Pub/bar to let in Basset Arms, Tregea Terrace, Portreath, Redruth, Cornwall TR16

A traditional public house in a popular coastal village and providing for trade areas to include public bar and restaurant with outside terrace and children's play area. Accommodation at first floor with three bedrooms. Currently closed and available on a new 20 year free of tie lease.

Location

Porthreath is a popular coastal village on the North Cornish Coast between St Agnes and Gwithian. There are considerable nearby attractions and holiday accommodation nearby and the resident population (last reported at c1200 in 2021) grows considerably from Easter to October.

The Basset Arms enjoys a set back position from the sea front with useful customer car park.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Customer entrance via conservatory (8.2m x 3.1m) with space for 16 covers.

Public bar which is L shaped having corner bar servery. Main bar (8.9m x 3.8m) with feature fireplace and further seating area (8.1m x 3.9m) with feature inglenook fireplace and inset wood burner (not tested). Overall the public bar provides space for 24 covers. Access to restaurant and kitchen, Gents and ladies WCs. Storage cupboard.

Restaurant (5.9m x 5.8m) with dual aspect and space for 26 covers. Store cupboard access to kitchen and access to lobby to first floor with independent access to side.

Kitchen (irregular space but c17 sqm) with extraction (not tested) and access to storage yard.

The first floor provides for a landing with access to roof terrace. Lounge (6m x 5.6m) with dual aspect. Through kitchen (3.1m x 2.8m) to inner hall, having access to bedroom (3.9m x 3.9m), bedroom (3.9m x 3.7m), bedroom (4.4m x 4m) and bathroom.

Outside

Car park approach with space for c12 vehicles. Detached barn with ground floor beer cellar and store. Separate access to first floor (7m x 4.6m overall) which may provide additional accommodation subject to to consents.

Customer beer garden and terrace with space for 10-12 benches plus children's play area. Service yard with lpg tank and outside storage sheds.

Planning

Sui Generis for pub use.

Rent / Price

Nil Premium. Rent guide £45,000 pax

Business Rates

From the Valuation Office Agency website () we understand that the current Rateable Value is £27,250 and the current rates payable multiplier is 49.9p in the £. Government support in the sector until March 2025 provides a further 75% reduction in rates payable. Council tax band B.

Services

We understand that lpg, mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

Awaited

Legal Fees

The lessee will be responsible for their own legals fees and a contribution of £1,500 towards the Landlord's reasonable legal costs.

VAT

All figures quoted are exclusive of VAT if applicable.