Location The property is situated in Helston Town Centre fronting Coinagehall Street at the junction of Market Place and opposite Church Street. Helston is a market town situated at the northern end of the Lizard Peninsula approximately 12 miles east of Penzance and 9 miles south-west of Falmouth.
Description To be offered by Auction. A three storey freehold public house investment opportunity currently let and producing an annual income of approximately £27,000 per annum. Believing to measure approximately 3,000 square feet in total, including residential accommodation on the first and second floors the property is let on a 7 year lease from May 2018 with the added security of a personal guarantee. The property is located in a popular and busy market town on the lizard peninsula at the junction of the A394 and A3083, approximately 12 miles east of Penzance and 9 miles south of Falmouth
Accommodation Cellar First Floor (part) Office accommodation
First Floor (part) Residential accommodation
Second Floor Residential accommodation
Tenancy The property is currently let to a Mr N Hicks from 3rd May 2018 for a period of seven years at £27,000 per annum. A rent review is scheduled for the 5th year of the tenancy.
General Gross yield 15%. Energy Performance Certificate = C.
The Beehive Public House, 6, Coinagehall Street, Helston, TR13 8EB