Pub for sale

The Collins Arms, 18, Higher Fore Street, Redruth, Cornwall

Offers in Region of £270,000
754 sq. ft.

Property Description

Commercial information

  • 754 sq ft (70 sq m)

Key features

  • HISTORIC EDGE OF TOWN CENTRE FREEHOUSE
  • REFURBISHED PUBLIC BAR & GAMES ROOM
  • SIX LETTING BEDROOMS
  • ONE BEDROOM OWNERS' ACCOMMODATION
  • REAR COURTYARD & SMOKING AREA
  • ENERGY PERFORMANCE ASSET RATING (C)

Full description

Collins Arms Freehouse is situated in Higher Fore Street, just off the main high street in Redruth. The premises have been subject to re-configuration and have six letting bedrooms. Priced to sell by motivated sellers.

Summary - HISTORIC EDGE OF TOWN CENTRE FREEHOUSE
REFURBISHED PUBLIC BAR & GAMES ROOM
SIX LETTING BEDROOMS
ONE BEDROOM OWNERS' ACCOMMODATION
REAR COURTYARD & SMOKING AREA
ENERGY PERFORMANCE ASSET RATING (C)

Location - Collins Arms is situated in Higher Fore Street, just off the main high street and is widely regarded as a peripheral town centre freehouse. Redruth is an historic town, built up around the boom time which surrounded the extraction of tin and copper in the surrounding mines and most latterly has been subject to a pedestrianisation and upgrading scheme on the principal Fore Street.

Redruth is the town and civil parish of the district of Kerrier and is close to the main A30 trunk road linking east and west Cornwall. The current recorded population (2001 cenus) was12,352; however, has seen significant residential development on the periphery and indeed multiple house schemes within the town centre since.

Property / Business - The Collins Arms is reputed to be the oldest public house in Redruth and as its signage displays, the public house is thought to date back to the mid-17th century and was most probably formerly two cottages, or indeed given the wide arched doorway may have been a coaching house.

Today, the Collins Arms enjoys very strong local trade, is c. 85% wet sales and the remaining 15% bed and breakfast sales. This community pub has 9 darts teams, 2 pool teams and 1 euchre team. During our clients 17 year tenure they have undertaken a significant programme of investment and restructuring of the business, most recently the creation of a new bar and separate seating area and the inclusion of 6 guest letting bedrooms.

The business principally trades as an evening venue Monday Saturday from 5.00 pm to 12 midnight and on Sunday 4.00 pm to midnight. The business is presented in very good order and an internal inspection is highly recommended.

We are advised the turnover for the period 1st April 2017 to end Jan 2018 showed net sales of c. £105,000, producing a profit of c. £25,000 to £30,000 pa. Further accounting information will be made available subsequent to a viewing appointment in the normal manner.

Schedule Of Accommodation - (all areas and dimensions are approximate)

Entrance Hallway Into :- - Public Bar: 5.85m x 5.62m. Two windows to the front elevation, solid oak bar with 10 pump heads, reupholstered seating and chairs, new carpet and flooring. Behind Bar and with external (side alley).
Cellar: 2.33m x 2.11m, door to rear courtyard and side access for deliveries.
Entrance Porch into:-
Games/Seating Area: 7.4m x 5.87m, two windows to front elevation, spacious and delightful room with defined area for darts, pool table and seating, new carpet and commercial flooring.

Through To :- - Kitchen: 3.45m. X 2.35m. Well-equipped kitchen with 7-ring commercial gas cooker with double oven below, extraction over. Matching base and wall units, built-in stainless steel draining unit. Tiled walls. Door and window to rear elevation.
Male & Female WCs: door to rear elevation

First Floor Owners Accommodation - Large landing with seating area, two windows to rear elevation:
Landing: Two windows to rear elevation, space for seating.
Lounge/Study Area: Two windows to rear elevation.
Double bedroom : Two windows to front elevation, en-suite shower and built-in wardrobe/storage cupboard.

Schedule Of Letting Accommodation - All equipped with tea and coffee facilities and colour televisions.
Bedroom 1: Double room, window to front, vanity unit.
Bedroom 2: Twin room, window to front, vanity unit.
Bedroom 3: Single window to rear, vanity unit.
Shower room: Well appointed shower room, low level WC, pedestal wash hand basin, window to rear elevation.

Outside / Letting Rooms - Letting Rooms :
Accessed via courtyard.
Lounge
Bedroom 4 : Double bedroom, large picture window to courtyard.
Bedroom 5 : Triple bedroom, window to front elevation.
Bedroom 6 : Family bedroom, window to courtyard elevation.
Laundry Room: 5.81m x 2.42m with sink and range of base units.
Store Room: 2.77m x 2.39m

Preparation/Wash Up: 2.73m x 2.34m
Smoking Area and Courtyard Garden.

Local Authority: - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Business Rates: - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services: - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Value Added Tax: - All the above prices/rentals are quoted exclusive of VAT, where applicable.

Premises Licence: - We understand the business currently holds a premises licence in respect of sale of liquor on and off the premises.

Inventory: - Detailed Inventory of all fixtures and fittings and equipment to be included within the sale will be provided by Miller Commercial prior to exchange of contracts.

Stock: - To be taken at valuation

Energy Performance Certificate: - The Energy Performance Rating for this property is Band C.

Finance: - If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information: - For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverley Northey on 01872 247031 or via email bn@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


More information from this agent

Nearest stations

  • Redruth (0.1 mi)
  • Camborne (3.7 mi)
  • Perranwell (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Redruth (0.1 mi)
  • Camborne (3.7 mi)
  • Perranwell (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 27612490. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Commercial, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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