A popular riverside pub in Cornwall has been put on the market with a price tag of almost £ 1.4million.
The Shipwrights Arms at Helford is an 18th century pub located on the banks of the river and has its own private jetty, meaning it is visited by as many customers by boat as by car.
The Grade II listed two-storey thatched-roof freestanding house dates back to the 1700s but has undergone extensive renovations over the years, while retaining many of its original features, including exposed beams and stone walls, and slab floors.
For the past four years it has been owned and managed by Roger and Laura Fergus, who also have the Royal Standard in Flushing, Roger having previously managed the Three Mackerels in Falmouth and the Boathouse.
One of the pub’s four dining rooms
However, after 25 years in the industry, he said now is the time to take a step back, even though the family will continue to run the Royal Standard.
He told the Packet: “There comes a time when you have to hang on a bit and this year is that time.
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“It’s with a heavy heart and mixed feelings. It’s always been one of my favorite pubs, even before I bought it.”
For sale with Devon-based estate agents Charles Darrow, it is on the market with a freehold indicative price of £ 1,395,000.
Agents said there had been “a high level of interest” in the pub, following “a significant investment” from the current owners.
The main lounge bar
The ground floor of the Shipwrights is the main shopping area with a capacity of over 90 covers spread over four areas: the Mermaid Terrace with seating for 16 diners, the main boutique lounge bar which includes seating for around 40 guests and the central wooden bar, the ‘Fisherman’s’ seating 18 other guests and the ‘Yachtsman’s’ with tables for 16 clients.
On the first floor is the owners’ accommodation with three bedrooms with a private side entrance.
Outside there are other multi-level terraces with additional picnic benches for over 100 guests.
The private pier, licensed at the pub, is available year round to guests, and there is parking for eight vehicles with building permits in place for a larger car park as well as five bedrooms.
A seating area in the veranda
Jon Clyne, Director of Charles Darrow, said: “Having sold the Inn to Roger, I know firsthand how much investment has been put into the very structure of the building to ensure the future viability of the business.
“The Shipwrights is rightly recognized as one of Cornwall’s most iconic inns and as retirement looms for Roger, given his investment and motivation, the next Guardians will have a solid foundation to begin their operation. . ”
Agents added that with an estimated net turnover of around £ 700,000 and the pub’s reputation “should prove to be irresistible to the right buyer”.