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Historic Cornish Freehouse In Redruth For Sale

Redruth, Cornwall
Asking Price:
£270,000
Turnover:
£120,263
Net Profit:
£45,000

Historic town centre freehouse with 5 letting bedrooms, including 2 self-contained family suites, and owners accommodation. Extremely profitable business with wet sales and letting accommodation only.

The business is situated in Higher Fore Street just off the main high street on the edge of Redruth town centre. Redruth is an historic town, built up around the boom time which surrounded the extraction of tin and copper in the surrounding mines and most latterly has been subject to an upgrade and pedestrianisation scheme to the main shopping areas. Redruth is situated close to the main A30 trunk road linking east and west Cornwall and boasts a resident population in excess of 12,000 people. However, this has been significantly increased over recent years following considerable residential housing development in the area.

Reputedly the oldest public house in Redruth with origins believed to date back to 1743 as a pub and having been the subject of extensive upgrade, improvement and modernisation by our clients during their 14 years of ownership, the business is consequently presented in first class order throughout. It trades as a pub with wet sales, together with 5 popular letting rooms, including 2 self-contained family suites. No food sales are currently undertaken. This well presented, easy to run business briefly comprises:- Main Bar (24+), Further Bar & Pool Room (32+), Kitchen, 5 Letting Rooms including 2 Self-Contained En-Suite Family Suites, Owners Accommodation with Sitting Room, large Bedroom with En-Suite Shower Room. The property has an attractive Enclosed Rear Courtyard and various useful store rooms and outbuildings. An internal inspection is essential in order to fully appreciate the significant levels of investment undertaken by our clients.

Property information

Property:

Freehold

Living Accommodation:

1 Bed Private
5 Letting Rooms including 2 Family Suites

Location:

Situated in Higher Fore Street just off the main high street on the edge of Redruth town centre. Redruth is an historic town, built up around the boom time which surrounded the extraction of tin and copper in the surrounding mines and most latterly has been subject to an upgrade and pedestrianisation scheme to the main shopping areas.

Premises Details:

Reputedly the oldest public house in Redruth with origins believed to date back to 1743 as a pub. Having been the subject of extensive upgrade, improvement and modernisation by our clients during their 16 years of ownership.

Energy Performance Rating:
C

Business Operation

Trading hours:

5:00pm until midnight Monday to Friday; midday until 1:00am on Saturday and midday until 11:00pm on Sunday.

Employees:
The business is run by our clients, a husband and wife team, with the assistance of 1 part-time and 1 casual member of staff.
Years established:
Since 1743

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