Freehold Pub In Bideford Shopping Centre For Sale

Business description

Prominently situated, highly visible corner property facing down Mill Street which is one of the main pedestrianised areas in town. Just a stone's throw from the much visited Bideford Quay where cargo ships still call and MS Oldenburg ferries day-trippers to the Isle of Lundy. The pub has a main bar with two dining areas leading off - all fairly recently refurbished. Modern fully equipped kitchen, cellar, good customer toilets. Extensive owners'accommodation which could provide 2 S/C flats or some B&B. There is a huge opportunity to increase food sales which have been neglected in recent months. Currently under agency management.

Property information

Property:

Freehold

Living accommodation:

4 double bedrooms, lounge, kitchen, bathroom, shower room, separate WC, utility room/office, large roof void for development

Location:

The pub is highly visible in Mill Street, probably the main shopping street of the town with interesting independent retail shops and restaurants.

Other information

Expansion potential:

There is a superb opportunity for a versatile couple with catering skills to promote the food business especially as there is a constant stream of shoppers and tourists in season right on the doorstep. The accommodation comprises 4 double bedrooms, lounge, kitchen, bathroom, shower room, separate WC, utility room/office and a large roof void dor development (STPP). It has to be said that the accommodation is in need of refurbishment but could provide 2 self contained flats, owners flat plus B&B or become one large dedicated owners apartment.

Competition / Market:

There are several pubs in the vicinity but the Heavitree Arms is probably commanding the best position and has excellent potential to expand trade.

Support & training:

There could be some limited assistance offered once contracts have been exchanged

Reasons for selling:

Local pub company disposal due to churning of the estate

Trading hours:

Mon-Thurs: 10am-Midnight; Fri-Sat: 10am-1am; Sun: 10am-Midnight

Financing available:

There are no accounts available as the business was tenanted for many years. Why not Google us for early information on this property

Inventory / Stock value:

£2,500

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