Pubs under new ownership

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Miller Commercial’s business transfer team recently completed on two pub transactions in west Cornwall in just one week.

The Balnoon Inn, near St Ives, attracted viewers from across the UK and was eventually secured after a competitive bidding process by local Licensees Jason Osbourne and Michelle Tempest who already operate The Castle Inn, St Ives and The Copperhouse Inn, Hayle.

The Navy Inn in Penzance was being offered on a freehold basis at a guide price of £260k has been acquired by local publicans Ian and Elaine Park who also operate the Coach & Horses Inn which is situated between Helston and Penzance. They are embarking on a programme of refurbishment at the pub with a view to re-opening in February 2021.

Miller Commercial’s Paul Collins said: “it is hugely encouraging to see this level of activity within the licensed sector especially from such highly experienced operators who recognise that the West Country remains one of the best places to own and operate a business within the hospitality industry.”