Freehold Bar & Development Opportunity Located In Falmouth

Business ID:
  • Ref: 2552
  • Type: Development Site
  • Availability: Sold
  • Veritas Categories: Commercial Property, Development Site, - Bar
  • Business ID: 2552
  • Commercial Tenure: Freehold
  • Make Enquiry

Property Features

  • Established Business
  • Freehold Bar
  • Development Opportunity

Full Details

Freehold Bar & Development Opportunity Located In Falmouth
Sea Views
Ref 2552

This established Bar is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefited from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is positioned on the main street in the heart of the town centre with stunning sea views and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Freehold Asking Price: £249,950

Business Description
Veritas Business Sales are delighted to offer for sale this popular Bar which is located in Falmouth. The property has been a watering hole for over 50 years and has been in the hands of our client for the past 15 years and they are now offering the site for sale to concentrate on other interests. The business is owner operated and employs the help of 2 part time member of staff and has an annual turnover of £210,000 net of vat with a GP of circa (50%). Jagos Bar is a busy locals pub which is 100% wet led. The current owner applied for and was granted planning permission to convert the property into two 2 bedroomed maisonettes and three 1 bedroomed flats. The planning has now lapsed but we believe that this can be easily reinstated.
This is a superb opportunity to purchase a Bar with the potential to increase trade with the addition of food sales or alternatively a developer may want to redevelop the property. With this in mind early viewing is highly recommended as this is not to be missed.

Opening Hours
Monday – Sunday – 4.00am –11.00pm

Ground Floor
Bar area (10.2m x 9.4m) comprising: 6 tables with 24 seats, various bench seating, various shelves, pool table, dart board, glass washer (Maidaid), sink with drainer, drinks fridge, electronic till, log burner, 3 bar stools and music. system
Gents with urinal, w/c and wash basin
Ladies with 2 sinks and wash basin

Cellar (3.9m x 3.8m)
Storeroom 1 (6.2m x 5.2m)
Storeroom 2 (3.0m x 2.0m)

First Floor
Lounge area (6.0m x 4.1m)
Dining Room (4.4m x 4.4m)
Kitchen (3.4m x 2.4m)
Bedroom 1 (2.6m x 3.4m)
Bedroom 2 (4.4m x 3.1m)
Bathroom (1.9m x 2.0m)

Second Floor
Lounge (8.1 x 4.6m)
Office (3.8m x 4.1m)