Village public house near Truro comes to market with revised price
PDF | Print | E-mail
Written by Administrator
Friday, 25 April 2008
 Miller Commercial of Truro are pleased to be now offering The Red Lion, situated in the village of Blackwater, just a few miles to the west of Truro, to the market off a revised guide price of £59,950 (plus SAV).

The quaint public house, which as a property dates back over 200 years, enjoys a broad frontage and good car parking. It offers a large bar area extending to 74.5sq.m. which has been the subject of renewal and improvement over recent times. On the first floor is the owners’ accommodation providing 5 double bedrooms, and to the rear is a large, lawned, trade garden.

The business is subject to a secure Punch Taverns lease for a 10 year term of which 5 years remain outstanding. The current passing rental is £23,000 p.a.

The trading figures are showing growth, and the audited accounts for the year to January 2007 report sales of £101,000 [net] with a reconstituted net profit of £16,000. The trading breakdown for The Red Lion shows a 85/15 split in favour of wet sales.

Graham Timmins of Miller Commercial’s Hotel, Licensed & Leisure Dept comments, ‘This is an historic little public house, which has seen the rise and fall of the local mining fortunes over the centuries. It enjoys a good profile alongside the old A30 road in a village now showing growth’.

FOR FULL DETAILS CONTACT GRAHAM TIMMINS AT MILLER COMMERCIAL TRURO ON 01872 247019.