pirate inn, alverton, penzance, cornwall, tr18 4ps £45000
PIRATE INN, ALVERTON, PENZANCE, CORNWALL, TR18 4PS
£45,000
B39884
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.
OWNERS ACCOMMODATION
THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate) Entrance door into:-
BEDROOM 1 5.17m x 4.53m (maximum). Window to front elevation, ensuite shower.
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:-
BEDROOM 2 5.22m x 3.83m. Window to rear elevation, en-suite shower.
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
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 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 rolling 5 year Enterprise Inns lease, which is within the Security of Tenure Provisions of the Landlord and Tenant Act 1954 and which has a current passing rental of £21,000 per annum (to include the accommodation) and which has a rent review on its renewal. The property is held on a full repairing and insuring basis and has a full product tie.
B39884 GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk
Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999
ENERGY PERFORMANCE CERTIFICATE The Energy Performance Rating for this property is within Band F.
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/.
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.
FINANCE If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
STOCK To be taken at valuation.
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 www.tax.service.gov.uk/view-my-valuation/search.
https://
SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers:
CONTACT INFORMATION For further information or an appointment to view please contact either:Graham Timmins on 01872 247019 or via email [email protected] or Paul Collins on 01872 247029 or via email [email protected] or Beverley Northey on 01872 247031 or via email [email protected]
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.
£45,000
B39884
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.
OWNERS ACCOMMODATION
THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate) Entrance door into:-
BEDROOM 1 5.17m x 4.53m (maximum). Window to front elevation, ensuite shower.
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:-
BEDROOM 2 5.22m x 3.83m. Window to rear elevation, en-suite shower.
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
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 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 rolling 5 year Enterprise Inns lease, which is within the Security of Tenure Provisions of the Landlord and Tenant Act 1954 and which has a current passing rental of £21,000 per annum (to include the accommodation) and which has a rent review on its renewal. The property is held on a full repairing and insuring basis and has a full product tie.
B39884 GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk
Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999
ENERGY PERFORMANCE CERTIFICATE The Energy Performance Rating for this property is within Band F.
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/.
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.
FINANCE If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
STOCK To be taken at valuation.
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 www.tax.service.gov.uk/view-my-valuation/search.
https://
SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers:
CONTACT INFORMATION For further information or an appointment to view please contact either:Graham Timmins on 01872 247019 or via email [email protected] or Paul Collins on 01872 247029 or via email [email protected] or Beverley Northey on 01872 247031 or via email [email protected]
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.
