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49 North Parade 2,035 SF of Assignment Available in Falmouth TR11 2TE
ASSIGNMENT HIGHLIGHTS
- A popular restaurant and bar enjoying a captive trading position adjacent to Falmouth Marina, taking in stunning estuary views
- Equipped commercial kitchen (350 sq ft)
- Gross sales approaching £500,000 per annum
- A spacious and well appointed 80-cover restaurant with feature built-in bar servery (1,980 sq ft approx)
- Outside seating for approximately 30 covers taking in the excellent marina and estuary views
- An excellent restaurant opportunity in a thriving marina in the ever popular harbour town of Falmouth
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Upper Deck Restauran | 2,035 SF | Aug 2030 | $25.25 CAD/SF/YR $2.10 CAD/SF/MO $51,393 CAD/YR $4,283 CAD/MO | TBD |
1st Floor, Ste Upper Deck Restauran
Tenure: Leasehold. A 21-year internal repairing and insuring lease from 2009, with three yearly rent review pattern and a current rent of £27,632 plus VAT per annum, plus service charge (details awaited). Business premium to purchase for £100,000. The UpperDeck licensed restaurant trades daily from 11.30am to 10.30pm, with food being served 12pm to 3pm and 5pm to 9pm. In addition to the main restaurant and bar trade, the business also provides occasional live music and also offers and excellent environment for private functions. For year end October 2024, the business generated gross sales approaching £500,000 for the twelve month period. Further accounting information will be made available seriously interested parties following a viewing appointment.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Partitioned Offices
- Secure Storage
- Energy Performance Rating - B
- Private Restrooms
- Outstanding licensed restaurant and bar
- Reception hall with access to customer cloakrooms
- Outside seating with stunning marina vista
- Store room with office area and cellar
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 2,035 SF | Gross Leasable Area | 8,122 SF |
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Restaurant |
| Total Space Available | 2,035 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 8,122 SF |
| Year Built | 1970 |
ABOUT THE PROPERTY
This outstanding licensed restaurant and bar offers approaching 2,000 sq ft of restaurant/ function space enjoying a stunning marina vista. Briefly, the accommodation comprises reception hall with access to customer cloakrooms; main restaurant area with a well-equipped bar servery; a further restaurant area/function room; outside seating to the front and rear providing circa 30 covers with views over the marina and estuary beyond; equipped commercial kitchen; store room with office area, and cellar. The UpperDeck enjoys an enviable trading location in Falmouth Marina, providing a virtually unopposed restaurant business. The marina provides an immediate captive audience in addition to the normal day-to-day trade. Falmouth is one of the UK’s most popular harbour resorts attracting large numbers of tourists throughout the year due to its beautiful harbour, coastline, beaches and the National Maritime Museum.
- 24 Hour Access
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49 North Parade
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