Castle Inn, St Ives
Written by Theresa Tyack Thursday, 22 January 2009 15:46
Castle Inn, situated in Fore Street, the main cobbled retail thoroughfare of the highly popular beach and harbour resort of St Ives is available on the market.The historic public house, which is said to date back to the 1840s, occupies 3-storey, terraced premises in this most prominent of locations, with enormous seasonal footfall past its doors. The front elevation offers unusually attractive, decorative, stained glass and within, is a ground floor main bar with immense character and charm. The commercial kitchen and ‘cellar’ is maintained on the first floor, with the 2-bedroom owners’ accommodation located between the first and second floors.
The Castle is being marketed subject to a 3 year rolling lease with Trust Inns, at a current passing rental of £38,000 per annum including the private accommodation. There is a product tie on keg and bottled beers within the terms of the lease.
The business trades strongly from predominantly wet sales. Turnover for the trading year ended April 2007 was over £337,034 with a reconstituted in excess of £38,000.
The Castle Inn is available off a leasehold guide price of £125,000 SAV.
Graham Timmins of our Hotel, Licensed & Leisure Dept comments, "The Castle is a well known and attractive pub to both the locals in St Ives and the annually returning tourists to the town. It could benefit from a more ‘hands on’ management style and the development of the food side of the business, as it presently forms a small percentage of annual turnover".
For full details contact Graham Timmins on 01872 247019 
View Property Details
Showroom, Kestle Mill, Nr Newquay
Located at Kestle Mill close to Quintrell Downs, Newquay, this substantial property fronts the A3058 linking the resort to St Austell and the A30 at Mitchell. The premises, which have been used for furniture sales, historically pine, but more recently sofas, are being offered by way of a new full repairing and insuring lease off an asking rental of £16,000 p.a. The showroom/ workshop accommodation includes 152 sq m (1,639 sq ft) of at ground floor level, together with 1st floor mezzanine storage/showroom totalling 169 sq m (1,822 sq ft). There is a measure of parking to the front of the premises.
Miller Commercial, Mansion House
Princes Street, Truro, Cornwall, TR1 2RF