Guy Simmonds Logo
Request Valuation


Guy Simmonds National Pub Auctions

The Kings Head, Altarnun, Launceston, Cornwall

Leading licensed property agents Guy Simmonds sold The Kings Head, Altarnun at an on site auction on 10th February 2009 in conjunction with specialist auctioneers Fisher German LLP
.

The Kings Head The Kings Head

The Kings Head was successfully sold (after attracting several bidders) to a local buyer keen to continue and enhance the pubs current success. Contracts were exchanged on the evening and completion scheduled within 28 days.

Quoting a guide price of £270,000, the present owners offered the Freehold property for sale by auction to give prospective buyers a fighting chance and the sale has brought some much need confidence back into the local market.

Reputed to be one of the prettiest villages in Cornwall, Altarnun stands in a triangle of villages and hamlets which form a backdrop to the sale of The Kings Head. There was good local interest shown from this strong rural community with past and future customers keen to learn the identity of their new landlord.

National Sales Director Marc Blackford of Guy Simmonds said “This was a wonderful opportunity to acquire a lovely Cornish Village Inn, and attracted considerable interest locally and from further afield. After 2 years on the market with various agents, Guy Simmonds brought their unique auction service to the Kings Head with great success.”

Variously known as The Indian Queen, and The London Inn, The Kings Head dating from 1623 was a staging post for coaches, and a meeting place for Roundheads and Cavaliers.

The substantial Grade II Listed village inn is in a prominent position and includes:-

- Lounge Bar/ dining area (35 covers)
- Restaurant (25 covers)
- Public Bar (30 covers)
- Open fire places and flagstone floors
- Well equipped commercial kitchen
- Four letting bedrooms
- Two bedroom owner accommodation
- Self contained flat
- 80:20 food and wet split

Auction Guide Price:
£270,000
Auction Date: 
Tuesday 10th February 2009 at 6pm
Tenure:
Freehold
Turnover:
Circa £183,000(incl VAT) year end April 2008
Sales Agent:

Guy Simmonds 01332 865112.

Website:

 

 

Guy Simmonds Business Transfers Ltd
Coppice Farm, Ashby Road, Melbourne, Derbys DE73 8BJ.
Tel: (01332) 865112 (Main number & answerphone - 24 hours & fax - 5 lines)
www.guysimmonds.co.uk
sales@guysimmonds.co.uk
Registered No. 2727033
© Copyright of Guy Simmonds Business Transfers Ltd
Revision 2C/BFSP