North Cornish Coast Tavern Bar comes to market
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Written by Graham Timmins
Wednesday, 12 March 2008
 Carters Pub & Restaurant located on the outskirts of the north coast beach resort of Polzeath is being brought to the market by Truro based agents, Miller Commercial. The substantial freehouse and restaurant is being offered on a new leasehold basis, off a guide price of £200,000 SAV and the option continues to exist to acquire the business off a freehold tenure guide price of £1million.

The licensed business has been established some 10 years and is situated in a most desirable area of North Cornwall, close to Daymer Bay, Rock and the mouth of the Camel River. The beach at Polzeath is one of the largest in Cornwall, is extremely popular and attracts young families and surfers alike. The premises are largely single-storied and offer a ‘U’ shaped bar with sufficient seating for [circa] 100 covers. Additionally, the business provides a games room, together with an area for live performances, Outside, there is a substantial patio with generous parking facilities. The owners’ needs are accommodated within separate, 3 bedroomed accommodation, with a one bedroomed annexe.

The new lease being offered will be within the security of tenure provision of the Landlord & Tenant

Act 1954 for an initial period of 15/20 years [negotiable], on full repairing and insuring terms, at an initial asking rental of £50,000 per annum.

Carters Pub & Restaurant trades very strongly and demonstrates good profitability. Full accounting information will be made available to bona-fide purchasers.  The trading figures demonstrate a wet/dry split of 90/10. It is supported by both the hundreds of tourists, who regularly holiday in the area and the local community. It is open for most of the year except for a few weeks during January and February, which allows time for annual servicing.

Graham Timmins of Miller Commercial’s Hotels, Licensed & Leisure Dept comments, ‘Carters is a thriving pub business in a much sought after area of Cornwall. In high season it is a great cash generator and we are sure the business will attract much interest from within and outside the county’.

FOR FULL DETAILS CONTACT GRAHAM TIMMINS AT MILLER COMMERCIAL TRURO,  or,  E-mail on gt@miller-