Overview
Description
Rosevean Off-Licence and Convenience Store is a popular and well-equipped business located just north of Market Jew Street in Penzance. Available for the first time in nearly 20 years due to the owner relocating, there is an opportunity for a new owner-occupier to drive the business forward. Alternatively one could wind the business down and apply for a residential conversion to the ground floor. In all this represents an ideal first business venture or a small re-development opportunity to convert to flats or even an HMO, subject to the necessary consents and planning.
The property is an attractive end-terrace enjoying return-frontage. Constructed c.1880 it retains many original features and the owner has recently restored the sash windows, some to UPVC, repaired the guttering, installed a new boiler in 2021 and has solar panels on the roof. In all the property is in good order, but requires cosmetic updating.
There has been a business on this site for 45 years, and the current owner has run it for the past 20. Turnover is around the £400,000 mark, however due to personal circumstances full profit and loss accounts are not available. The owner makes c.£30,000 per annum in profit, however by working full time a new owner could significantly increase the profitability of this business.
Rosevean benefits from being the only local Off-Licence in the area, serving a largely residential area to the north of the main shopping streets of Market Jew St and Causewayhead in Penzance.
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