Traditional Character Inn Overlooking Quay In Bideford For Sale

Business description

This attractive character Grade II listed three storey property is believed to have been constructed in the mid 1500's as a
Public House and Inn. The property has been updated over the years and now provides to the ground floor, an L'shaped open plan dining area, commercial kitchen to the rear, cellar and storage area. To the first floor there are three en-suite letting bedrooms and laundry room as well as a large rear landing and function room. To the second floor, there are four private bedrooms. Our clients have been in occupation since 1998 and have built up an excellent local trade.

We understand the property will be offered comprehensively equipped as a going concern, subject to trade inventory.

Property information

Property:

Leasehold

Lease terms:

We understand the premises will be offered on the basis of a 20 year lease on fully repairing terms from Enterprise Inns, the Landlords, at a current rent payable of £40,500 per annum.

Leasehold rent:

£40,500 per annum

Location:

This Grade II listed Public House is located in a prime tourist trading position on Bideford Quay, set back from the main Quay side and the river Torridge. It is therefore in a prime position to take advantage of local and seasonal holiday trade.

Business Operation

Trading hours:

The pub opens 7 days a week 10am until 11pm or midnight.

Employees:

The business is currently operated by the owner with manageress and up to twenty part-time staff if and when required.