Leasehold Public House For Sale

Business description

Bag a Business Ltd is delighted to offer to the market this thriving free of tie village public house with separate restaurant, which dates back to the 1800s and has been under the proud ownership of our clients since November 2005. It is now only being placed on the market as they are returning to Wiltshire. Run by a husband and wife team, The Royal Standard has a healthy turnover in the region of £1,500 per week, which is derived from predominately wet sales. It enjoys an average gross profit of around 58%. This is further enhanced by the spacious four bedroom owner's accommodation with many rooms having sea views. There is also a large beer garden, which is laid mainly to lawn, as well as several outbuildings, which are used as workshops. The Royal Standard has also been awarded a place in the CAMRA Good Beer Guide for 2008. We feel that this opportunity represents an ideal base for a new owner to build upon, possibly by extending open hours or by focusing on food. Early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original: 7 years
Remaining: 3 years
Review: 3 years
Rent: £21,500 per annum
A new lease is available from 2009

Living accommodation:

PROPERTY DETAILS Detached premises over three floors. Briefly comprising: GROUND FLOOR Main bar with pool table Dinning room with 6 tables. Carvery Semi commercial kitchen with extraction Ladies toilet Gents toilets Storeroom FIRST FLOOR Double bedroom Double bedroom Lounge with feature fire place Double bedroom currently used as an office Double bedroom Shower room Bathroom SECOND FLOOR Staircase leading to an attic room currently used as storage EXTERNAL Patio area with 4 tables Three workshops Car park for 10 cars Toilet Sink with hot and cold water Storeroom Large beer garden with ample space for camping

Location:

The Royal Standard is located on the main road that runs through this sought after village, which has stunning views of Halye, St Ives and the sea beyond. There is ample customer parking in the pub's own car park or to the front. The business draws its trade from the local population as well as from holiday makers who flock to the area particularly during the summer months. Gwinear is a short drive from Hayle, which is positioned by the sea and has 3 miles of golden sandy beaches allow it to develop as a holiday destination. Indeed, Hayle still has more holiday accommodation than the rest of West Cornwall put together. The sand dunes or towans are the favoured location for a number of holiday villages and caravan and camping sites. The Gwithian Beach near Godrevy is not only picturesque but it is also a favoured area for water-related sports including surfing, windsurfing and body-boarding. Set in this picturesque location it enjoys excellent links via the main A30, which is close by.