5 bedroom residential development for saleDEVON
REF: 7761 LEASEHOLD
CHARMING 17th CENTURY FREEHOLD VILLAGE INN OFFERING EXCELLENT ACCOMMODATION AND TRADING AREAS WITHIN THE SOUGHT AFTER DEVON VILLAGE OF PETROCKSTOWE, NR OKEHAMPTON
Lovely prominent position within the heart of the village and offers stunning views over the countryside.
Traditional Lounge Bar/Dining Area (circa 40) with carpeted & tiled flooring, bar servery and beams.
Restaurant (circa 16) offers carpeted floors, beamed ceilings and feature fireplace.
Car Park for 20 cars.
Superb Front Beer Garden offering seating for 40 and stunning views.
Barn with possible development opportunities (stpp).
Excellent Spacious 5 Bedroom Living Accom.
Advised turnover is approx. £3,000 per week on a 70% wet and 30% food trade split. Over the last couple of years turnover has reached circa £190,000 (inc vat) per annum.
AN EXCELLENT OPPORTUNITY TO ACQUIRE A CHARMING BUSINESS IN A DESIRABLE LOCATION WITH HUGE POTENTIAL
This lovely 17th Century Freehold Inn and Restaurant is located within the sought after village of Petrockstowe, North Devon.
Petrockstowe is an affluent village and civil parish in the district of Torridge, North Devon.
The southern boundary of the parish lies on the River Torridge and is surrounded by the parishes of Peters Marland, Merton, Huish, Meeth, Highampton, and Buckland Filleigh.
The village lies about 4 miles from the town of Hatherleigh and 2 miles west of the A386 road.
This thriving community village benefits from two churches, village hall and a recreational ground with a cricket pitch.
The famous Tarka Trail runs alongside the village bringing a huge number of tourists to the area, all following the 180 mile Tarka Trail circuit from Meeth to Braunton.
This delightful 17th Century Inn and Restaurant is of stone construction, under a pitched, tiled roof, occupying a pleasant location in the heart of Petrockstowe, Devon.
The Lounge Bar/Dining Area (circa 40) is a pleasant and traditional room benefitting from a mix of carpeted and tiles flooring, bar server area, beamed ceilings and exposed stone walls along with a pool table and darts throw. This room is home to two pool teams, three darts teams and a skittles team.
The Restaurant (circa 16) is a lovely room ideal for intimate dining and offers carpeted flooring, beamed ceilings, feature fireplace and quality furnishings.
Ladies and Gents W.C.'s.
Ground Floor Cellar has pumps, racks, python system and coolers.
Fully Equipped Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces offers easy access to both the restaurant and lounge bar.
The owner's accommodation is situated on the 1st floor and briefly comprises: 3 Double Bedrooms, 2 Single Bedrooms, Lounge, Bathroom and Shower Room.
To the front of the property is a delightful and Beer Garden mainly laid to lawn offering seating for approx. 40 customers and offering lovely countryside views.
To the side of the business is an extensive car park for 20 cars.
To the other side is a stone built barn offering potential for development (stpp).
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 10am - Midnight
Fri - Sat 10am - 1am
Current opening hours are:
7 days per week Midday - 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.
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 and all other mains services (no services seen or tested), and heated by gas central heating. We are advised that the current Business Rates Payable are £1428 per annum.
The current owners purchased the business in Sept 2015 as a family concern but due to unforeseen health issues our vendors are having to offer the property back to the market.
This business offers an ideal opportunity to acquire a lovely property in a very desirable part of the country.
We are advised the current turnover since Sept 2015 is averaging at £3,000 per week (inc vat) with a trade split of 70% wet and 30% food although this has been over the winter months. Over that past few years, the business has an average turnover of £180-190,000 per annum.
Accounting information will be made available to interested parties after viewing.
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)
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