Summary - THE OLD GRANARY, THE QUAY PL13 1AL
1 bed 1 bath Cafe
Established quay-front cafe — turnkey trade but short lease and high ground rent require investor caution..
- Prime waterfront location with high tourist footfall
- Licensed premises: beers, wines and spirits permitted
- Turnkey cafe; fully equipped for immediate trade
- Only three years remaining on lease; short-term tenure
- High ground rent £16,500 per year
- High flooding risk — insurance and resilience needed
- Monthly rent c. £1,300; leasehold trading model
- Separate garage and optional nearby parking negotiations
Set on Looe’s attractive waterfront, The Old Granary (The Old Boat House) is a long-established, characterful cafe with immediate passing trade from tourists and locals. The premises are presented fully equipped for daytime trade and hold a premises licence for beers, wines and spirits, making it suitable for breakfast, brunch and afternoon service.
The cafe is a true quay-front location offering strong visibility, potential access to nearby parking bays via the Harbour Commissioners, and a separate garage that can be negotiated for storage. Utilities and communication are adequate for trade (excellent mobile signal; average broadband). The setting and local amenities support year-round tourism-led demand.
Buyers need to be aware of material constraints: the business is leasehold with only three years remaining on the lease, a situation that will likely deter mortgage lenders and limit financing options. Ground rent is very high at £16,500 pa, and the site is in a high flooding-risk zone. These factors materially affect running costs, insurance and long-term security and should be factored into any offer or business plan.
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