THE BAKERS ARMS 8-10 SOUTHGATE STREET • LAUNCESTON PL15 9DP A substantial and historic public house located in the centre of Launceston with a strong wet-led trade. Three separate trade areas and a function room together with seven letting rooms and a three bedroom owners flat make this a superb opportunity with plenty of room to grow trade. Currently run under temporary tenancy. Main Character Bar Second Bar Pool/Games Room Catering Kitchen First Floor Function Room Seven Letting Bedrooms Three Bedroom Owners Accommodation Beer Cellar Cloakrooms Fixed price ingoings of £1,500 (+VAT, if applicable) inclusive of all remaining furnishings and equipment (not tested) on site. Most of the trade furniture & equipment is owned by the current temporary tenant. RENTAL OFFERS INVITED FOR A 20 YEAR FREE OF TIE LEASE To include trade inventory & Goodwill Ref 193810 01803 21 20 21 LOCATION Launceston is on the A30 trunk road, the main route in to Cornwall for both visitors and residents and is approximately 40 miles west of Exeter, 50 miles north of Plymouth and 30 miles east of Bodmin. It is roughly midway between the north coast of Cornwall at Bude and the south coast at Saltash. Dartmoor National Park is less than 10 miles distant. DESCRIPTION The Bakers Arms is a traditional Town Inn situated in the centre of Launceston adjacent to the South Gate with its double arches. An Inn has stood on this site for many centuries and over the years has served as a Civic meeting place, Hostelry and a Theatre. Its position close to the South Gate made it an ideal venue for people entering or leaving the old town of Launceston. In 1747 the Inn was known as the Queens Arms and was used extensively by the town’s people for receptions and entertainment. In 1772 the name was altered to the Kings Arms and in 1847 the building was completely remodelled to its present layout, and was subsequently renamed The Bakers Arms. The property now provides substantial trade space with the added attraction of seven letting bedrooms and good size owner’s accommodation. The accommodation briefly comprises:Glazed front door to SMALL ENTRANCE PORCH and door to MAIN BAR Large window to the front, carpeted, dark wood panelled walls, open fireplace with granite hearth and surround. Seating for circa 24 at timber tables with a mixture of upholstered chairs, bench seats, window seat and bar stools. Wall light points. Attractive heavy timber topped and fronted BAR SERVERY with non slip floor, 2 hand pulls for real ales, beer fonts, stainless steel glass washer, electronic till, glass fronted wine fridge, shelves under the bar for glass storage and back bar with optics and shelves under. 2 Glass fronted bottle fridges. Connected to the rear bar. Tiled floor and walls, 2 cubicles with close couple WC’s, vanity unit with inset wash hand basin, electric hand dryer and window to the side. BEER CELLAR Temperature controlled, with ring main and python system and wood stillage for real ales. From the Rear Bar, door and stairs up to the FIRST FLOOR. Door to:FUNCTION ROOM Two windows to the front. Carpeted, night storage heater, feature open fireplace with tiled surround. LETTING ROOM 5 Double bedroom with window to the front, carpeted, vanity unit with inset wash hand basin. From the Main Bar door leads to POOL ROOM With carpeted floor, large window to the front, down lighters and pool table with lights over. KITCHEN With a range of domestic base units with roll edge work surfaces over, tiled splashbacks, 2 microwaves, double deep fat fryer, stainless steel sink and drainer (please note the kitchen requires a complete refit). From Main Bar door to Stairs down to Entrance Door to the front. REAR BAR Good size trade area, carpeted, window to the side, large open fireplace with ornate cast iron grate and copper hood over and tiled surround. Modern BAR SERVERY with non slip floor, beer fonts, glass fronted double bottle fridge, electronic till, stainless steel sink and drainer, cupboards under the bar for glass storage and back bar with shelves for bottle and glass storage. Seating for approximately 30 at a mixture of modern sofas, built in bench seating and upholstered stools. 2 Flat screen televisions and 2 AWP machines. Off the First Floor Landing door to SHOWER ROOM/WC With tiled shower cubicle, close couple WC and pedestal wash hand basin. LETTING ROOM 6 Small twin room with window to the side, carpeted, pedestal wash hand basin. GENTS CLOAKROOM Window to the side, tiled floor, partly tiled walls. 3 Urinals, wash hand basin and electric hand dryer. LETTING ROOM 7 Double bedroom with windows to the side and rear, carpeted, electric heater and door to DISABLED TOILET Tiled floor, partly tiled walls, close couple WC, wash hand basin and electric hand dryer. LADIES CLOAKROOM EN SUITE BATHROOM Window to the rear, panelled bath with tiled surround, close couple WC and pedestal wash hand basin. Stairs to the SECOND FLOOR LETTING ROOM 1 Large twin bedroom, carpeted, electric heater, window to the front, vanity unit with inset wash hand basin. OUTSIDE To the side of the pub there is a public lane across from which is:- LETTING ROOM 2 Window to the front, single room, carpeted. LARGE GARAGE With parking for approximately 5 cars and doors to 3 STORAGE ROOMS. Door to the rear of the garage leads to steps down to a lawned trade garden with fence surrounding. LETTING ROOM 3 Small double room, window to the front, carpeted, electric heater. LETTING ROOM 4 Good sized twin room, windows to the front and rear, carpeted, Off the Second Floor Landing door to SHARED SHOWER ROOM With tiled shower cubicle, electric shower over, close couple WC and wash hand basin. Window to the side. Door to SMALL LINEN CUPBOARD. To the rear of the Second Floor, door to GENERAL INFORMATION RATEABLE VALUE £32,700.00. Rates payable £14,159.10. Council Tax Band A. For information, we advise you to contact the Local Authority, Cornwall Council Tel. 0300 1234 171. THE BUSINESS The business is currently being run under management. There are no trading accounts available and interested parties will have to make their own enquiries regarding the previous trading history of the business. PRIVATE ACCOMMODATION LOUNGE With two windows to the side, carpeted, night storage heater. TENURE A new 20 year lease with the Wellington Pub Company managed by Criterion Asset Management Ltd. The lease will be completely free of tie. Rent reviews will be every 5 years and the rent is also subject to an annual RPI uplift. The lease will be full repairing and insuring. KITCHEN/BREAKFAST ROOM Window to the side, range of base and wall units with roll edge work surfaces over, tiled splashbacks, inset single stainless steel sink and drainer, built in electric oven, built in electric hob with electric cooker hood over. Applicants will be required to provide detailed background information and a business plan to be approved by the lessors. A personal licence is also necessary. References and a credit check will also be applied for. BATHROOM Window to the rear, panelled bath with tiled surround, electric shower over, pedestal wash hand basin. SERVICES We are informed that all mains services are connected. SEPARATE WC Window to the rear, close couple WC. INVENTORY To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects. Stairs leading up to the THIRD FLOOR LANDING with doors off to:- NOTE: Most of the Trade Furniture and Equipment is owned by the current temporary tenant. DOUBLE BEDROOM With double glazed window to the front, carpeted, small window to the rear, built in wardrobe. STOCK Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion. SINGLE BEDROOM/OFFICE Double glazed window to the front, carpeted, wash hand basin. SINGLE BEDROOM Double glazed window to the front, carpeted, wash hand basin. DOUBLE BEDROOM Double glazed window to the front, night storage heater, wash hand basin. IMPORTANT NOTE: Messrs Bettesworths for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract; (ii) no person in the employment of Messrs Bettesworths has any authority to make or give representation or warranty whatever in relation to this property. The fittings, equipment and services have not been tested by the agents. VIEWING: By appointment with the Agents – BETTESWORTHS
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