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PIRATE INN, ALVERTON, PENZANCE, CORNWALL, TR18 4PS £45,000
PIRATE INN, ALVERTON, PENZANCE, CORNWALL, TR18 4PS £45,000
B39884
HISTORIC CHARACTER PUBLIC HOUSE2 BAR AREAS & DINING (CIRCA 30 COVERS)CONSISTENT TRADE (70% WET/30% DRY)EXTENSIVE GARDENS & GROUNDS3 BEDROOM OWNERS ACCOMMODATIONREMAINDER OF SECURE LEASEEPC (F)
LOCATIONThe Pirate Inn is situated in the Alverton area of Penzance, alargely residential area on the edge of town, within walkingdistance of all amenities and the harbour front. Penzance is anattractive town, with a leisure harbour, working port and drydock, busy town with national and niche retailers and is alsothe embarkation point for the Scillonian Ferry to the Isles ofScilly.
Penzance has seen a significant amount of investment in recentyears in terms of residential, commercial and infrastructuralimprovements.
THE PROPERTY/BUSINESSWe are advised the Pirate Inn dates back to the early 1600'sand has been a Public House since circa the 1940's. Thepremises 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/gamesarea and commercial kitchen. On the first floor is the extensivethree bedroom owners accommodation (some of which haspreviously been used for for bed and breakfastaccommodation), a large lounge, recently refitted kitchen andseparate bathroom.
A major boon to the property is the extensive grounds which itsits within, the including large play area for children, lawn areaand also a large car park.
In terms of the trade, we are advised the trade split is currentlyin the region of circa 70% wet and 30% dry sales, has a strong
local following with seasonal uplift. The trading profit and lossaccount for the most recent year (August 2016) showed netsales of £208,157, with a gross profit level of 50% and whichproduced 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 availablesubsequent to a viewing appointment in the normal manner.
THE ACCOMMODATION COMPRISES(all areas and dimensions are approximate)Entrance door into:-
PUBLIC BAR8.24m x 4.14m. An attractive introduction to the property withan inset multi fuel burner, two windows to the front elevationtaking in views over the trade garden, with window seats. Builtin wooden return bar/servery, inter-connecting to the secondbar. Steps up to:-
DINING ROOM5.57m x 5.34m. 2 windows to the side and 1 window to thefront elevation, exposed floor boards, a very attractive roomset up for circa 24 covers. Door through to:-
KITCHEN3.39m x 2.4m. 2 windows to the side elevation. Equippedcommercial kitchen with 6 ring gas burner (extraction systemover), plastic wipable walls and Altro commercial non-slipflooring, stainless steel work benches and undercounter chillercabinets.
From first Public Bar through to:-
SECOND BAR/GAMES ROOM11.25m x 4.48m. 3 windows to the rear elevation, Woodburner, exposed stone wall and wooden return bar/servery.Door to:-
REAR LOBBYWith ladies and gents wc's and door to the outside. Stairsascending to:-
FIRST FLOOR
OWNERS ACCOMMODATION
KITCHEN4.96m x 2.59m. A recently refitted private owners kitchen withmatching base and wall units. 8 ring gas cooker with doubleoven below, extraction over. Stainless steel drainer unit andwith tiled splash back walls.
BEDROOM 15.17m x 4.53m (maximum). Window to front elevation, en-suite shower.
BEDROOM 25.22m x 3.83m. Window to rear elevation, en-suite shower.
BEDROOM 34.01m x 3.10m. Window to rear elevation, built in wardrobe,en-suite shower.
OWNERS LOUNGE5.63m (maximum) x 4.83m. Window to front and 2 windows tothe side elevations. Steps down to:-
BATHROOMWindow to side elevation, bath with shower over, low level wcand pedestal wash hand basin.
OUTSIDETo the side of the property:-
STORE ROOM6.07m x 4.11m. With power and light connected and up andover garage door.
SECOND STORE/FREEZER ROOM3.67m x 4.21m.
TENUREWe are advised the Pirate Inn is operated via the residue of arolling 5 year Enterprise Inns lease, which is within the Securityof Tenure Provisions of the Landlord and Tenant Act 1954 andwhich has a current passing rental of £21,000 per annum (toinclude the accommodation) and which has a rent review on itsrenewal. The property is held on a full repairing and insuringbasis and has a full product tie.
B39884
PLANS: PLANS: PLANS: PLANS: Plans and maps reproduced under Ordnance Survey Licence NoLIG1179. Not to scale and for identification of the property only. They arenot intended to show actual site boundaries and not guaranteed to beaccurate.
AGENTS NOTE: AGENTS NOTE: AGENTS NOTE: AGENTS NOTE: Miller Commercial for themselves and for the Vendor/sor lessor/s of this property give notice: [a][a][a][a] These particulars are for anintending purchaser or tenant and although they are believed to becorrect their accuracy is not guaranteed and any error or misdescriptionsshall not annul the sale or be grounds on which compensation may beclaimed and neither do they constitute any part of a Contract: [b][b][b][b] Anyintending purchaser or tenant must satisfy him/herself by inspection orother wise as to the correctness of each of the statements contained inthese particulars; [c] [c] [c] [c] No responsibility is taken for expenses incurredshould the property be sold, let or withdrawn before inspection: [d] [d] [d] [d] Noneof the services or appliances, plumbing, heating or electrical installationshave been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLPregistered in England and Wales under Registration No.OC373087. TheRegistered Office of Miller Commercial LLP is Mansion House, PrincesStreet, Truro TR1 2RF. We use the term Partner to refer to a member ofMiller Commercial LLP. VAT Registration No.643 4519 39.
VIEWING: VIEWING: VIEWING: VIEWING: Strictly by prior appointment through Miller Commercial.
GENERAL INFORMATIONLOCAL AUTHORITYCornwall CouncilGeneral Enquiries 0300-1234-100Planning 0300-1234-151www.cornwall.gov.uk
ENERGY PERFORMANCE CERTIFICATEThe Energy Performance Rating for this property is within BandF.
INVENTORYAn Inventory of all loose chattels and equipment, free of anylease/lien, to be included within the sale will be supplied byMiller Commercial prior to exchange of Contracts.
PREMISES LICENCEWe are advised the business currently holds the relevantPremises Licence for the sale of intoxicating liquor on and offthe premises.
BUSINESS RATESWe refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.
SERVICESProspective owners should make their own enquiries of theappropriate statutory undertakers:
Western Power: 0845 601 2989South West Water: 0800 169 1144Transco: 0800 111 999
STOCKTo be taken at valuation.
SUPERFAST BROADBANDFor more information on whether the premises are capable ofbenefitting from the new high speed fibre-based broadbandconnection visit http://www.superfastcornwall.org/.
FINANCEIf you require advice regarding the Financing of a Business, atno initial cost, please contact us on the number below.
CONTACT INFORMATIONFor further information or an appointment to view pleasecontact either:-Graham Timmins on 01872 247019 or via email [email protected] orPaul Collins on 01872 247029 or via email [email protected] orBeverley Northey on 01872 247031 or via email [email protected]
