storey granite and stone construction under a pitched slate roof with adjoining residential accommodation.
Lease Terms:
The premises are held on a 21 year lease from 8th April 2002 on a fully repairing and insuring basis, with four yearly rent reviews and a passing rental of £18,000pa.
Accommodation:
BATHROOM WC, bath, wash basin. SITTING ROOM (7.00m x 4.20m) With gas fire. BEDROOM 1 (3.10m x 3.00m) Double, side aspect. BEDROOM 2 (3.20m x 3.00m) Double, front aspect.
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