| Prominent coastal freehouse for sale on the Lizard Peninsula |
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| Written by Graham Timmins | |
| Tuesday, 15 April 2008 | |
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The period property dates back to at least the 1830s and has a wealth of character linked to the sea. Its’ modest exterior belies its size which provides 2 bar/dining areas, a conservatory and outside seating, which in total provides for circa 100 covers. The first floor is spacious and the flexible accommodation offers either one bedroomed owner’s accommodation and up to 5 letting bedrooms, or, an alternative configuration of 3 / 4 bedroomed owners’ accommodation with a one bedroomed self contained flat. Outside, is an attractive courtyard with several barns used for storage and a cellar. The public house has come to the market for the first time in 8 years. It trades strongly under 2 separate businesses, producing joint reconstituted net profit of around £50,000. The Five Pilchards Inn is being made available on either a freehold basis or leasehold. The freehold tenure is being offered off a revised guide price of £549,950 SAV. Alternatively, a 15 year lease is available on F.R.I. terms, subject to an asking rental of £20,000 p.a. [5 yearly reviews]. Graham Timmins of Miller Commercial’s Hotels, Licensed & Leisure Dept comments, ‘The Five Pilchards is a fine pub and it represents a wonderful opportunity to acquire a freehouse in a desirable village on The Lizard Peninsula, an Area of Outstanding Natural Beauty’. For full details contact Graham Timmins at Miller Commercial on 01872 247019 |
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