Well presented and equipped
New renewable Lease
Argal View Cafe is situated overlooking the Argal Reservoir in the countryside between Penryn and Mawnan Smith on the South Cornish coast. The Argal Reservoir is owned and managed by the South West Lakes Trust and provides parking, amenity area and toilet facilities for those persons wishing to enjoy the beautiful environment and in particular the circular walk around the lake. The Argal View Cafe is located adjacent to the parking and enjoys a most spectacular view over the lake and is within a popular tourist location and indeed is well known within the local vicinity.
We are advised the café is subject to a Planning Permission from the Local Authority, which is expected to be renewed in March 2017 (having previously run for the preceding 3 years and also a new Lease from the South West Lakes Trust for a period of 3 years), which we understand will be a renewable rolling lease (subject to SWLT approval) at a passing rental of circa £4,000 to £5,000 per annum. At the time of writing the new lease is being finalised and therefore a copy of the existing lease will be made available.
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