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By submitting a bid you confirm, you have read and understood the terms of sale and special conditions in the legal pack and have clarified all information with your solicitor.

If you’re the successful bidder, you agree to pay the deposit amount and fees and charges associated with this property immediately after the end of the auction.

By placing a bid, you are authorising the auctioneer to sign the contract of sale on your behalf. The exchange of contracts will take place immediately and which point you will become legally bound to purchase and the deposit will contribute towards the purchase price.

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Public House, Redruth, Cornwall, TR15 2AP

Higher Fore Street, Redruth TR15 2AP, UK

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£195,000

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End: 22-10-2020 15:00:00

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The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price.
  • Freehold
  • 6 Bedrooms
  • 3 Reception Room
  • 4 Bathrooms
  • Town Center
  • Development Opportunity (STP)
  • Rear Garden
Stonesmith
01392 201262

Castle View Barns, Woodmanton, Exeter, UK, EX5 1HQ

  • Freehold
  • 6 Bedrooms
  • 3 Reception Room
  • 4 Bathrooms
  • Town Center
  • Development Opportunity (STP)
  • Rear Garden
Stonesmith
01392 201262

Castle View Barns, Woodmanton, Exeter, UK, EX5 1HQ

Collins Arms, 18 Higher Fore Street, Redruth, TR15 2AP

Guide Price - £195,000+

A VACANT FREEHOLD PUBLIC HOUSE

 

Property Description

The Collins Arms is 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 18 years of ownership. The Collins Arms is consequently presented in first class order throughout. The business 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.

SITUATION

The Collins Arms 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.

 

INTERNAL DETAILS

GROUND FLOOR Double entrance doors to front into Entrance Hallway open plan through into Main Bar Area with part carpeted flooring, range of upholstered perimeter seating, free standing wooden topped tables, wooden chairs, bar stools and low stools comfortably seating 24 plus ample standing room, wall mounted large screen television, painted ceiling timbers, sold oak topped Bar Servery fitted with associated back bar fittings, optics and display shelving, triple glass fronted bottle fridge and glasswasher. Open plan from main bar area into Games Room/Seating Area with Altro wood effect non-slip flooring, pool table area, 2 darts oches, wall mounted large screen television, upholstered window seating, perimeter seating, free standing wooden topped tables, wooden chairs, comfy sofa, comfortably seating 32 customers plus ample standing room. Painted ceiling timbers. Kitchen well equipped with fully tiled walls, perimeter worksurface with cupboards and open shelving below, extractor hood, 5-burner gas range and double oven, fridge freezer, under counter freezer, dishwasher, stainless steel sink unit, wall shelving, microwave oven and door to rear. Ladies & Gents WCs. Beer Cellar with fully clad walls and stainless steel sink unit. Covered Walkway and Seating Area leading to rear courtyard area.  

Please note: The fittings, equipment and services listed have not been tested by the selling agents, although we are informed that all items are in working order.

 

LETTING ACCOMMODATION

5 extremely well appointed letting bedrooms including 2 self-contained family suites, all recently refurbished to an extremely high standard throughout and comprising remote control colour televisions, tea and coffee making facilities, alarm clock radios, hairdryers, and bathrobes. The accommodation is briefly arranged as follows:- Bedroom 1 – a standard double room with vanity unit on the first floor. Bedroom 2 – a standard twin room with vanity unit on the first floor. Bedroom 3 – a standard single room with vanity unit on the first floor. Bathroom with shower over bath for shared use of bedrooms 1, 2 and 3. Bedroom 4 – a self-contained family suite (sleeps 4) on the ground floor with independent access from the courtyard, comprising Kitchen Area, Seating Area and En-Suite Shower Room. Bedroom 5 – a self-contained family suite on the ground floor with independent access from the courtyard comprising Double Bedroom,  further Twin Bedroom with futon bed (sleeps 3), Sitting Area with dining table and chairs and En-Suite Shower Room. The spacious and flexible letting accommodation could be reconfigured to suit individual personal requirements to provide additional owners bedrooms if so desired. 

 

PRIVATE ACCOMMODATION

Situated on the first floor is a Sitting Room with aspect to rear, large Double Bedroom with aspect to front, Walk-In Wardrobe and En-Suite Shower.

 

EXTERNAL DETAILS

To the rear of the pub is an attractive enclosed Courtyard Garden with seating for 20 customers, bin store area and pedestrian access to the front and side. Laundry Room/Workshop/Store Room. Further Store Room and a Dry Goods Store. Bin store area.

 

THE BUSINESS

The Collins Arms is a traditional wet led town centre freehouse which enjoys a popular local following. The current owner's do not undertake any food sales. Our clients have owned and run the business for over 18 years and during this time they have undertaken a significant programme of investment and refurbishment including creating the letting bedrooms in the last 5 years. Our clients have been overwhelmed by the success of the letting rooms and there are significant levels of forward bookings and regular repeat custom.  Bookings are derived from a number of high profile web based accommodation booking agencies and The Collins Arms has received a number of extremely favourable reviews.

 

Energy Performance Rating

See Legal Pack

 

Auctioneers Note

The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000.

The completion period for this property is 8 weeks (56 days)

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property. If the property is currently occupied during the term of the auction but is to be sold with vacant possession, the auctioneer and selling agent take no responsibility if the property is not vacated on or before completion.

No floor plan added.
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