Popular Newquay bar put on sale for £1.85 million

Newquay's popular Belushi's bar and hostel is up for sale.

The property, which is set back from Fore Street, is being marketed for sale with a £1.85 million price tag.

Marketed by London agent Christie & Co, the listing describes the venue as a three-storey end-of-terrace building made of brick, featuring a pitched tiled roof. It includes a ground-floor themed sports bar, while the upper floors offer hostel-style accommodation with 68 beds spread across 14 rooms.

The listing states that the building's freehold is available by separate negotiation.

The venue is set in grounds featuring extensive clifftop trade seating areas to the rear, as well as large covered seating areas to the front.

It also says there is an opportunity to purchase the adjoining three-storey residential terrace property, which is also under the current seller’s ownership. The property consists of three bedrooms, two bathrooms, a lounge, a rear patio area, and parking for two vehicles.

"The business currently operates as a branded St Christopher's Inn and Belushi’s Sports Bar, which is open to both hostel guests and non-guests. Belushi’s is open all day to cater to guests, locals, and tourists, offering all-day dining, live sports on large HD TVs, and regular live music and DJ entertainment. In addition to a wide selection of beers, lagers, spirits, and cocktails, the food menu includes a variety of meat dishes, salads, and light snacks.

The accommodation is very popular, with demand driven by tourists and backpackers visiting Newquay and its sandy beaches, as well as a large number of surfers drawn to the area."

Advertised on Rightmove, the listing states that the hostel achieves an average bed rate from £12 to £70 per night, depending on the time of year, and business rates are thought to be £116,000.