Summary - 14 Restaurant 2 Polkirt Hill, PL26 PL26 6UR
2 bed 1 bath Detached
Freehold Portuguese restaurant with two-bed apartment above in Mevagissey — trading asset or conversion opportunity..
Freehold Portuguese restaurant with included fixtures and equipment
Long-established business with circa £84,000 annual turnover
Two-bedroom apartment above; potential residential reversion (planning needed)
Prominent, high-footfall seaside trading position in Mevagissey
Licensed for on- and off-sales; three-phase electric in kitchen
Restaurant interior described as small and in need of renovation
Area classed as relatively deprived; conversion/planning risk applies
Large plot, very low flood risk, excellent mobile signal
Set on a prominent corner in picturesque Mevagissey, this freehold Portuguese restaurant with a two-bedroom apartment above offers a rare seaside investment or lifestyle purchase. The business is long-established with circa £84,000 annual turnover, licenced for on- and off-sales, and comes with fixtures, fittings and catering equipment included — reducing immediate capital outlay.
The characterful 19th-century granite building enjoys high footfall in a busy holiday destination and benefits from a large plot, very low flood risk and excellent mobile signal. The first- and second-floor apartment provides two double bedrooms and harbour views from the upper room, or can be returned to full residential use subject to planning consent.
There is clear potential to increase income by extending opening hours, adding delivery platforms, or adapting the ground floor for alternative hospitality uses. The property is attractive to retirees seeking a lifestyle business, investors wanting a coastal asset, or buyers considering conversion back to residential subject to planning.
Buyers should note the ground-floor restaurant interior is described as rustic and small and is said to need renovation in places. The wider area registers as relatively deprived, and conversion back to purely residential use would require planning approval. Despite recent investment by the current owners, ongoing maintenance and management of a trading business in a tourist location remain responsibilities for the purchaser.
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