Summary - St Ives, Cornwall TR26 1SE
4 bed 1 bath Restaurant
Turnkey restaurant, bar and boutique suites with approved sea‑view expansion.
- Freehold bar, restaurant and two luxury suites; turnkey operation
- 2024 turnover £605,057; accommodation contributed £118,817
- 51-cover restaurant with full commercial kitchen and pizza oven
- Planning passed for two sea‑view suites with balconies (plans available)
- Newly renovated (2021) with period features and modern HVAC systems
- Small plot, mid-terrace Victorian building in conservation area
- Slow broadband, above-average local crime and area deprivation
- Current limited opening hours; clear growth potential by extending trade
A rare freehold combining a highly rated bar/restaurant and two luxury guest suites in a prime St Ives conservation location. The ground-floor restaurant is fully equipped for 51 covers, trading well with a 2024 turnover of £605,057 and clear scope to increase revenue by extending opening hours and promoting takeaways.
The property was comprehensively renovated in 2021 to a high standard, retaining Victorian features such as high ceilings, stone walls and fireplaces while adding modern comforts: underfloor heating, air-source heating, air-conditioning and quality fixtures throughout. Planning permission is granted for two additional sea-view suites with balconies on the second floor, offering immediate asset-led upside.
Practical considerations: the site sits on a small plot in a deprived, ageing-urban area with above-average crime and slow broadband; these factors should be weighed against strong tourist footfall and proximity to transport hubs and beaches. Current opening hours are limited for family reasons, presenting a straightforward operational opportunity for a new operator to drive higher turnover.
Overall this is a turnkey hospitality investment with multiple income streams (restaurant, bar, boutique accommodation) and development potential. Buyers should factor in the usual running costs for a busy hospitality operation, and the commercial realities of trading seasonality in a holiday destination.
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