| Well Known Coaching House Comes to the market |
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| Written by Graham Timmins | |
| Wednesday, 05 March 2008 | |
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The well known hostelry, as the name implies, was an old coaching house with the original building dating back to 1750 and it still retains a number of character features. It offers a T-shaped bar area with accommodation for circa 50 diners and a recently updated and refurbished commercial kitchen. On the first floor is 3 bedroomed owners accommodation and potential exists, subject to planning, to expand into letting rooms. Outside, the business enjoys an excellent car park for 60/70 vehicles and a large beer garden. The Coach & Horses Inn is being made available by the assignment of the existing 20 year lease, commencing December 1996, off a current passing rental of £29,000 per annum. The public house is well supported by the local community and by the thousands of tourists who holiday in local summer letting cottages and caravan and camping sites in this area, which over looks Mounts Bay, with St Michael’s Mount in the distance. Recent trading figures for the 6 months to September 2007 show sales turnover of just over £140,000. The Coach & Horses Inn is available off a leasehold guide price of £145,000 SAV. Graham Timmins of Miller Commercial’s, Hotel, Licensed & Leisure Dept comments, ‘The Coach & Horses is a classic small village public house and we anticipate strong interest from those wishing to fulfill a dream of running a pub in a most favoured part of the UK’. For full details contact Graham Timmins at Miller Commercial Truro on 01872 247019. |
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