2-bedroom terraced house · PL13 1BP
Sold STCListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Papa Nino restaurant fronts Higher Market Street, just off Fore Street and is the main thoroughfare to the beach. Comfortably seats 22 covers with a range of various seating arrangements.
The feature bay window to the front allows in plenty of light, terracotta tiled flooring and beamed ceilings, give that authentic "Trattoria" dining experience.
The kitchen and restaurant is divided by wooden swing doors with restroom facilities located at the side for the clients.
A full commercial kitchen with multi burner gas hob with large oven under and large grill and extractor over, dish washing facilities with a separate preparation area and ample storage.
A separate maisonette with own entrance at the rear of the property is situated over the first and second floors with living room, kitchen, bathroom and two bedrooms.
Services: Tenure - Freehold Mains Gas, Electric, Water and Drainage. Property is currently business rated and has small business rates relief.
Windows - Wooden Heating - Gas central heating in the living accommodation. Figures/Turnover available to potential purchasers by request.
Viewing Please contact us on if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer Popes Estate Agents - PL13 endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Papa Nino, Higher Market Street, East Looe, Cornwall
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