Property experts Stonesmith are marketing the sale of The King William IV – a character village freehouse. The property has been the subject of complete renovation and refurbishment over the last 5 years, including all public areas and the creation of the detached self-contained annexe.
The King William IV is located within the heart of the popular village of Madron, West Cornwall. With a true countryside feel, yet located within 2 miles of the coast, Madron offers a village primary school and the pub is very much at the centre of the village community. The nearby town of Penzance is a short drive away and offers a main line rail link to London Paddington. Surrounded by some stunning walks, within easy reach of Penzance and the West Cornwall coastline, a more idyllic location is hard to find.
This well regarded freehouse is quietly traded and offers wet sales only – there is however a genuine potential to develop food sales. The character filled premises briefly comprise of a Character Main Bar and Dining Area (30+), Lounge Area (16), newly fitted Kitchen, Ancillary Facilities, good sized Owner’s Accommodation with 2 Double Bedrooms, Sitting Room and a Bathroom. Externally, the property benefits from a Self-Contained Annexe Apartment, an impressive and stylishly converted outbuilding, which offers a Sitting Room with Kitchenette, Double Bedroom and a luxury Shower Room. Additionally the property benefits from Off Road Parking Areas, Al Fresco Seating Area for 14 customers, a Single Garage, Beer Cellar/Storeroom and an attractive Owner’s Private Walled Garden.
The business offers potential for incoming operators to stamp their mark on the business and develop all aspects of the trade still further. There are specific opportunities to increase the current trading hours and by establishing food sales for which undoubted demand exists. There is also the opportunity, subject to the necessary consent, to utilise the annexe for letting purposes, and plans have also been drawn up to convert the attic space to provide 3 Ensuite Letting Bedrooms (subject to planning consents) with opportunities to generate additional income.
The freehold business is on the market for an asking price of £395,000. Full property details are available on our website: www.stonesmith.co.uk and viewings arranged by calling 01392 201262.