If you are looking to lease a pub in Cremyll, The Edgcumbe Arms is available !
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Lease A Pub In Cremyll – The Edgcumbe Arms Is Available
THE EDGCUMBE ARMS REPRESENTS A FANTASTIC OPPORTUNITY FOR AN EXPERIENCED LICENSEE TO DEVELOP A SEASONAL AS WELL AS AN OUT OF SEASON OFFER.
Located in Cremyll adjacent to the foot ferry docking point from which the Edgcumbe Arms benefits greatly in terms of trade in the summer as well as during the reduced service in the winter.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Edgcumbe Arms Cremyll
Location
Located in Cremyll adjacent ot the foot ferry docking point from which the Edgcumbe Arms benefits greatly in terms of trade in the summer as well as during the reduced service in the winter. A large proportion of the trade at the Edgcumbe is seasonal as the site occupies a riverside location with views over the Tamar towards Drake Island and Plymouth with popular coastal and woodland walks up to the beautiful Mount Edgcumbe Park. Visitors also drive to the area with up to 80 spaces at Cremyll pay and display car park.
Internal Trade Areas:
Internally the Edgcumbe Arms has a trade kitchen, 6 letting rooms, 4 of which have been refurbished to a high standard and up to 80 covers overall. Upon entering the site there is a bar area of about 15 covers with a large open fireplace leading on to two traditional timber partitioned area of around 15 covers each. There is also a separate dining area which also has a bar of around 35 covers. The trade potential of this area is substantial given the level of footfall provided by the foot ferry and walkers who visit this popular beauty spot which also has a carvery operation. In the upper parts of the premises there is a function room with fabulous views over the Tamar.
External Trade Areas:
Externally the Edgcumbe benefits from a line of benches to the front of the pub facing the river and benches also to the side in an enclosed area. There is also a long line of benches next to the river opposite the pub making around 100 covers externally in total.
Private Accommodation:
In terms of private accommodation there are two areas, one within the main building and one a small annex connected to the main building. The small annex has one bedroom, a small kitchen and bathroom and a small lounge. The private accommodation within the main building is comprised of a lounge, a kitchen, a bathroom and 4 bedrooms. It is possible that in the future some of this space could be converted to additional letting rooms subject to compliance with regulations.
New Publican Profile:
The Edgcumbe Arms represents a fantastic opportunity for an experienced licensee to develop a seasonal as well as an out of season offer taking advantage of the letting room opportunity and desirability of the Edgcumbe to locals as well as holiday makers and walkers alike
The Edgcumbe Arms Cremyll
Estimated Food Turnover Breakdown
Liquor = 35%
Food = 50% Accommodation = 15%
Rates
Rateable Value from 1st April 2023: £45,000 Rates payable TBC
Likely Ingoing
Deposit 25% of rent
Fixtures & Fittings approximately c £50,000 (TBC) subject to independent valuation
Stock & Glassware approximately £7,500 subject to independent valuation
Total approximately £TBC
We are willing and able to assist with funding those eager to start their own journey. You add the talent and drive, and we can help with the finance.
The Edgcumbe Arms Cremyll
BDM Comments:
Subject to approval we are planning an upgrade to two of the letting rooms as well as the internal trade space and letting room improvements. We are also planning external decoration, lighting and signage works
