The popular Sir Humphry Davy pub is set to reopen following a sale coordinated by specialist property adviser Christie + Co.
The business closed over the summer of 2015 and after a short but extensive marketing campaign, which resulted in multiple offers, the pub was sold for an undisclosed sum off a £225,000 asking price to local operator, Mr David Stokes.
Mr Stokes, who also owns multiple licensed premises in Penzance, plans to let the pub. He comments: “I have lived in Penzance all my life and I am delighted to have secured the future of one of Penzance’s most iconic pubs.""
Stephen Champion, South West licensed specialist at Christie + Co’s Exeter office who handled the sale, says: “The Sir Humphry Davy generated significant and competitive interest, and its sale to a local operator is fantastic news for the town. We have no doubt that the pub will be in good hands with Mr Stokes and we wish him all the best with this superb acquisition.
Across the South West region we are seeing strong demand for closed freehold pubs at the moment from a range of buyers, including local operators and those wishing to expand their current operations. We expect this trend to continue into 2016.”