Harbourside pub in the village of St Mawes

Written by Theresa Tyack Wednesday, 10 February 2010 11:13

The Victory Inn, tucked away just a step or two from the beautiful harbour of the much favoured village of St Mawes across the River Fal from Falmouth has recently come to the market. It is being made available off a leasehold guide price of £185,000 plus stock at valuation.

The traditional Public House offers a well-appointed lounge bar, dining room and a refurbished 36 cover restaurant, leading to an outside decked area. On the 1st floor are two en-suite guest bedrooms, with the 2nd floor currently providing staff accommodation, which could be converted to an owners' suite. There are two further tables outside the front façade.

The Victory Inn is being made available with the remainder of a 15 year Punch Taverns' lease, at a current passing rental of £55,000 per annum, subject to 5-yearly Rent Reviews. The lease is subject to a "tie" on keg and bottled beer, together with cider and alcopops.

The village retains a strong local community and those residents are amplified summer tourists visiting the village by car and by ferryboat from Falmouth. Additionally, the village has a strong second home presence. This all serves to enable The Victory to trade strongly with a significant summer seasonal influence. Sales turnover for the year to April 2008 was £540,000, with the following year reducing to £465,000, generating an average net profit of £71,000 over these 2 years.

Russell Weetch, Head of Hotels, Licensed & Leisure comments, "This is one of the oldest businesses in the village, which receives considerable national and international publicity due to the quality of its premier hotel and the size and character of the beautiful private residences that overlook the river and harbour. The Victory is well positioned to continue its trading success and we feel it will attract strong interest".

For full details contact Russell Weetch on 01872 247005

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