Pub/bar for sale

Bruallen Close, Trewennen Road, St. Teath, Bodmin PL30

A smart public house investment of the St Tudy Inn in North Cornwall. Two storey public house and rooms run under lease terms with rent payable of £55,000 per annum. Business unaffected.

Location

The property is situated in St Tudy, close to the Atlantic coast highway and approximately 6 miles from Wadebridge. It is considered a destination location with surrounding farmland and woodland, but an active community, having an award-winning community shop and the Inn itself which has been known for as a dining venue for many years. There is a last reported population of c600 and several surrounding hamlets and villages, with the north Cornish coast being c7 miles at Port Isaac, with Trebarwith, Rock and Polzeath all within 10 miles. The Inn is at the centre of the village.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net / gross internal basis.

A detached village inn that has been extensively refurbished and presents as a gastro style pub with public bar and break out dining areas to provide for c85 internal covers with a rear patio for another c40 covers externally to the rear and a number of tables immediately to the front. On the upper two floors there is manager's/owners accommodation with lounge and kitchenette, 5 bedrooms (4 of which are ensuite) and bathroom.

Within the site there is a detached two storey stone barn with 4 en suite letting bedrooms (2 on each floor). The car park provides space for c30 vehicles.

Planning

Sui generis for public house use. Within the conservation area.

Rent / Price

Available freehold as an investment subject to the existing lease. Landlord insures the building and charges cost to tenant.

£850,000

Business Rates

From the Valuation Office Agency website () we understand that the current Rateable Value is £32,500 and council tax band A. Tenant responsible for payment.

Interested parties are advised to confirm the rating liability with Cornwall Council.

Services

We understand that mains electricity and water are connected to the property however these services have not been tested by the agents. Tenant responsible for all utility costs. Interested parties should make their own enquiries.

EPC

Expired August 2024 - D (83)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.