Freehold Pub /Restaurant, Chapel Street, Redruth, Cornwall, TR15 2DB

Freehold Grade II Listed Public House & Restaurant Located In Redruth
Leasehold Option Available
Potential For Development
Currently Not Trading

Ref 2973

Asking Price £275,000

LocationThis Public House & Restaurant is located in the Cornish town of Redruth. The business is very close to the town centre which has large blue chip and niche independent retailers. The main trunk road through the county the A30 provides easy access to the picturesque town of St Ives which is approximately (16 miles) away. Truro city centre, is (15 miles) away and the popular holiday village of Portreath is only (4 miles) away. Redruth is also on the main railway line from Paddington to Penzance.

Business Description
Veritas Business Sales are delighted to offer for sale this well positioned Public House & Restaurant which is located in the Cornish town of Redruth.. The property has been in the hands of our client since 2015 and is now being offered for sale so that they can concentrate on other business interests. The property has been a watering hole since the 1400's and was recently operating as a restaurant but is currently not trading. Rose Cottage occupies almost a quarter of an acre and is available both freehold or leasehold. The property is Grade II Listed and falls within a conservation area so any development would need to be sympathetic to the existing building or alternatively would suit a multitude of other uses. This is a rare opportunity to purchase a historically renowned property ideally positioned and as such early viewing is highly recommended.

Leasehold Option
New lease to be granted length to be agreed
Rent: £22,000 pa
Reviewed: 5 yearly
Business Rates: zero

Ground Floor
Bar area (11.6m x 4.2m) with 6 booths with tables & seating with covers for (32), feature open fire and various pictures. Bar (4.4m x 1.9m) with usual requirements. Rear Bar (4.8m x 1.5) with 2 coffee machines, under counter drinks fridge. Restaurant 1 (7.9m x 10.8m) with 6 tables & chairs with covers for (30). Restaurant 2 ((9.4m x 4.0m). Cellar (2.4m x 2.1m) with usual cellar requirements. Glass wash area (2.2m x 2.2m) with glass washer. Kitchen (4.3m x 5.4m) comprising: 2 sinks with directional hoses, 3 door chiller unit (Electrolux), microwave (Sharp), grill, 3 door chiller with lamps for pass, various stainless prep tables, commercial extraction canopy, stove (Parry), oven (Rational), dishwasher, upright fridge (Polar) and upright freezer (Polar). Ladies toilets. Gents toilets.

First Floor
Bedroom 1 (3.7m x 3.4m) with en-suite, shower and w/c Bedroom 2 (3.4m x 1.8m Bedroom 3 (3.1m x 3.5m) Bedroom 4 (3.1m x 2.7m) Bedroom 5 (3.2m x 3.5m) Lounge (4.0m x 3.3m) Bathroom (2.7m x2.9m)

External
Front car park for (10) vehicles. Large rear garden with garage (no vehicle access).


"Security of Tenure is a statutory right granted to tenants of commercial leases providing the tenant with an automatic legal right to remain in occupation of their business premises and renew their lease when the contractual term comes to an end."