Pub for sale

Pirate Inn, Alverton, Penzance, Cornwall

£39,950

Property Description

Key features

  • HISTORIC CHARACTER PUBLIC HOUSE
  • 2 BAR AREAS & DINING (CIRCA 30 COVERS)
  • CONSISTENT TRADE (70% WET/30% DRY)
  • EXTENSIVE GARDENS & GROUNDS
  • 3 BEDROOM OWNERS ACCOMMODATION
  • REMAINDER OF SECURE LEASE
  • EPC (F)

Full description

Historic public house with extensive grounds on the edge of Penzance town. With two bar areas and a dedicated dining area, this property exudes much character. On the first floor are 3 bedrooms, lounge, kitchen and bathroom. The Pirate Inn is largely a community pub with seasonal uplift. Assignment of secure lease. Viewing highly recommended.

HISTORIC CHARACTER PUBLIC HOUSE
2 BAR AREAS & DINING (CIRCA 30 COVERS)
CONSISTENT TRADE (70% WET/30% DRY)
EXTENSIVE GARDENS & GROUNDS
3 BEDROOM OWNERS ACCOMMODATION
REMAINDER OF SECURE LEASE
EPC (F)

Location - The Pirate Inn is situated in the Alverton area of Penzance, a largely residential area on the edge of town, within walking distance of all amenities and the harbour front. Penzance is an attractive town, with a leisure harbour, working port and dry dock, busy town with national and niche retailers and is also the embarkation point for the Scillonian Ferry to the Isles of Scilly.

Penzance has seen a significant amount of investment in recent years in terms of residential, commercial and infrastructural improvements.

The Property/Business - We are advised the Pirate Inn dates back to the early 1600's and has been a Public House since circa the 1940's. The premises are an attractive two storey cottage style building, with much character and briefly comprises a large Public Bar, with steps up to a dining room, separate lounge bar/games area and commercial kitchen. On the first floor is the extensive three bedroom owners accommodation (some of which has previously been used for for bed and breakfast accommodation), a large lounge, recently refitted kitchen and separate bathroom.

A major boon to the property is the extensive grounds which it sits within, the including large play area for children, lawn area and also a large car park.

In terms of the trade, we are advised the trade split is currently in the region of circa 70% wet and 30% dry sales, has a strong local following with seasonal uplift. The trading profit and loss account for the most recent year (August 2016) showed net sales of £208,157, with a gross profit level of 50% and which produced an adjusted net profit of circa £20,000 per annum (after deducting all normal overheads and wages of £29,000). Further accounting information will be made available subsequent to a viewing appointment in the normal manner.

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

Entrance door into:-

Public Bar - 8.24m x 4.14m. An attractive introduction to the property with an inset multi fuel burner, two windows to the front elevation taking in views over the trade garden, with window seats. Built in wooden return bar/servery, inter-connecting to the second bar. Steps up to:-

Dining Room - 5.57m x 5.34m. 2 windows to the side and 1 window to the front elevation, exposed floor boards, a very attractive room set up for circa 24 covers. Door through to:-

Kitchen - 3.39m x 2.4m. 2 windows to the side elevation. Equipped commercial kitchen with 6 ring gas burner (extraction system over), plastic wipable walls and Altro commercial non-slip flooring, stainless steel work benches and undercounter chiller cabinets.

From first Public Bar through to:-

Second Bar/Games Room - 11.25m x 4.48m. 3 windows to the rear elevation, Wood burner, exposed stone wall and wooden return bar/servery. Door to:-

Rear Lobby - With ladies and gents wc's and door to the outside. Stairs ascending to:-

First Floor -

Owners Accommodation -

Kitchen - 4.96m x 2.59m. A recently refitted private owners kitchen with matching base and wall units. 8 ring gas cooker with double oven below, extraction over. Stainless steel drainer unit and with tiled splash back walls.

Bedroom 1 - 5.17m x 4.53m (maximum). Window to front elevation, en-suite shower.

Bedroom 2 - 5.22m x 3.83m. Window to rear elevation, en-suite shower.

Bedroom 3 - 4.01m x 3.10m. Window to rear elevation, built in wardrobe, en-suite shower.

Owners Lounge - 5.63m (maximum) x 4.83m. Window to front and 2 windows to the side elevations. Steps down to:-

Bathroom - Window to side elevation, bath with shower over, low level wc and pedestal wash hand basin.

Outside - To the side of the property:-

Store Room - 6.07m x 4.11m. With power and light connected and up and over garage door.

Second Store/Freezer Room - 3.67m x 4.21m.

Tenure - We are advised the Pirate Inn is operated via the residue of a renewable 10 year Enterprise Inns lease commenced 28trh August 2013, which is within the Security of Tenure Provisions of the Landlord and Tenant Act 1954 and which has a current passing rental of £22,000 per annum (to include the accommodation) and which has a 5 year Rent Review. The property is held on a full repairing and insuring basis and has a full product tie.

General Information - 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 F.

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 are advised the business currently holds the relevant Premises Licence for the sale of intoxicating liquor on and off the premises.

Business Rates - We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.

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.

Superfast Broadband - For more information on whether the premises are capable of benefitting from the new high speed fibre-based broadband connection visit http://www.superfastcornwall.org/.

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

Energy Performance Certificates (EPCs)

Nearest stations

  • Penzance (0.9 mi)
  • St. Erth (6.1 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

  • Penzance (0.9 mi)
  • St. Erth (6.1 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 27028724. 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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