Summary - THE KINGS ARMS, 5, MARKET SQUARE TR19 7HF
3 bed 1 bath Pub
Seating for c.88 inside and outdoor seating for 24 on Market Square
Well-equipped commercial kitchen with 6-burner cooker and extraction hood
Three-bedroom private accommodation above; investment planned
Estimated annual sales circa £300,000 (seller-stated, unaudited)
Offered on a 5-year tenancy to St Austell Brewery with wet tie
Short 5-year lease may limit mortgage lending or investor financing
Annual rent guide £24,000; current rateable value £24,250
Located in busy market square, strong tourist and local passing trade
A traditional Cornish public house occupying a prime position on St Just’s Market Square, this stone-built, two-storey pub benefits from strong passing trade and seasonal tourists in an Area of Outstanding Natural Beauty. Trading areas and dining spaces seat around 88 inside, with picnic-bench seating for 24 outside, and the business reports estimated annual sales of circa £300,000 (seller-stated; unaudited). The well-equipped commercial kitchen and cellar support continued pub and dining operations immediately.
Upstairs accommodation comprises three bedrooms, lounge, kitchen and bathroom, with planned investment for the private flat. The current arrangement is offered as a new five-year tenancy with St Austell Brewery (initially TAW) and includes a wet tie. Annual rent is guided at £24,000 and the current rateable value is £24,250.
Important considerations: the tenancy term is only five years. Although the tenancy is protected under the Landlord & Tenant Act and therefore renewable, the short remaining lease term may deter mortgage lenders and could restrict traditional lending options. There is also a wet tie to the brewery and the local area records higher-than-average deprivation metrics, factors investors should consider alongside the strong tourist location and local support.
This property suits an investor or experienced pub operator able to work with brewery tenancy terms and who can manage finance around a short lease or operate on a cash or commercial lending basis. The building’s traditional character, central position and turnkey kitchen present clear opportunities to maintain and grow trade with modest refurbishment of the dated interior if desired.
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