| The Kings Head hotel at Chacewater seeks a new landlord |
|
| Written by Administrator | |
| Wednesday, 20 February 2008 | |
 An opportunity has arisen to acquire an attractive hostelry located within the popular Cornish village of Chacewater, which is located just a few miles west of the cathedral city of Truro. The public house named ‘The Kings Head’ is available off a leasehold guide price of £114,750 SAV.The premises stand in a prominent self-advertising trading position within the main thoroughfare. It offers a refurbished ‘L’ shaped bar, adjoining restaurant area and storage cellar. The first and second floors provide 6 letting bedrooms, of which 5 have also been recently refurbished. There is separate owners’ accommodation provided. Outside, the public house provides a trade garden and a good sized car park. The establishment is being offered with the benefit of a residue of a 10-year, secure, rolling Punch Taverns lease commencing 2005. The current passing rental is £19,000 per annum. The village is very much a dormitory settlement for Truro and has seen significant residential development over recent times. Turnover at The Kings Head is projected to be circa £180,000 for the 12 months to October 2008. Richard Gilbert of Miller Commercial’s Licensed Dept comments, ‘The Kings Head is a classic village pub with accommodation in a historic village, which saw considerable activity from local mining activity in past centuries’. FOR FULL DETAILS CONTACT RICHARD GILBERT AT MILLER COMMERCIAL TRURO ON 01872 247027. |
| ‹ Prev | Next › |