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5 bedroom terraced house for sale

Ashburton

£425,000

Property Description

Key features

  • Main Bar and Dining Area
  • Commercial Kitchen
  • Chilled Beer Cellar
  • Very Spacious Five Bedroomed Owners Accomodation
  • Walled Beer Garden
  • Excellent turnover with potential to increase food sales

Full description


The Exeter Inn stands centrally within the vibrant South Devon town of Ashburton, roughly mid-way between the two cities of Plymouth and Exeter.

The town has a thriving art, music and food scene and hosts numerous festivals throughout the year such as the contemporary open-house art event, and the traditional ale tasting and bread weighing ceremony. As well as serving an active resident town population and various smaller outlying communities the town attracts many thousands of visitors and is the perfect base from which to explore the spectacular landscape of Dartmoor and the South Devon coastline with its sandy beaches and sheltered coves. It is home to many antiques and craft shops as well as the internationally recognised Ashburton Cookery School.

The Exeter Inn is housed within an historic grade II listed building with origins dating back to the medieval period and believed to be the oldest pub in Ashburton. As well as the extremely characterful bar and dining areas the property has excellent owners accommodation spread over the upper two floors with a roof terrace area. There is a lovely walled beer garden enjoying privacy and a surprising degree of tranquillity for such a centrally located garden.

The Business
The Exeter Inn has been in the present ownership for almost thirty years and is a traditional wet-led town centre free house which enjoys a popular local following. Indeed the pub is seen as part of the town community and is home to the Darts team, regular quiz nights and is used as a meeting venue by local clubs and societies. The business is run by three family member owners with a small number of part time staff. Current opening hours are Monday - Saturday 11am to 2.30pm then 5pm to 11pm. Sunday hours are 11am to 3pm then 7pm to 10.30pm.

Trading Information
Preliminary accounts for the year ending May 2017 show sales of £203,175.65 including VAT with excellent gross profit margin. Full detailed accounting information can be made available to interested parties following a viewing.

Potential
There is much scope to increase the food sales side of the business. We understand that the current trade sales split is approximately 85% wet and 15% food.

Rateable Value
The business rateable value in the current year is : £10,750
The council tax band for the residential accommodation is : B
For further clarification and information please visit www.voa.gov.uk.

Services
All mains services connected.

EPC
The property is listed and therefore exempt from any EPC requirements.

Stock
Wet and dry stocks (approximately £5,500) to be taken over by the purchaser at valuation on the day of completion.


More information from this agent

Listing History

Added on Rightmove:
19 September 2015

Map & Street View

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