Retail/Shop to let Looe PL13 1EY,15246sq ft

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Retail/Shop

Retail/Shop To Let Looe

PROPERTY ID: 145042

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

15,246 sq.ft

Key Features

Detached Public House

Open plan public bar and games room

Traditional and community focussed venue

Scope to increase events and food sessions

3 bedroom accommodation

Customer car park

Attractive beer garden

Property Details

The Barbican Inn Is A Detached Public House Set On The Edge Of Looe, An Approximate 20 Minute Walk From The Town Centre And Harbourside. It Is A Community Local With Good Roadside Presence Having A Customer Car Park To The Side And Beer Garden To The Front. The Business Benefits From Passing Trade From The Nearby Holiday Parks And Has Been Run By Mother And Son Publicans Since 2020(?). The Barbican Offers New Operators A Great Opportunity To Build On Both The Bar And Food Trade With Additional Sessions And Events.

Location

The Communities Of East And West Looe Lie Either Side Of The Looe River In South East Cornwall. It Is Approximately Twenty Miles West Of Plymouth And Eight Miles South Of Liskeard. During The 18th Century, East Looe Became A Significant Fishing Port And Market And Through The Export Of Mineral Ores From Nearby Mines, Its Quayside Activity Increased During The Following Century.

The Centre Of Looe Is Dominated By A Medieval Street Pattern, With Narrow Streets And 17th, 18th And 19th Century Buildings. The Buildings Predominately Provide Ground Floor Retail Accommodation Or Catering Facilities With Residential Dwellings Above. The Residential Accommodation Is Used Both For Owner Occupation, Long Term Lettings And Short-term Holiday Lets.

The Town's Economy Now Relies Far More Heavily On The Tourist Trade, Which Has Seen Significant Growth In Recent Years. It Has A Resident Population Of Around 5,400, Most Of Which Are Within East Looe And In Close Proximity To The Subject Site.

Accommodation

All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition) On A Net / Gross Internal Basis.

Entrance Lobby To Public Bar (10.9m X 7.2m) With Long Wooden Bar Servery , Feature Fireplace, Exposed Ceiling Beams And Space For 34 Covers. Open Plan To Pool Room (4.7m X 3.8m). Customer Wcs. To The Rear Of Bar There Is Access To The Kitchen (4.8m X 2.5m). Walkthrough Storeroom (3.3m X 2.3m), Lobby With Access To Beer Cellar (5.5m X 2.4m), Further Lobby With Rear Access And Stairway To First Floor.

The Living Accommodation Comprises Landing And Central Hallway With Doors Off To Bedroom (3.7m 3.6m), Lounge (5.4m X3.5m) With Door To Flat Roof Terrace And Bedroom (3.6m X 3.6m) With Ensuite, Kitchen (3.6m X 2.4m), Bedroom (3.6m X 2.3m).

External:
Customer Car Park With 16 Spaces. Customer Beer Garden To The Front With Space For 50 Covers. Private Garden To Rear.

Planning

Sui Generis For Pub Use Only.

Rent / Price

The Business Is Available On An Assignment Of The Existing Lease For £20,000 To Include The Trade Inventory. The Lease Is Free Of Brewery Tie And Just Under 10 Years Remain ( 8th July 2035) With The Wellington Pub Company. Purchasers Will Need To Complete A Business Plan And Provide Proof Of Funding To Cover The Purchase Price, Stock (which Is Available At The Point Of Change, 6 Months Rent Plus The Vat At Deposit And Working Capital. Passing Rent £51,380.43 With Next Review In 2030.

Business Rates

From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Value Is £8,200, Which Would Qualify For 100% Relief In Some Circumstances. Council Tax Band A. Interested Parties Are Advised To Confirm The Rating Liabilities With Cornwall Council.

Services

We Understand That Mains Electricity, Water, Gas And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.

Epc

C (54)

Legal Fees

Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction.

Vat

All Figures Quoted Are Exclusive Of Vat If Applicable.

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About the Agent

Vickery Holman

See Agent's Other Properties

Retail Unit

£51,380 / pa
£4,282 / month

The Barbican Inn,Barbican Road, Looe, PL13 1EY

Retail/Shop - Available
15,246 sq ft
1,416 sqm

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