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This is an 18th-century coaching Inn situated a short walk from the busy town centre of Launceston. The White Horse is close to the Castle being just a short walk down the hill and also close to all of the attractions of Devon and Cornwall. There is a mainline railway station and plenty of local and national bus routes linking the town with the rest of the country.
It is a pleasant pub with a quiet lounge, conservatory, and a busy public bar with a high ceiling. The latter hosts a big-screen TV showing football and occasional live music. There are also dining areas. There is a small bar to the front with a larger bar to the side leading to a two-floor restaurant area with a function room above. In addition to this, there is a fully functioning commercial kitchen.
There is outside space to the front with two patios for smokers and a car park with around 30 spaces.
The private accommodation has three bedrooms, a lounge, a kitchen, and a bathroom. There are also rooms in the upper parts which could possibly be converted into letting rooms.
The White Horse Launceston.
Property details.
LANDLORD INVESTMENT PLANNED
This is an 18th-century coaching Inn situated a short walk from the busy town centre of Launceston. The White Horse is close to the Castle being just a short walk down the hill and also close to all of the attractions of Devon and Cornwall. There is a mainline railway station and plenty of local and national bus routes linking the town with the rest of the country.
It is a pleasant pub with a quiet lounge, conservatory, and a busy public bar with a high ceiling. The latter hosts a big-screen TV showing football and occasional live music. There are also dining areas. There is a small bar to the front with a larger bar to the side leading to a two-floor restaurant area with a function room above. In addition to this, there is a fully functioning commercial kitchen.
There is outside space to the front with two patios for smokers and a car park with around 30 spaces.
The private accommodation has three bedrooms, a lounge, a kitchen, and a bathroom. There are also rooms in the upper parts which could possibly be converted into letting rooms.
Cask Ale
Catering Kitchen
Team Games
Pool Area
Live Entertainment
Live Sports
Experienced Operator
Trading style.
The White Horse caters to many different types of customer occasions from a post-work drink to a big night out. The restaurant and function room areas also allow for family events and special occasions to be catered for whilst servicing the demand for a good pub menu during the week and the famous Carvery on the weekends.
The pub is open and trading well, it is an ideal opportunity for a new partner to take over the business and take it to the next level.
An experienced publican with the skill to run a large town centre site with a restaurant and potentially convert some of the upper parts into letting rooms.
Key financials.
Reference Number:
6M23WN / ROT-PL15
Agreement Type:
TAW / Tenancy
Min Ingoing Cost:
£5,000.00
Annual Rent:
£29,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Length of Tenure: TMA/TAW leading to a 5-year Tenancy
Agreement type: Part-Tied TMA/Tenancy. Free of tie-on Wines, Spirits & Minerals. Tied to BIB Minerals
Rent: £29,500 First month Rent Free! Rent Steps to support new operator.
Ingoing’s: £5k deposit plus working capital. Inventory at valuation on flexible terms (as required and when on a substantive agreement)
An experienced publican with the skill to run a large town centre site with a restaurant and potentially convert some of the upper parts into letting rooms.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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