Rising Sun, Altarnun, Launceston, Cornwall

Rising Sun, Altarnun, Launceston, Cornwall , PUBLIC HOUSE , Launceston

£450,000.00

Launceston

- Landmark Freehouse Restaurant, Campsite & Letting Rooms - Let for 7 years from March 2022 - Passing rent <£45,000, with RPI linked rent review in March 2025 - Net Initial Yield of 9.57% based on the asking price, with estimated reversionary yield of circa 11.6% from March 2025 - Additional rent review mechanism effective on completion of defined Landlord's Works. Potential to also agree a rental uplift on completion of additional Landlord's works to letting rooms - Spacious outdoor seating in front and rear garden areas, with parking available for 40+ cars - Campsite of circa 1 acre, with 8 electric hook-ups - Total site area circa of 1.5 acres, offering development potential, subject to obtaining necessary consents - Three en-suite letting rooms within the main building (currently partially refurbished & near completion) - Planning consent granted in 2018 for extension that would deliver 8 en-suite letting rooms, 2 self-catering units, and restaurant extension (works not undertaken)

- Landmark Freehouse Restaurant, Campsite & Letting Rooms - Let for 7 years from March 2022 - Passing rent <£45,000, with RPI linked rent review in March 2025 - Net Initial Yield of 9.57% based on the asking price, with estimated reversionary yield of circa 11.6% from March 2025 - Additional rent review mechanism effective on completion of defined Landlord's Works. Potential to also agree a rental uplift on completion of additional Landlord's works to letting rooms - Spacious outdoor seating in front and rear garden areas, with parking available for 40+ cars - Campsite of circa 1 acre, with 8 electric hook-ups - Total site area circa of 1.5 acres, offering development potential, subject to obtaining necessary consents - Three en-suite letting rooms within the main building (currently partially refurbished & near completion) - Planning consent granted in 2018 for extension that would deliver 8 en-suite letting rooms, 2 self-catering units, and restaurant extension (works not undertaken)

DOWNLOAD BROCHURE