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The Rising Sun Inn Altarnun

1,760 SF 100% Leased Retail Building Altarnun PL15 7SN £450,000 (£256/SF)

Investment Highlights

  • Landmark Freehouse Restaurant
  • Ample dedicated parking for 40+ cars
  • Spacious outdoor seating in front and rear garden areas
  • Prime Central Cornwall location on the edge of scenic Bodmin Moor
  • Extensively refitted and refurbished bar/restaurant, offering over 100 covers
  • Campsite with 8 hook-ups, extending to 1 acre

Executive Summary

The Rising Sun Inn comprises an extensive, detached two-storey stone construction freehouse, originally built in the 17th Century, under a pitched slate roof with many later additions to side and rear, with Dutch barn and kitchen garden, plus extensive car parking and outside trading areas which include a Boules Piste and a caravan and camping area, all in approximately one acre.
The Rising Sun Inn Altarnun offers a superb opportunity to acquire a prominent and unique Cornish freehouse located outside the village of Altarnun. The business operates six days a week year-round, from 12 PM to 10 PM, Wednesday through Sunday. It is closed on Mondays and open from 4 PM to 10 PM on Tuesdays. Hours may be reduced during the off-season. The Rising Sun Inn trades as a community style pub with a local clientele, but with a growing reputation for culinary excellence. The business receives an exceptional boost during the seasonal months with the many visitors to the area. Additionally, the pub holds the distinction of being listed in the Michelin Guide, a testament to its exceptional quality and culinary standards. For more details, visit the link below. https://guide.michelin.com/gb/en/cornwall/altarnun/restaurant/rising-sun-inn
To the first floor, there are three en-suite letting rooms – under refurbishment & near completion. There is potential to complete this refurbishment to increase income.
Normal fixtures and fittings associated with this type of property are included in the sale and detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts.
The Rising Sun is available freehold with a lease in place. The lease is a seven year lease from the 7th March 2022, at a rent of £45,000 per annum, RPI linked with the opportunity for a rental uplift on completion of landlords’ works (to be specified).

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
1,760 SF
Building Class
B
Year Built
1650
Price
£450,000
Price Per SF
£256
Percent Leased
100%
Number of Floors
2
Building FAR
0.04
Lot Size
1.00 AC

Amenities

  • Fireplace
  • Restaurant
  • EPC - C
  • Storage Space
  • Listing ID: 33740614

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: Altarnun, Altarnun PL15 7SN

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