Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

For Sale
1 of 11

Prince Of Wales, Newtown, Helston, Cornwall

Public house for sale

£450,000

Freehold

A beautifully restored and updated Freehouse situated in a pretty hamlet on the Lizard Peninsula. With 120 covers overall, several bar areas and 3 bedroom owners / letting rooms. A superb rear terrace and trade garden. Strong and consistent wet / dry sales 50/50%, Gross and Net Profits. Retirement sale.

  • PRETTY VILLAGE FREEHOUSE
  • SIGNIFICANTLY UPDATED IN RECENT YEARS
  • BAR / RESTAURANT (55 COVERS)
  • 3 BEDROOM OWNERS / LETTING WITH LOUNGE
  • WELL EQUIPPED KITCHEN & SERVICE AREAS
  • TRADE GARDEN (65 COVERS)
  • EPC:TBC

Property Brochure PDF Location Map

Summary

PRETTY VILLAGE FREEHOUSE
SIGNIFICANTLY UPDATED IN RECENT YEARS
BAR / RESTAURANT (55 COVERS)
3 BEDROOM OWNERS / LETTING WITH LOUNGE
WELL EQUIPPED KITCHEN & SERVICE AREAS
TRADE GARDEN (65 COVERS)
EPC: TBC

Location

The Prince of Wales is situated in the pretty village of Newtown, St Martin, on the Lizard Peninsula and a few miles from Helston, which has all the usual amenities and schooling associated with a small town. The Lizard Peninsula is an Area of Outstanding Natural Beauty, which draws visitors to explore the sandy beaches, coves and river inlets.

In summary, a wonderful place to live and work and which has enduring popularity, with many families coming back year after year.

The Property

The property has exposed indigenous stone elevations under a natural slate roof and has many character features indicative of its period and history, which we understand dates back to the 1600’s and has been a farm and a hotel. During our clients 8 year tenure the property has been sympathetically renovated to a very high standard and has significant investment in the commercial areas. The property has up to 3 letting rooms, or of course, can be utilised as spacious 3 bedroom accommodation with an owners lounge and kitchen.

Externally and predominantly to the rear is a very pretty gravelled and grassed trade garden, several service areas and a stone barn.

The Business

Our clients have owned the business since 2010 and are now selling due to retirement. The business trades all year and has varying opening hours to reflect seasonality. The trade split is c. 50%/50% wet and dry. We are advised the turnover is in the region of £210,000 (net of VAT), with a net profit of c. £50,000 per annum. Further P&L will be made available to interested parties.

The Accommodation Comprises

All areas and dimensions are approximate:-

Main Bar

Entrance porch into the main Bar / Dining Area.

8.49m x 7.98m : An extremely well presented, refurbished and characterful Bar and Dining Area, with two fireplaces, one with an recessed hearth with inset multi-fuel burner of indigenous stone with a wooden mantel over. Windows to the front and rear. Exposed ceiling beams, slate floor and polished granite bar. Set up for c. 35 covers. Through to rear lobby, with door to the outside and access to the Ladies and Gents WC’s.

Bar Area : 13 pumps and 2 post-mix dispensers. 1 glasswasher and 1 under counter drinks chiller.

Restaurant

4.60m x 3.55m (plus a recessed dining area to the front , for a table and two chairs) : A charming room with a more formal tone, set up for 18 covers, slate floor. Through to :-

Kitchen

5.76m x 2.75m : An extremely well presented and equipped commercial kitchen with commercial non slip flooring, predominantly plastic wipeable walls. 6 ring gas cooker with double oven and 4 vent extraction system over. Stainless steel commercial wash up and various equipment (Full Inventory will be made available).

Rear Passage

A walk through area, with serving station, leading to the :-

Dessert Kitchen / Preraration Room

2.59m x 2.22m : Door and window to the rear.

Owners / Letting Accommodation

Accessed from the rear, with own entrance, into Lobby, boiler cupboard, stairs to the first floor.

First Floor

Landing : A generous landing with an Office Area off and two cupboards, for housekeeping and laundry. Window to rear.

Lounge

3.63m x 3.55m : Window to rear, radiator.

Kitchen

3.37m x 2.17m : Window to rear, base units, stainless steel sink and drainer.

Letting / Owners Bedrooms

Bedroom 1 : 4.51m x 3.46m : Window to front, built in wardrobe, en-suite shower room.

Bedroom 2 : 4.56m x 4.0m : Window to front, built in wardrobe, en-suite shower room.

Bedroom 3 : 4.56m x 4.04m : Window to front, built in wardrobe, en-suite shower room.

Outside

CELLAR : 5.41m x 4.06m : Door to front for deliveries and one to rear. Chiller unit, racking, upright wine fridge, double upright fridge and chest freezer.

DRYING AREA : An area for drying. Further garden area, not accessed by the public.

TRADE GARDEN : Gravelled area, to the rear of the business, with tables and chairs for 36, plus a further grassed area with tables and chairs for c. 30 covers.

BIN / WOOD STORE AREA : Secure area for storage etc.

STONE BARN : 7.25m x 4.12m : A two storey barn with an internal division, power and light connected, used by the owners for storage and laundry.

NB : Right of way retained by the clients to enable access to the rear.

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is within Band F.

Inv Entory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence

We understand the business currently holds a premises licence in respect the sale of liquor for consumption on and off the premises.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact:-

Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF