Pub for sale

The Cornish Arms, St Ives Road, St Ives

£525,000

Property Description

Key features

  • HISTORIC FREEHOUSE NEAR ST IVES
  • 2 BAR AREAS & DINING FOR 60 COVERS
  • 2 BEDROOM OWNERS' ACCOMMODATION
  • CONSISTENT TRADE & PROFITS
  • A RARE FREEHOLD OPPORTUNITY
  • EPC (C)

Full description

A rare freehold opportunity on the outskirts of St Ives. A beautiful character property with many features. Well presented and equipped. Consistent turnover and profits.
Viewing recommended.

Location - The Cornish Arms is one of the most prominent and attractive businesses as one enters St Ives, being an historic characterful building which has an abundance of flowers and hanging baskets in the Spring and Summer months.

St Ives itself requires little introduction as one of the county's, if not the country's foremost holiday destinations, which regularly receives many national tourism accolades. St Ives has a number of national and particularly niche retailers and several beaches and campsites within the area; along with superb serviced accommodation, making it a very desirable place in which both to holiday and indeed live.

The Property/Business - The Cornish Arms is a deceptively spacious character 2-storey building which comprises a front and rear bar, with a few steps up to a large gaming area and space for dining, with a large commercial kitchen and service area to the side and rear. To the rear of the property is a courtyard with covered smoking area and on the first floor is the owners accommodation.

In terms of the trade, we understand a Public House has traded on the site for approximately 200 years, has been in our clients tenure for the past 4 years who are now selling due to impending retirement plans. The Cornish Arms has a wide following within the immediate community and also receives uplift in trade during the holiday season. We are advised the Pub has several pool and darts teams.

We are advised the turnover for the year end May 2016 showed net sales of circa £219,000, which produced a gross profit level of 59% and an adjusted net profit (after all normal overheads and employee costs), of approaching £70,000. The trade split is currently 62% wet sales and 38% dry sales. Further accounting information will be made available subject to a viewing appointment in the normal manner.

For further information regarding the business please see our clients website, www.thecornisharmsstives.co.uk

The Accommodation Comprises - (all areas and dimensions are approximate)

Principal Bar - 6.60m x 5.01m. A very attractive introduction to the property with exposed stone walls, built in wooden bar servery and tables and chairs. Working fireplace adds to the charm.

Dining Areas - 10.79m x 3.69m. Three dining areas with windows to two elevations, with exposed stonework and tables and chairs for circa 45 covers.

Second Bar/Dining Area - 5.62m x 4.14m. Built in wooden bar/servery and tables and chairs for circa 10 covers.

Steps up to;

Pool/Games Room - 7.77m x 6.77m (maximum) narrowing to 3.80m, of triangular shape and space for a pool table and darts oche, door through to ladies and gents wc's. Door through to;

Courtyard - Walled courtyard with smoking shelter, 3 trestle tables.

Cellar - 4.28m x 3.77m

Bottle Store - 3.63m x 2.52m

Accessed by the second bar area or from the front is the;

Commercial Kitchen - 4.20m x 3.62m. A well equipped commercial kitchen with 6 ring gas hob and oven, with extraction system over, commercial non-slip safety flooring; with a comprehensive range of commercial cooking equipment ( a full Inventory to be supplied).

Side Storage - An area off the kitchen and with access to the front door, space for freezers/fridges etc and understair cupboard for spirits etc.

Owners' Accommodation - Accessed via internally or via the front door, stairs ascending to the;

First Floor -

Lounge - 5.22m x3.66m. 2 windows to front elevation, feature fireplace with stone mantle. Shelving in the recess.

Office/Store -

Bedroom 1 - 3.95m x 2.78m. Window to rear elevation.

Bedroom 2 - 3.65m x 3.21m. Window to front elevation.

Shower Room - Shower cubicle, low level wc, vanity unit with basin, heated towel rail. Door leading onto;

Private Terrace -

General Information -

Contact Information - For further information or an appointment to view please contact Graham Timmins on 01872 247019.

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

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

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

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

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

Stock - To be taken at valuation

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

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

Energy Performance Certificates (EPCs)

Nearest stations

  • Carbis Bay (0.5 mi)
  • St. Ives (0.6 mi)
  • Lelant (2.0 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

  • Carbis Bay (0.5 mi)
  • St. Ives (0.6 mi)
  • Lelant (2.0 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 26526569. 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.

Map data OpenStreetMap contributors.