Substantial Public House With 7 Letting Bedrooms In Launceston For Sale

Business description

A substantial and historic Public House located in the centre of Launceston with a strong wet-led trade. 3 separate Trade Areas & a Function Room together with 7 Letting Rooms and a 3 Bedroom Owners Flat make this a superb opportunity with plenty of room to grow trade. Currently run under temporary management. Main Character Bar, Second Bar, Pool/Games Room, Catering Kitchen, First Floor Function Room, 7 Letting Bedrooms, 3 Bedroom Owners Accommodation, Beer Cellar, Cloakrooms. Fixed price ingoings of £1,500 (+VAT, if applicable) inclusive of all remaining furnishings and equipment (not tested) on site. Rental offers invited for a 20 year free of tie lease.

Property information

Property:

Leasehold

Location:

Launceston is on the A30 trunk road, the main route in to Cornwall for both visitors and residents and is approximately 40 miles west of Exeter, 50 miles north of Plymouth and 30 miles east of Bodmin. It is roughly midway between the north coast of Cornwall at Bude and the south coast at Saltash. Dartmoor National Park is less than 10 miles distant.

Premises details:

A traditional Town Inn situated in the centre of Launceston adjacent to the South Gate with its double arches. An Inn has stood on this site for many centuries and over the years has served as a Civic meeting place, Hostelry and a Theatre. Its position close to the South Gate made it an ideal venue for people entering or leaving the old town of Launceston.

In 1747 the Inn was known as the Queens Arms and was used extensively by the town’s people for receptions and entertainment. In 1772 the name was altered to the Kings Arms and in 1847 the building was completely remodelled to its present layout, and was subsequently renamed The Bakers Arms.

The property now provides substantial trade space with the added attraction of seven letting bedrooms and good size owners accommodation.

Other information

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