Pub for sale

Nr Kingsbridge

£35,000

Property Description

Key features

  • Substantial Village Inn Situated in the Affluent, Sought After South Hams
  • Successful Business run by a Single Proprietor with a Healthy Income Mix
  • Several Character Trading Areas and Patio Area
  • 2 Bedroom Owners Accommodation, Separate 2 Bedroom Flat
  • Offers the Opportunity for New Owners to Live and Work in this Delightful Part of Devon

Full description

The village of Loddiswell is located in the heart of the beautiful South Hams area of Devon . To the north is Dartmoor National Park (8 miles), to the east the borders of Torbay (20 miles), and to the west Plymouth (18 miles). This area has some of the most unspoilt coastline on the south coast, including the promontories of Start Point, and Bolt Head. The entire coastline, along with the lower Avon and Dart valleys, form most of the South Devon Area of Outstanding Natural Beauty. The A38 trunk road linking Plymouth to Exeter and the M5 is only 7 miles to the north giving easy access to the rest of the South West.

The Loddiswell Inn is a substantial building occupying a corner plot right in the centre of the village with rendered elevations under a slate roof. There are two interlinked trade areas both served by a well equipped commercial kitchen, two bedroom owners flat and a separate two bedroomed cottage currently let out. With good sized ancillary areas and an outside trade patio, the Loddiswell Inn is a versatile property with much to offer the new owners.


SMALL ENTRANCE PORCH 
Door to:-

MAIN TRADE AREA 
Windows to the front and side, carpeted, beamed ceilings, exposed stone work and open fire place with stone surround. Seating for approximately 32 at timber top tables with upholstered high back chairs. Second open fire with brick surround and mantle over, wall light points, dart board, central heating radiators, timber top BAR SERVERY with non slip flooring, 2 hand pulls for real ales, beer fonts, soft drinks dispenser and shelves under bar for glass storage. Two electronic tills, glass fronted wine fridge, glass fronted double bottle fridge. BACK BAR with shelves for storage and optics, steps up to:-

UPPER TRADE AREA 
Windows to the side and rear, carpeted, timber clad walls to dado level and open fire place with stone surround. Central heating radiators, seating for approximately 20 at timber top tables with upholstered high back chairs, door to the rear, beamed ceiling and wall light points. Doorway to:-

WASH UP AREA 
With stainless steel sink and drainer and commercial glass washer.

LADIES CLOAKROOM 
Carpeted, 2 cubicles with close coupled WC, vanity unit with 2 inset wash hand basins and central heating radiator. GENTS CLOAKROOM Partly carpeted, partly non slip flooring, 2 wall hung urinals, single cubicle with close coupled WC, central heating radiato and wash hand basin with tiled splash back.

INNER HALLWAY 
With non slip flooring and door to BOTTLE STORE.

DISABLED TOILET 
Closed coupled WC, wash hand basin and no slip flooring

COMMERCIAL KITCHEN 
A well equipped commercial kitchen with stainless steel extraction system, non slip flooring, 6 ring Lincat gas range with ovens under, Parry combi oven, 4 commercial microwaves and Falcon stainless steel double deep fat fryer. Two electric griddles, electric eye level grill, Parry stainless steel plate warming cupboard and stainless steel preparation tables. Wash up area with double stainless steel deep sink and single drainer, commercial dishwashing machine and steps up to:-

FRIDGE AND FREEZER ROOM 
Non slip flooring, Apollo double upright fridge, stainless steel upright freezer, Mondial stainless steel upright freezer, Caravall stainless steel double upright fridge, Matsui upright fridge freezer, large chest freezer and stainless steel preperation table.

OFFICE 
Non slip flooring, small office with desk. Door to:-

DRY GOODS STORE 
With non slip flooring, stainless steel preperation table and shelves for dry goods storage. From MAIN TRADE AREA, stairs up to:-

FIRST FLOOR OWNERS ACCOMMODATION 
Carpeted landing with doors to:-

LOUNGE 
Good size lounge with French doors to the side giving access to a patio, carpeted, central heating radiator.

KITCHEN 
Window to the side, a range of base and wall units with roll edge work surface over, tiles splash backs, inset single stainless steel sink, double drainer, plumbing for washing machine, space for fridge and freezer and central heating radiator.

BEDROOM 1 
Double bedroom, window to the side, carpeted, central heating radiator and built in wardrobe.

BEDROOM 2 
Small double, window to the side, carpeted and central heating radiator.

BATHROOM/WC 
Suite comprising panel bath with tiled surround and electric shower over, close coupled WC and pedestal wash hand basin. Door to SMALL INTERNAL STORE ROOM.

SEPARATE FLAT 
With its own entrance from the road there is a two bedroom flat with lounge, kitchen and bathroom/WC. NB: The cottage is currently let on an assured shorthold basis, although vacant possession will be granted on completion. This property currently generates £500 rental income per month, therefore providing a significant boost to the overall business.

OUTSIDE 
To the front of the property there is a paved TRADE GARDEN with seating for 16 at traditional wooden pub bench seats and steps leading down to the road. At road level there is a door to a basement BOTTLE STORE and connecting door to:- TEMPERATURE CONTROLLED BEER CELLAR With ring main and python system and post mix machine.

GENERAL INFORMATION 
RATEABLE VALUE £7,750. Council Tax Band A. For information, we advise you to contact the Local Authority, South Hams District Council Tel. 01803 861234.

THE BUSINESS  
The Loddiswell Inn is an unspoiled character village Inn, steeped in history and has been run by the current owner for the last five years. The business is that of a typical village inn, opening Monday to Thursday from 6.00pm until midnight, 11.30am until 2.30pm and 6.00pm until midnight on Friday and Saturday and noon until 3.00pm and 7.00pm until 11.00pm on Sundays. The business is currently operated by the owner with a small team of 3 part timers. The trade has a healthy split of food and wet trade (approx 60/40 wet led) with income also coming from the adjoining 2 bed cottage. The food served at the Loddiswell is 'good, honest pub grub' at affordable prices freshly prepared and sourced locally where possible. Sunday roasts are also popular.

BUSINESS CONTINUED 
The Inn is well frequented by many of the local villagers with a boost to trade coming from the surrounding towns and villages including Kingsbridge, East Allington and Bigbury. Trade is increased by the natural influx of visitors to the South West during the summer months of the year, although the Loddiswell is popular year round. The Inn has an excellent website www.loddiswellinn.co.uk.

TENURE 
Partially Tied Lease from New River Retail Ltd at a current rent of £17,500 per annum. 8 years unexpired. Full repairing and insuring with 5 yearly reviews, RPI linked. The lease is tied for beers, ciders, larger and alcopops - free on all other products.

SERVICES 
We have been informed that the premises are connected to mains electricity, water and sewerage.

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.

EPC RATING 'D' 

More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Ivybridge (6.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Ivybridge (6.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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