3 bedroom pub for sale

The King William IV, Church Road, Madron, Penzance, Cornwall, TR20

£395,000

Property Description

Commercial information

  • Use class orders: A4 Drinking Establishments

Key features

  • Detached Character Village Freehouse
  • Completely Renovated & Refurbished
  • 2 Double Bedroom Owner's Accommodation
  • Separate Self Contained Newly Refurbished Annexe
  • Currently Trading Limited Hours On a Lifestyle Basis With Wet Sales Only
  • Genuine Potential To Develop All Aspects of The Trade

Full description

Tenure: Freehold

THE PROPERTY
The King William IV is a deceptively spacious detached character village freehouse which is extremely well presented throughout, having been the subject of complete renovation and refurbishment over the last 5 years, including a complete upgrade and refurbishment of all of the public areas, and the creation of the detached self-contained annexe. This well regarded freehouse is quietly traded by our clients in order to fit in with their lifestyle requirements and consequently offers wet sales only with genuine potential to develop food sales. The character filled premises briefly comprise: - Character Main Bar and Dining Area (30+), Lounge Area (16), newly fitted Kitchen, Ancillary Facilities, good sized Owner's Accommodation with 2 Double Bedrooms, Sitting Room and a Bathroom. Externally, the property benefits from a Self-Contained Annexe Apartment, being an impressive and stylishly converted outbuilding, which offers a Sitting Room with Kitchenette, Double Bedroom and a luxury Shower Room. The property benefits from Off Road Parking Areas to the front and rear as well as unrestricted parking on the surrounding roads, with a village car park nearby. There is an Al Fresco customer Seating Area for 14 customers, a Single Garage, Beer Cellar/Storeroom and an attractive Owner's Private Walled Garden Area. An internal inspection is strongly recommended in order to fully appreciate all that this impressive and deceptively spacious village freehouse has to offer. Plans have been drawn up to convert the attic space to provide 3 Ensuite Letting Bedrooms, subject to planning consents.

SITUATION
The King William IV is located within the heart of the popular village of Madron, one of the most desirable villages in West Cornwall. With a true countryside feel, yet located within 2 miles of the coast, Madron offers a village primary school and the King William IV is very much at the centre of the village community. The nearby town of Penzance is a short drive away and offers a main line rail link to London Paddington. Surrounded by some stunning walks, within easy reach of Penzance and the West Cornwall coastline a more idyllic location is hard to find.

INTERNAL DETAILS
Main customer entrance door leading into Entrance Vestibule with carpeted flooring and door into Main Bar and Dining Area an attractive and traditional character L' shaped trading area with carpeted flooring, heavily beamed ceilings, part wood panelled walls, feature lighting, feature fireplace with inset gas living flame effect stove, range of freestanding wooden tables and chairs comfortably seating 30 customers plus adequate standing room. Open plan through into Lounge Area a continuation in style theme and ambiance with carpeted flooring, exposed ceiling timbers, part wood panelled walls, feature open fireplace with exposed granite stone surround, range of free standing wooden tables, chairs, upholstered window seating and sofas comfortably seating 16 customers. Timber fronted and polished timber topped Bar Servery with associated back bar fittings and open display shelving, double glass fronted bottle fridge, electric cash register and stainless steel sink unit. Ladies and Gents WC's. Kitchen recently refitted to a high standard with a range of modern grey gloss fronted base and wall mounted kitchen units with complementary wood effect work surfaces, stainless steel sink unit, central island food preparation area with cupboard space below, wash hand basin, dual fuel range cooker, extractor canopy over, two food storage cupboards, dishwasher, walk in pantry, additional food preparation area with pizza oven, 2 commercial microwave ovens, fridge and warming cabinet. Utility Room. Office.

PRIVATE ACCOMMODATION
Situated on the first floor is the well presented Owner's Accommodation which has been refurbished to a high standard and comprises: - Sitting Room with aspect to rear. Bedroom 1 a double bedroom with aspect to rear. Bathroom with modern white suite and shower over bath. Bedroom 2 a double room with aspect to rear.


SELF CONTAINED ANNEXE
Impressively converted from an outbuilding around 3 years ago to create high quality owners/guest accommodation which is exceptionally well presented and briefly comprises: - open plan Sitting Room with Kitchenette Area with double doors and windows into the courtyard, range of modern grey gloss fronted base and wall mounted kitchen units with complementary work surface incorporating stainless steel sink unit. Shower Room fitted with a modern walk in shower cubicle with electric shower. Double Bedroom with roof light. The annexe provides impressive additional owners/guest accommodation or could, subject to the necessary consents, be utilised as a letting unit.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS
The pub occupies a prominent and visible landmark trading position. To the roadside is a Parking Space directly in front of the Garage which has doors to the front and rear allowing access through to the Private Garden Area. To the rear of the property is a further Car Park Area with space for 2/3 vehicles and Alfresco Seating for around 14 customers. Further unrestricted car parking is available around the pub and also in the nearby village car park. Beer Cellar temperature controlled on the ground floor with Belfast sink. Owner's Private Walled Garden Area an attractive private garden enjoying a high degree of privacy with astro turf areas, palm tree and flower bed borders.

THE BUSINESS
The King William IV has been re-established as a local community village pub which is wet lead and is extremely well presented throughout. The property has been refurbished and renovated by our clients during their 5 years of ownership, whilst enhancing the attractive characterful interior. The business enjoys a popular local following, as well as an uplift from visitors to the area. In order to fit in with our client's lifestyle requirements, the pub is currently wet sales only with no food being offered. The business benefits from an active following on Facebook and benefits from numerous excellent reviews on TripAdvisor and Google. Plans have also been drawn up to convert the attic space to provide 3 ensuite bedrooms, subject to the necessary consents. The sale of the King William IV represents an excellent opportunity to purchase a well-presented traditional village freehouse with owner's accommodation, and a potential letting unit, which is situated in an extremely desirable part of the west country.

OPENING HOURS
To fit in with our client's lifestyle requirements the opening hours of the business are deliberately restricted. The current opening hours are 6.30pm - close Wednesday and Thursday, 5pm - close Friday, 12pm - 2pm and 5pm - close Saturday, and 12pm - 2pm and 7pm - close on Sunday. The business is closed all day on Monday and Tuesday.

TRADING INFORMATION
The business is run on limited hours with wet sales only, in order to specifically fit in with our client's lifestyle requirements and trade is deliberately kept below the VAT threshold. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

CURRENT STAFFING
The business is run by our clients with no staff being employed.

POTENTIAL
The King William IV is a well-regarded village freehouse which offers undoubted potential for incoming operators to stamp their mark on the business and develop all aspects of the trade still further. There are specific opportunities to increase the current trading hours and by establishing food sales for which undoubted demand exists. There is also the opportunity, subject to the necessary consent, to utilise the annexe for letting purposes with undoubted opportunities to generate additional income. There is also the opportunity to apply for planning application to create 3 ensuite letting bedrooms and create sought after letting accommodation subject to the necessary consents.

EPC
C-74

RATING
We are advised that the property is currently eligible for 100% small business rate relief. For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website

SERVICES
All mains services are connected to the property.

PRICE & TENURE
£395,000 for the valuable freehold property as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel: .Email:
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.


More information from this agent

Nearest stations

  • Penzance (1.6 mi)
  • Carbis Bay (6.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

STONESMITH, Exeter

Suite B, Castle View Barns, Woodmanton, Exeter, Devon EX5 1HQ

01392 799015 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 (1.6 mi)
  • Carbis Bay (6.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

STONESMITH, Exeter

Suite B, Castle View Barns, Woodmanton, Exeter, Devon EX5 1HQ

01392 799015 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.

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