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The Wheelers 48 Fore St 13,692 sq ft Retail Property Torpoint PL11 2AD £600,000 (£43.82/sq ft)
Investment Highlights
- Prominent town center position in Torpoint’s bustling Fore Street trading hub.
- Commercial kitchen and refrigerated cellar with secure rear delivery access.
- Two expansive bar areas with integrated entertainment infrastructure and full bar service equipment.
Executive Summary
The business has been in the present hands since 2012. During their tenure, our clients have undertaken an extensive programme of renovation and improvements to the property which now presents superior trade areas, complimented by spacious and versatile owner’s accommodation. It is only now offered for sale as our clients are
looking to retire. The business is currently run by one full-timeproprietor together with the assistance of hispartner. They employ a full-time manager (36hrs/week) together with a pool of9 part-time staff. The current WAGE BILL is approximately £1,400 per week, but it is felt that if the unit was operated by two fully involved proprietors, the number of staff could be reduced and a significant saving made of wage costs.
looking to retire. The business is currently run by one full-timeproprietor together with the assistance of hispartner. They employ a full-time manager (36hrs/week) together with a pool of9 part-time staff. The current WAGE BILL is approximately £1,400 per week, but it is felt that if the unit was operated by two fully involved proprietors, the number of staff could be reduced and a significant saving made of wage costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
13,692 sq ft
Costar Property Class
B
Year Built
1900
Price
£600,000
Price per sq ft
£43.82
Tenancy
Single
Number of Floors
3
Plot ratio
3.49
Total Plot Size
0.09 ac
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Nearby Major Retailers
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The Wheelers | 48 Fore St
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