This is an exceptional opportunity to acquire a thriving Business with spacious owners accommodation in one of the Counties most sought after Coastal locations. The Bolingey Inn is a delightful 17th century traditional Cornish inn which is situated in the picturesque hamlet of Bolingey, a 5 minute drive from Perranporth. The Pub is being offered for sale by way of an assignment of the existing 20 year Punch Taverns lease which commenced in June 2007 at a current passing rental of £30,000 per annum.
- Asking Price:
- £89,950 Furniture / Fixtures included
- Turnover:
- £200K - £500K
- Net Profit:
- £50K - £100K
Property Information
- Property:
-
Leasehold
- Leasehold Type:
- Existing
- Lease Terms:
-
Assignment of Existing 20 year Punch Taverns agreement which commenced in June 2007.
- Leasehold Rent:
-
£30,000 per annum
- Living Accommodation:
-
spacious 3/4 Bedroom apartment
- Location:
-
Bolingey is a charming unspoilt Hamlet on the North Cornish Coast approximately Half a Mile South of the popular Resort of Perranporth. The surrounding area has a large resident population with a number of housing developments having recently been completed within Perranporth itself. The area is tremendously popular with tourists who come to enjoy the beach, spectacular Coastline and picturesque Countryside. The A30, which is the principal route in and out of the County is approximately 5 miles distant whilst Truro is approximately 9 miles distant and offers schooling for all ages, a wide range of National and Niche Retailers and a station on the Penzance to Paddington Rail Line.
- Premises Details:
-
The Bolingey Inn is a delightful 17th Century Public House that has seen significant investment during our clients seventeen year Tenure. The building retains a wealth of Character Features such as Exposed Beams, Sash Windows, Wood Flooring and Open Fireplaces. In addition to Beautifully presented Public areas the Building has an extremely well equipped Commercial Kitchen, a spacious 4 bedroom apartment and car parking.
- Energy Performance Rating:
- E
Business Operation
- Reasons for selling:
-
Retirement
- Employees:
- 2 Full time, 5 Part Time
- Years established:
- Current owners 14 Years
