| Village public house near Truro comes to market with revised price |
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| Written by Administrator | |
| Friday, 25 April 2008 | |
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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. |
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