Popular Busy Public House In Devon Seaside Town For Sale

Business description

A busy, popular town centre pub with a good local following. Community focused business with predominantly wet led trade. Substantial premises, well furnished, in good decorative order.

Property information

Property:

Leasehold

Lease terms:

3 year automatically renewing Scottish and Newcastle Pub Enterprises lease with limited responsibility for repairs. Option available to convert current lease to a 25 year FRI Lease following talks with SNPE

Living accommodation:

Substantial owners living accommodation comprising:- Bathroom, WC, Large Kitchen, 6 Bedrooms, several storage rooms, large Lounge area. Large enclosed Patio area. Additionally, a further 7 rooms with separate Bathroom/WC ripe for conversion. Separate 1 Bedroom Flat with separate entrance also adjoins the property.

Location:

Located in the busy and popular seaside town of Paignton, right in the centre of Torbay. Approx 3 minutes walk to the beach and harbourside and situated centrally adjacent to both Bus and Railway stations. Excellent catchment area for Torbay (Brixham, Paignton and Torquay), Newton Abbot and Exeter.

Other information

Expansion potential:

Huge potential to grow the Catering side of the business. Also huge potential to develop the substantial first floor into several letting rooms/accommodation.

Competition / Market:

Currently the business is predominantly wet led, some catering provision with the potential for this to be expanded dramatically due to the huge well equipped Commercial Catering Kitchen on site. Number One Venue for Live Music and Entertainment in the town.

Support & training:

Substantial quality training package is offered by Scottish & Newcastle Pub Enterprises

Reasons for selling:

Emigration forces sale due to relocation abroad.

Trading hours:

11am to 12 midnight 7 days a week

Financing available:

Please note that Trade Fixtures and Fittings are included in the asking price of £89,950

Furniture / Fixtures value:

£30,000

Inventory / Stock value:

£4,000

Contact the seller

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