Ever fancied running your own pub in Cornwall? Now is your chance as one has come up with the unusual chance to own the freehold.

The King William IV in Madron, two miles out of Penzance, has come on the market for £395,000.

Agents Stonesmith described the pub as "deceptively spacious", with the pub having been completely renovated and refurbished over the last five years, to include a new detached, self-contained annexe.

Falmouth Packet:

The outside of the King William IV at Madron

It also has a main bar and dining area with seating for 30 people, a separate lounge area to fit a further 16 people and an outdoor seating area for 14 people.

It also comes with a beer cellar, newly fitted kitchen, two-bedroom owners' accommodation with private walled garden, and a separate double-bedroom annexe converted from an outbuilding, which could be used as a holiday let with the necessary consent.

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A spokesperson for Stonesmith said: "This well regarded freehouse is quietly traded by our clients in order to fit in with their lifestyle requirements and consequently offers wet sales only – there is however a genuine potential to develop food sales.

Falmouth Packet:

An aerial view of the pub in Madron

"The business offers potential for incoming operators to stamp their mark on the business and develop all aspects of the trade still further.

"There are specific opportunities to increase the current trading hours and by establishing food sales, for which undoubted demand exists."

Plans have also been drawn up to convert the attic space into three ensuite letting rooms, subject to planning permission.