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Tower Street, Launceston, Cornwall, PL15

£335,000

Business rates & charges may apply

Sidney Phillips Limited, South West
SIZE

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SECTOR

Pub for sale

USE CLASSUse class orders: Sui Generis

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Key features

  • Centre of historic market town
  • Recently restored 15th Century Inn
  • Noted for cask ales
  • Two character bars
  • Enclosed courtyard
  • Three bedroom flat

Description

The Bell Inn is a Grade II listed public house, of 15th Century origins occupying a prime central position in the historic town of Launceston. The Bell Inn is believed to have been constructed as part of the accommodation for stonemasons who built the nearby Church of St Mary Magdalene the clock tower of which stands almost opposite. The Bell Inn has been restored by the present owners with the property featuring some fine character features including arched granite doorways and chamfered granite window frames.

Launceston is an ancient Cornish town with a rich history and a population of over 9,000. A centre piece of the town is Launceston Castle which dates to Norman times. The centre of Launceston includes a variety of national and local retailers all of which are a few minutes' walk from the Bell Inn.

TRADE AREAS
GROUND FLOOR
Entrance with porch from Tower Street in the MAIN BAR which has an oak floor, two adjoining fireplaces one for wood storage and the other having a wood burning stove. Overhead timber beams, timber framed wall panelling and a fine mellow wood constructed bar servery counter with canopy over and back bar display feature. There is a seating capacity for over 30 with settles, upholstered bar stools and dark wood tables. Lower-level LOUNGE BAR with fitted carpeting, dado panelling and a variety of furniture with seating for approximately 30.
Staircase to a lower level where there are tiled LADIES AND GENTLEMENS TOILETS. Refrigerated BEER STORE and BOTTLE STORE.

FIRST FLOOR
KITCHEN with stairless steel extractor hood. Proprietors OFFICE.

OWNERS ACCOMMODATION
SECOND FLOOR
Three BEDROOMS all being double sized. BATHROOM with over bath shower.

EXTERNAL
Enclosed COURTYARD with direct access from Tower Street. This is attractively displayed with a paved base, steel fire escape and furniture of posier tables and ornamental tractor seat stools.

In the present ownership since 2014, since when the premises has been sympathetically improved and upgraded and are now well known for its range of cask ales with up to six real ale pumps on offer and two traditional ciders. The business is featured in the CAMRA guide. This is a wet sales business with food restricted to pies and pasties. Prior to COVID the business had a turnover in the region of £155,000 per annum. This level of turnover has been re-established post COVID.

FREEHOLD £335,000 to include goodwill, fixtures and fittings. Stock at valuation in addition. 

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

A full premises licence is held from 11:00 to 00:00 seven days a week.

All main services are connected.

Local Authority: Cornwall Council, County Hall, Treyew Road, Truro TR1 3AY
Telephone:

Rateable Value: £11,750

Tower Street, Launceston, Cornwall, PL15

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Gunnislake Station10.5 miles

About Sidney Phillips Limited, South West

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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