5 bedroom pub for sale

DEVON

£345,000

Property Description

Commercial information

  • Business for sale

Key features

  • Lovely village location close to the west and north coast of Devon and the Exmoor National Park.
  • Lounge Bar (circa 40) - traditional room with a lovely open fireplace, bar server, beams & carpets.
  • Pleasant recently refurbished Restaurant (circa 40) with wood floors and country views.
  • Skittle Alley with two skittle teams.
  • 4 refurbished Letting Bedrooms along with 1 Bed Living Accom.
  • Patio Terrace and Car Park.
  • Potential Development Opportunities (STPP).
  • Limited turnover due to personal circumstances and only trading on wet sales.
  • Offering huge potential to utilise the restaurant and letting rooms.

Full description

Tenure: Freehold

Ref 7379 FREEHOLD

LOVELY FREEHOLD VILLAGE INN WITH LETTING BEDROOMS WITHIN THE BEAUTIFUL COUNTY OF DEVON

LOCATION
This lovely Freehold Village Inn & Restaurant with Letting Bedrooms is located on East Street, North Molton.
North Molton is a desirable village, parish and former manor in North Devon.
The population of the parish is approximately 1,500 residents, greatly increased in the summer.
Bounded on the north east by the border of Somerset, it is the second largest parish in Devon, covering about 15,000 acres.
Until the 18th century the village was an important centre of the woollen industry, and mining was also a significant employer in the parish until the 19th century.
The village sits on the south western edge of Exmoor National Park and very close to the A361, North Devon Link Road.
This thriving village benefits from a shop & post office, garage, sports clubs, bus service and excellent primary school.

THE PROPERTY
This substantial inn is of local stone construction, under a pitched, tiled roof, occupying an excellent prominent position within the heart of North Molton, Devon.

The Lounge Bar (circa 40) is a traditional room offering an array of character features including a stunning open fireplace, exposed stone walls and beamed ceilings. The room also benefits from a bar servery, pool table and darts throw.

The recently refurbished Restaurant (circa 40) is a pleasant room to the side of the property offering lovely country views. The restaurant has wood floors and a light and airy feel.

The Skittle Alley can be used as a function room and is home to two skittle teams.

There is a Ground Floor Cellar offering a python system, compressor and coolers.

Ladies and Gents W.C.’s.

There is a good sized Commercial Catering Kitchen offering stainless steel appliances (not tested) and work surfaces.

LETTING ACCOMMODATION
Located on the First Floor are four refurbished Letting Bedrooms (Two En-Suite). Two Double Rooms, Family Room and a Single Bedroom.

OWNER’S ACCOMMODATION
The owner’s accommodation is situated on the 1st floor and briefly comprises: 1 double bedroom and office. The owners could utilise some of the letting bedrooms for further accommodation.
There is ample attic space for further development.

EXTERNAL
To the side of the building is a terrace patio area offering seating for approximately 16 customers.
To the side of the property is a Car Park for 12-15 cars.

DEVELOPMENT POTENTIAL
We are informed that there may be potential for development opportunities on this desirable plot and we suggest that interested parties make their own enquiries to the local authorities.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun – Thurs 10.30am – Midnight
Fri – sat 10.30am – 3am

Current opening hours are:

Mon – Fri 5pm – Midnight
Sat – Sun Midday – 2pm/5pm - Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS
The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).
We are advised that the inn benefits from LPG, Mains Water, Electric and Sewerage with Oil Heated Central Heating (no services seen or tested). Business rates are advised as currently being free of charge.

THE BUSINESS
The current owner purchased the property and business in June 2004 and due to personal circumstances has decided to release this substantial property to the market.
The property is being offered in good condition along with offering considerable scope to increase all aspects of the business with the property currently trading on very limited hours.
The business is predominantly wet trade and would benefit from a fresh outlook on the catering along with further emphasis on the letting accommodation.

Due to personal circumstances the business is trading on limited turnover.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.


Energy Performance Certificates (EPCs)

Nearest station

  • Umberleigh (8.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 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

  • Umberleigh (8.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 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.

Disclaimer - Property reference 7379. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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