South Devon Estuary Town Pub HUGE REDUCTION Freehold For Sale

Business description

OFFERS IN EXCESS OF £500,000. Quaint Grade II listed freehold public house, believed to have originated as a coaching inn, close to "tourist honeypot" quayside area of the affluent town of Topsham, 6 miles south of Exeter on the east bank of the River Exe. Briefly comprising, to whet your appetite, 2 bars with many original features and very nicely presented, modern toilets, ample storage, level cellar, adequately equipped catering kitchen, extensive owners' accommodation with B&B potential. Sheltered rear patio, currently unused but with trading potential (STPP). Smokers and drinkers use an area under the old coaching archway. Be quick to bag this beauty as it's a one-off opportunity.

Property information

Property:

Freehold

Living accommodation:

First Floor: Spacious landing, Bedroom 1 (Double with extra bed), Bedroom 2 (Huge master bedroom en suite), Bedroom 3 (Double), Living Room, Kitchen/Utility, Family Bathroom Second Floor: Bedroom 4 (Spacious double with roof-light views to the estaury), Bedroom 4 (Equally spacious double)

Location:

Nestling at the bottom of Monmouth Hill near to Topsham Quay
(EX3 0JQ) this old inn is in the hub of activity in this popular estuary town which attracts hoards of visitors in season. Boat trips leave from the quay exploring the estuary and this is a favourite haunt for yachts and motor launches which moor overnight or have berths in the little marina.

Other information

Expansion potential:

The business has been run under tenancy for some years and, unfortunately, the current tenant has become seriously ill. The business has thrived over the years but has more recently been reduced due to the ill health problem. There is a huge opportunity to expand the food side of the business and apply to bring into trad the secluded patio area to the side. The accommodation is extremely desireable and runs over the first and second floors. Some B&B has been taken in the past but this is not the case at present.

Competition / Market:

There are several tied pubs in the town but few remaining free-houses. There is enough business for everyone especially for the entrepreneurial catering-orientated licensees who recognise the potential of this lovely atmospheric old inn which is reputed to be the second oldest in the town. Parking is available on the quay and in certain roads around the inn and there is a municipal car park within easy walking distance.

Support & training:

The tenant will help all he can after exchange of contracts

Reasons for selling:

Owned by a small private local pub company who consider the pub would thrive better under private owners now that the property has come up for review due to the ill health of their tenant.

Trading hours:

Mon-Thurs: 10am-Midnight; Fri-Sat: 10am-12.30am; Sun: 10am-Midnight All + 30mins to drink-up

Financing available:

Our brokers will be pleased to quote for financing this unique opportunity. There are no trading accounts available as the business has been run under tenancy.

Inventory / Stock value:

£3,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.