One of Cornwall’s most popular waterfront pubs sold after being put on the market with a price tag of almost Â£ 1.4million.
The 18th century Shipwrights Arms at Helford went on sale last August, with agents Charles Darrow saying there had been a “high level of interest”.
The two-story thatched, Grade II-listed 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. stone, and flagstone floors.
The Shipwrights Arms is a popular riverside pub
For the past five 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.
However, he told The Packet last year that after 25 years in the industry, now is the time to take a step back, even though the family will continue to run the Royal Standard.
He said: âThere comes a time when you have to hang on a bit and this year is that time.
“It’s with a heavy heart and mixed feelings. It’s always been one of my favorite pubs, even before I bought it.”
Devon-based estate agents Charles Darrow said the sale “presented an incredible opportunity for the right buyer to continue a dynamic and thriving business”.
Full ownership has been sold for a guide price of Â£ 1.395million to a private investor, who intends to run the site under management and ‘as is’.
The sale included a private pier, licensed at the pub and available year round to patrons.
The pub itself has a capacity of over 90 diners spread over four areas: the Mermaid Terrace with seating for 16 diners, the main lounge bar which has seating for around 40 diners and the central wooden bar, the “Fisherman’s” which can accommodate 18 other guests and the “Yachtsman’s” with tables for 16 customers.
The main lounge bar
On the first floor is the owners’ accommodation with three bedrooms with a private side entrance.
Outside there are further multi-level terraces with additional picnic benches for more than 100 guests and parking for eight vehicles, with a building permit in place for a larger parking lot as well as five. bedrooms.
Jon Clyne, Director of Charles Darrow, said: âDespite the obvious business challenges that exist in today’s climate, sites like this are expected to be bustling with customers when the vacation vacation begins again in earnest.
âThe Shipwrights is truly an iconic hostel that given the interest we had we could have sold several times – so the terms were agreed very quickly.
“The general consensus in the market is a bit pessimistic, but opportunities like this in the South West are generating considerable interest and we expect this trajectory to continue.”