Lamorna Cove evokes all that is romantic, artistic and mysterious about the county of Cornwall and it is a name that is known throughout the Southwest and far beyond. After a long guardianship the current owners are looking for the next family to fall in love with the cove as they have and to protect it for many years to come.
The property is situated on the South West coast path which runs through the title and is a recommended stopping point on the itinerary being an excellent place to rest between Penzance and Lands End. The town of Newlyn lies approximately 3 miles north and Penzance approximately 4 miles north. Lamorna Cove provides outstanding sea views with nearby attractions such as The Minack Theatre, Land’s End and Porthcurno.
The commercial building provides a detached property comprising café and retail unit to the ground floor and two apartments to the first floor, with external café seating area and kayak store. The property is accessed via a private road leading down into the cove for which full pedestrian and vehicular rights will be given.
The main building is a two-storey detached property with part roof terrace. The property is situated on the front of the harbour and benefits from unspoilt
sea views. The cafe comprises a seating area (30 covers) and kitchen with additional harbourside two-level patio seating (80 covers) and we are
advised that this is leased to a family member for £15,000 per annum on an informal basis. There are no trading accounts and purchasers may wish to explore continuing with the current position or to purchase with vacant possessing as best suits their needs. There is a single WC, preparation room and store accessed externally. The retail unit comprises a shop floor only and has been let on yearly rolling lease at an advised rent of £4,400 per annum – lease renews in September each year.
The kayak store has been leased out for the Summer season with an advised rent of £1,000 per calendar month.
The two apartments: Lookout (1 bed) with holiday use consent and Harbour View (2 bed) with residential consent. These areas have not been inspected by the agent. Our client use Cornish Horizons to manage their holiday bookings for The Lookout and advise a gross income of £25,000 per annum from 40 weeks, tending to use the apartment themselves and for renovation November through March. Harbour View is let on an AST basis under 12 month term from September at advised £1,000 per
calendar month, tenant paying all bills.
As a part of the transaction 4 car parking spaces will be available by way of 75 year lease at £50 per annum per space.
Please talk to our Leisure team for this, or other, opportunities in the South West.
