HISTORIC TOWN CENTRE FREEHOUSE WITH 5 LETTING BEDROOMS – PRICE REDUCED TO £249,950
THE COLLINS ARMS 18 HIGHER FORE STREET, REDRUTH, CORNWALL TR15 2AP
Stonesmith are delighted to offer to market this historic town centre freehouse, with 5 letting bedrooms (including 2 self-contained family suites), and owners accommodation. The Collins Arms is reputedly the oldest public house in Redruth with origins dating back to the 1700s. Having been the subject of extensive upgrade, improvement and modernisation by our clients during their 14 years of ownership, the pub is consequently presented in first class order throughout. The business trades as a pub with wet sales, together with the letting rooms. No food sales are currently undertaken.
This well presented, easy to run business briefly comprises of a Main Bar (seating 24+), further Bar & Pool Room (accommodating 32+), Kitchen, 5 Letting Rooms including 2 self contained en-suite Family Suites and Owners Accommodation with sitting room, large en-suite bedroom. The property has an attractive enclosed rear courtyard and various useful store rooms and outbuildings.
The business enjoys a popular local following. Our clients do not undertake any food sales, however the pub benefits from 6 dart teams, 1 pool team, and a euchre team. There are monthly quiz and karaoke nights and various in-house darts competitions throughout the year. Our clients have undertaken a significant programme of investment and refurbishment during their ownership, including creating the letting bedrooms in the last 18 months. They have been overwhelmed by the success of the letting rooms and there are significant levels of forward bookings and regular repeat custom. The business has a website www.collinsarms-redruth.co.uk which provides further background on the business. Bookings are derived from this website together with a number of high profile web based accommodation booking agencies and The Collins Arms has received a number of extremely favourable reviews.
The business is on the market for £249,950 for the valuable freehold interest, as a going concern business and full trade inventory. Full property details are available from the website www.stonesmith.co.uk and viewings arranged by calling 01392 201262.