Pub 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.


Main Front Bar 
27' x 17'7" overall with wood faced 13' bar server. Feature fireplace. Timbering. Access through to

Lounge Bar/Dining Area 
25'6" x 13'5" overall with secondary bar server. Fireplace. Access through to rear passageway leading to the kitchen and garden.

Gents & Ladies Cloakrooms 

Catering Kitchen 
11'5" x 9' well equipped stainless steel catering kitchen and extraction. Store room off.

Beer Cellar 
Chilled beer cellar with still room off.

Outside 
Lovely walled beer garden with tables and chairs plus covered/smoking area.

First Floor Landing 
Doors off to

Living Room 
15'4" x 13'9" sash window to front aspect. Stone fireplace surround. Radiator. TV and telephone points. Exposed timbering.

Dining Room 
15' x 10'2" timbering to walls and ceiling. Window. Radiator with cover. Stairs at rear of room to

Kitchen 
13'5" x 12' average width. Range of wood front units. Roll-edged worktops with stainless steel sink. Neff electric oven and Hotpoint ceramic hob with canopied filter hood over. Integrated fridge. Plumbing for dishwasher. Two windows. Doorway and stairs to rear of room to

Potential Annex Flat 
17' x 13'8" with kitchen units along one wall. Two windows. Stable door to owners roof terrace. Stairs down to

Store Room 
19' x 12' potential for adaption to a bedroom or living area. This room was previously used as a restaurant.

Bedroom 1 
17'2" x 11'9" sash window. Fitted wardrobes and storage cupboards along one wall. Radiator.

Bedroom 2 
14'6" x 10'2" fitted wardrobe and open-fronted hanging area. Former fireplace opening. Wash basin. Window. Radiator.

Bathroom 
Corner bath with mixer shower tap, wash basin and W.C. Towel radiator. Window.

On the Second Floor 

Bedroom 3 
12'3 x 11'5" sash window and rood window. Radiator. Ceramic wash basin on wooden cupboard-stand.

Bedroom 4 
11'9" x 10'4" sash window. Wash basin. Radiator. Storage recess with hanging rail.

Bedroom 5 
13'2" x 9'6" window. Radiator. Wash basin.

Shower Room 
Glazed corner shower enclosure, wash basin and W.C. Velux roof window. Chrome finish towel radiator.

Directions 
Travelling south on the A38 Expressway from Exeter, take the Ashburton Linhay exit and follow signs for the town centre. Once in the centre of the town proceed into West Street and The Exeter Inn will be found on the right after about 200 yards.

More information from this agent

Nearest station

  • Totnes (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Howard Douglas, Ashburton

2 North Street, Ashburton, TQ13 7QD

01364 714004 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.

Floorplans


To view this property or request more details, contact:

Howard Douglas, Ashburton

2 North Street, Ashburton, TQ13 7QD

01364 714004 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

  • Totnes (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Howard Douglas, Ashburton

2 North Street, Ashburton, TQ13 7QD

01364 714004 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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