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Barbican Inn Barbican Rd 2,356 SF of Assignment Available in Looe PL13 1EY
ASSIGNMENT HIGHLIGHTS
- Detached Public House
- Traditional and community focussed venue
- 3 bedroom accommodation
- Open plan public bar and games room
- Attractive beer garden
- Customer car park
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 2,356 SF | Jul 2035 | $11.31 /SF/YR $0.94 /SF/MO $26,648 /YR $2,221 /MO | TBD |
Ground
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 as deposit and working capital. Passing rent £51,380.43 with next review in 2030.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as a Drinking Establishment
- Space is an outparcel at this property
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 | 2,356 SF | Gross Leasable Area | 2,356 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Bar |
| Total Space Available | 2,356 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 2,356 SF |
| Year Built | 1950 |
ABOUT THE PROPERTY
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.
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Barbican Inn | Barbican Rd
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