Known for its’ good cask beer and food
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Written by Richard Gilbert
Monday, 25 February 2008
 For those seeking to acquire a very realistically priced public house within Cornwall, The Royal Oak in Duke Street, Lostwithiel will be of considerable interest. The well known hostelry stands in the historic town, just off the A390 linking the key towns of St Austell and Liskeard

This extensive property comprises main bar area, an adjacent lounge bar, and 2 comfortably appointed restaurant areas providing seating for 60 covers. There is a commercially equipped kitchen, and on the first floor there are six very attractively appointed en-suite guest bedrooms. The premises include a manager’s flat. Outside is a trade garden and a covered decked area, which accommodates smokers, together with a car park.

The public house has an excellent reputation for serving real ale and providing good food. It is currently run under management and is able to demonstrate first class turnover. Sales for the year to

May 2007 totalled almost £504K, of which wet sales accounted for circa £185K, food circa £232K and accommodation £86K.

The Royal Oak is being made available with the residue of a

10 year, Punch Taverns rolling lease, commenced September 2007, at a current passing rental of £75,000 per annum.

Offers are being sought off a guide price of £80,000 SAV.

Richard Gilbert of Miller Commercials, Hotel, Licensed & Leisure Dept comments, ‘The Royal Oak is a first class public house in this part of Mid-Cornwall. It maintains an excellent cellar and our agency feels it is likely to attract considerable interest within the trade’.

FOR FULL DETAILS CONTACT RICHARD GILBERT AT MILLER COMMERCIAL TRURO ON 01872 247027 or E-mail on rlg@miller-commercial.co.uk