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Market Jew Street, Penzance... 1 bed house for sale
Market Jew Street, Penzance, Cornwall, TR18 2HN
£84,950
Market Jew Street, Penzance, Cornwall, TR18 2HN
£84,950
Our Summary
- There is in our opinion, tremendous scope for new owners to develop the business through extending the opening hours to include evening & breakfast service in the Summer months along with possibly obtaining a premises licence for the sale of alcohol (subject to the requisite consents)
Description
This Leasehold Cafe in Penzance's harbourside town center is available for assignment of a 15-year lease with a current passing rental of £1,750 per month. The property, a period building with four floors, offers a spacious 1-bedroom apartment with views of St Michaels Mount from the top floor. The cafe, operated by the current owners for several years, has a consistent turnover of circa £250,000 and trades Monday to Saturday from 10am to mid-day. There is potential for new owners to develop the business by extending hours, obtaining a premises license for alcohol sales, and utilizing the apartment for additional income. The property features a lower ground floor dining area, ground floor service point and seating, a commercial kitchen, and a well-equipped preparation room. The apartment includes a kitchen/diner, lounge, double bedroom, bathroom, and separate cloakroom. The property offers a unique opportunity for a new owner to establish a thriving business in a popular location.