| Free of tie – historic pub with new lease near Tintagel |
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| Written by Graham Timmins | |
| Thursday, 14 February 2008 | |
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The business enjoys a prominent trading location in the village alongside the B3263 linking Camelford with Tintagel, the tourist location, which enjoys extremely high levels of holidaymakers in the peak months. The fine looking property provides restaurant facilities for up to 40 covers and 5 letting bedrooms with owners’ private accommodation. The vendors however, are in receipt of approved planning permission to extend the car park to the rear which will be shortly undertaken by them. This will add an additional 23 [circa] car parking spaces and it is considered the extension will be a positive boost for the business as the existing car parking is somewhat limited. At the same time there is a new roof being put on the property and this should be completed by March 2008.. The Trewarmett Inn currently trades evenings only (with the exception of Sunday lunch times) Recent trading accounts show an annual net turnover of £213,000, a GP of 54.7% and an adjusted net profit of around £49,000. Graham Timmins of Miller Commercial’s Hotel, Licensed & Leisure Dept comments, ‘This business stands in Cornwall’s popular King Arthur’s country. With the proposed developments underway, the inn is well positioned to do well and is worth an early viewing’. The Trewarmett Inn is being made available off a leasehold guide price £140,000 SAV. FOR FULL DETAILS CONTACT GRAHAM TIMMINS AT MILLER COMMERCIAL TRURO ON 01872 247019. |
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