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Pub for sale

Clovelly Road, Bideford, Devon, EX39


Property Description

Full description

Tenure: Leasehold

In a busy residential area on the outskirts of Bideford, the property is surrounded by chimney pots and has an excellent local following. The property is set back from the main road which connects Bideford town centre to the main industrial estate at Clovelly Road and beyond that to the large indoor shopping precinct, Atlantic Village and Asda supermarket. The property is within walking distance of the town centre, quay side and nearby schools.

Bideford is often referred to as the White Town on the banks of the River Torridge being a busy port and tourist centre and serving the surrounding hinterland and nearby villages of Appledore, Instow, Northam and Westward Ho!.

The premises comprise of a character corner terraced property which is interlinked with the adjoining cottage providing to the ground floor, approximately 1,400 sq ft of public space providing the main bar in 4 sections and a large rear function room (former skittle alley) with access beyond to a large level beer garden with children's play area. The ground floor has ample cloak room facilities, commercial kitchen, freezer room and beer cellar. To the first floor, accessed from a side entrance door, access is gained to a five bedroom apartment.

Now available for genuine retirement reasons the business is that of a traditional public house open throughout the year 7 days a week, opening hours are Monday - Thursday 3.30pm to 11pm, Friday - Saturday Midday till 1am and Sunday midday to midnight. The business is run by a husband and wife team and three part time employees. The pub is traditionally wet sales with a small amount of food sales (with a Food Hygiene Rating of 5) which could be exploited further. The pub has an excellent local following with 9 dart teams and 1 pool team. Our clients have been operating the business for the last 15 years and have an established trade with a turnover of approximately £217,694 (Year ending March 2015). Furthermore there is potential for a bed and breakfast business over the pub.

We understand the lease is for 20 years from 2000 at a current rental of £22,400 per annum being an original Whitbread Lease (free of tie on all ciders, wines, spirits and soft drinks, with permission for one guest ale and one bottle ale) now the freehold is owned by Enterprise Inns plc. An incoming tenant would need to provide the usual bank and trade references for Enterprise Inns and undertake the usual application process. This is a tied public house.

The accommodation briefly comprises

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