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Fabulous Waterfront Inn With Far Reaching Views For Sale

Dawlish, Devon, UK
Asking Price:
£525,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

A substantial three storey freehold property, which has wide reaching sea views from the first and second floors. The property is well positioned just a stones throw from the Dawlish seafront, town and railway station. The immediate area has had significant investment in sea wall defences in recent years, which creates an attractive promenade parallel to the railway track, running alongside the beach. The Marine Tavern is a well known and very popular pub, which trades all year and is particularly busy during the summer months when it becomes one of the most popular hospitality venues for holiday makers in the immediate area.

Property Information

Property:

Freehold

Location:

Dawlish is an attractive seaside resort which together with Dawlish Warren occupies over four miles of South Devon coast between the mouth of the River Exe and the town of Teignmouth. There is an indigenous population of approximately 12,000 which increases substantially during the summer months when many tourists visit the area. Dawlish is located at the outlet of a small river, Dawlish Water (also called The Brook), between Permian red sandstone cliffs and is fronted by a sandy beach with the South Devon Railway sea wall and the Riviera Line railway above. Behind this is a central public park, The Lawn, through which Dawlish Water flows.

Premises Details:

The accommodation briefly comprises:-

Entrance porch
Leading to:-

Main trading area
Traditionally decorated, open plan trading space for circa 40/50, with upholstered bench and banquet seating to perimeters and raised section used for live music. Two further seating areas to the front. With part carpeted, part slate, part wooden flooring, the room is decorated with an impressive collection of pub memorabilia, bric a brac and railway prints. Main bar servery which is timber topped and fronted.

Ladies & gents wc's

Utility room
With dishwasher and ice machine (rented).

Commercial kitchen
With main extraction, tiled floor, sink and a range of commercial equipment and refrigeration.

Bar servery
With 2 bottles fridges, hand pumps and beer fonts with back bar fittings.

Store room
Located immediately behind bar servery.

First floor

Tempature controlled beer cellar

Storage room
With door to outside private patio area. Separate rear doorway to outside for delivers.

To the front of the first floor is the:-

Owners accommodation
A spacious 1 bed flat with wide ranging sea views.

Living room

Office /store room

Master bedroom en-suite
With WC, wash hand basin, bath and shower over.

French door to:- Outside balcony with sea views.

Second floor

Managers flat
In need of refurbishment and formerly used as a small flat.

Two large rooms
Currently used for storage but could be used as living space.

Bathroom
With WC, wash hand basin and shower.

4 Well presented letting rooms
All with flat screen TV's and tea and coffee making facilities.

Cabin 1
Situated to the rear. Double room with en-suite WC, wash hand basin and shower.

Cabin 2
Quad room with double bed and bunk beds with bay window and elevated sea views. En-suite with WC, wash hand basin and shower.

Cabin 3
Double room with sea views. Separate bathroom over the other side of the landing with WC, wash hand basin, bath and shower (for exclusive use by room 3).

Cabin 4
Triple room with double and single beds, with bay window. En-suite bathroom with WC, wash hand basin, bath and shower over.

General information

The business
The Marine Tavern is a very successful and well known pub, enjoying an unrivalled position on Dawlish seafront. The business has been run under a tenancy for the 16 years by husband and wife couple, who have now decided to retire. The pub is being sold by the freeholder as a going concern business, with the benefit of the trade inventory and goodwill.

The Marine Tavern has a far reaching reputation with a strong local and regular following, which is boosted considerably in the summer months by the many visitors to the area. The Marine Tavern also has a strong link with railway, bringing in plenty of train enthusiast throughout the year.

The bar is well stocked with a large range of ever changing real ales, lagers and ciders. The Marine Tavern prides itself on provide tasty homecooked 'pub grub' and the pub is also well known for its live music and open mic nights.

The accommodation is also popular at the Marine Tavern, with four very well presented letting rooms, three of which have spectacular sea views over the South Devon Coastline. These rooms are popular year round and add another dimension to the operation. The business has a full on licence and trades 7 days a week from 12 noon to 11pm.

The Marine Tavern trades strongly with an annual turnover in the region of £350,000 ex VAT which could be grown further under new ownership.

Further trading profit and loss accounts will be provided to bona fide interested parties, following a formal viewing through the Sole Selling Agents, Bettesworths.

Business rates
2017 List: £24,500.

Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority.

Inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

Stock
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Council tax band a

Other Information

Related Documents:

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