Popular Devon Village Pub For Sale

Business description

Two miles from popular surfing beach at Croyde. The premises comprise of an end terrace cottage style property operating as a busy Public House with the ground floor providing 2 Bar areas and Cloakrooms and to the first floor private accommodation and a popular music function room. Also to the rear are landscaped beer gardens which have been improved by the current Landlord. The Pub will be offered for sale subject to trade inventory as a going concern. The private accommodation provides a Lounge, Bathroom/wc and separate Bedroom, as well as 2 further box rooms and separate Shower Room/wc.

The business is that of a predominately wet sales led Public House opening throughout the year opening 7 days a week Monday - Thursday 2pm - midnight and Friday, Saturday, Sunday midday to midnight. The business is operated by a Landlord and his son and part-time staff if and when required. The Pub holds open mic nights in the music function room.

Property information

Property:

Leasehold

Lease terms:

We have been advised by the Landlord that the premises are held on the residue of a 30 year lease with 10 years unexpired with rent reviews every 5 years at a current rental of £20,000 per annum. The pub is tied to a brewery lease with Enterprise Inns and tied to the sale of beer. Soft drinks, wines and spirits are at the discretion of the Landlord. A copy of the lease will be available for those seriously interested parties who have inspected the premises.

Leasehold rent:

£20,000 per annum

Living accommodation:

The private accommodation provides a lounge, bathroom/wc and separate bedroom, as well as 2 further box rooms and separate shower room/wc.

Location:

In a prime main road tourist trading position in the heart of Braunton the property faces the main route from the Village centre to the coast. Braunton itself is reputedly one of the largest villages in the West of England and possibly in England itself and is located some 2 miles from the sea and 4 miles North of Barnstaple the regions commercial centre. The village has a good variety of local shops.

Business Operation

Trading hours:

Opens throughout the year opening 7 days a week Monday - Thursday 2pm - midnight and Friday, Saturday, Sunday midday to midnight.

Employees:

The business is operated by a Landlord and his son and part-time staff if and when required.