| The Ship Inn at Wadebridge offered at a revised guide price |
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| Written by Richard Gilbert | |
| Monday, 31 March 2008 | |
 A recent price reduction has made this attractive thriving public house an interesting proposition for those seeking to acquire a busy hostelry in North Cornwall. Miller Commercial of Truro are now marketing The Ship Inn at the foot of Gonvena Hill, Wadebridge off a revised guide price of £55,000 SAV. The public house’s name provides a link with past days when the nearby River Camel saw many sailing ships plying their trade to the town wharves with coal and timber. The Ship Inn comprises a spacious main bar area of 52.2sq.m. with open fireplaces, a 38-cover restaurant, well-appointed commercial kitchen and a large functions room with bar servery. The publican’s 3-bedroomed private accommodation is located on the first floor. The business is being offered with the benefit of a secure Punch Taverns lease with a current passing rental of £28,000 per annum exclusive. The Ship Inn has come to the market due to the current owner's other business commitments. It trades strongly enjoying much local goodwill. Trading figures for the year to March 2006 show total sales of £265,000, of which over £173,000 were wet sales. The gross profit was in the region of £146,000. Richard Gilbert of Miller Commercial’s Licensed & Leisure Dept reports, ‘The Ship Inn is a well known hostelry in North Cornwall standing on the outskirts of the Wadebridge’s town centre, alongside the old A39 trunk road. At the revised guide price of only £55,000, the business now demonstrates very good value’. FOR FULL DETAILS CONTACT RICHARD GILBERT AT MILLER COMMERCIAL TRURO ON 01872 247027. |
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