Summary - The Olde Globe Market Jew Street, Penzance, Cornwall, TR18 2HN TR18 2HN
1 bed 1 bath House
**Standout Features:**
- Popular town centre café with a consistent turnover of approximately £250,000.
- Includes a spacious 1-bedroom apartment with views of St. Michael's Mount.
- 15-year lease assignment with current rent at £1,750 per month.
- Versatile layout with potential for enhanced business hours and menu offerings.
- High foot traffic location in the thriving harbourside town of Penzance.
**Potential Concerns:**
- Leasehold property with only 7 years remaining; could limit financing options.
- Higher crime rates in the area and very slow broadband speeds.
- Property requires maintenance and may lack insulation.
Embark on your entrepreneurial journey with this prime café located in the vibrant centre of Penzance, characterized by its charming Victorian architecture and high foot traffic. This well-established business comes with a promise of steady income and growth potential, making it an ideal first venture for aspiring restaurateurs. Enjoy the unique benefit of a spacious 1-bedroom apartment above the café, offering an idyllic view of St. Michael's Mount—a perfect sanctuary after a busy day in the café.
Although the property has some limitations—with only seven years left on its lease and certain maintenance issues—there's immense potential to expand operating hours and introduce a wider menu, including possible evening service and alcohol sales. The charming locale is surrounded by valuable amenities and a supportive community enhancing its appeal. Don't miss out on this rare opportunity—schedule a viewing today and envision the possibilities for your future business!
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