5 bedroom pub for sale

Devon

£425,000

Property Description

Full description

Tenure: Freehold

REF 8037 FREEHOLD



LOVELY UNOPPOSED FREEHOLD OR PRIVATE 'FREE OF TIE' LEASEHOLD VILLAGE INN WITH LETTING BEDROOMS LOCATED WITHIN THE AFFLUENT SOUTH HAMS VILLAGE OF BLACKAWTON, DEVON, CLOSE TO DARTMOUTH



Excellent position in the heart of the village and offering stunning countryside views.

Traditional Trading Areas including a Lounge Bar/Dining Area (circa 40) and Dining Room (circa 20 covers).

5 Beautiful En-Suite Letting Bedrooms.

Spacious Patio Terrace Area & Garden (circa 60).

Commercial Catering Kitchen & Car Park.

Advised turnover circa £234,265 (incl. VAT) year end 03/17 on a trade split of 55% wet, 25% dry & 20% accommodation.

Freehold or New 10 yr 'Free of Tie' Lease with an initial rent of £20k per annum.

Rare South Hams Freehold Property.


A HIGHLY DESIRABLE FREEHOLD/LEASEHOLD INN WITH LETTING BEDROOMS OFFERED ON A PRIVATE 'FREE OF TIE' AGREEMENT


LOCATION
This beautifully presented freehold or private 'free of tie' leasehold Village Inn with Letting Bedrooms sits in the heart of Blackawton, and since The Normandy Arms closed in 2017, is the only public house or restaurant in this expanding community. Blackawton is a growing village (60 new homes are currently under construction by Linden Homes) and civil parish in the South Hams area of Devon.
The village is situated approx. 5 miles from the very popular resort of Dartmouth in South Devon.
Blackawton benefits from a Village Hall, playing fields, allotments, 13th Century Church along with a Village Shop & Post Office owned and run by the community, and an excellent Primary School. The village hosts an annual 'worm charming' competition.
The nearest town is Dartmouth, a bustling quayside town comprising Elizabethan streets with independent shops, art galleries and a thriving market.
The area offers a wide range of activities including golf, sailing, fishing, walking, wakeboarding, kayaking or just lazing on the stunning nearby beaches including Blackpool Sands. Nearby Woodlands Leisure Park, Caravan and Camping Site is in Blackawton Parish about 2 miles from the village centre.

THE PROPERTY
The property is built of stone construction under various pitched tiled roofs and benefits from a prominent position in the heart of Blackawton, South Devon.
The Lounge Bar/Dining Area (circa 40) offers solid wood floors, large wood burner between dining room and bar, beamed ceilings, bar servery and traditional quality furnishings.
The Dining Room (circa 20) has carpeted floor over wood flooring.
Ladies & Gents W.C's are situated off the Dining Room.
There is a good size Commercial Catering Kitchen with stainless steel appliances (not tested) alongside a wash-up and prep area with additional freezer and fridge.
The Lower Ground Floor Cellar has a python system and coolers. On this level, next to the cellar, there is an additional storage room with freezers, a washing machine and tumble dryer, as well as a log store and a small 'occasional function room with bar (used largely for functions and in summer for serving garden customers).

LETTING ACCOMMODATION
This desirable business offers Three En-Suite Double Letting Bedrooms and Two Family En-Suite Bedrooms all being offered in good condition.

OWNER'S ACCOMMODATION
The property offers 5 En-Suite Bedrooms, any of these could be utilised as living accommodation. There is one very large Family Room that could easily offer a Studio Style Accommodation.
The Freeholder owns a fully refurbished 2 bedroom holiday cottage next door to the business that can be rented by separate negotiation.

EXTERNAL
This property offers a pleasant and enclosed rear Patio Terrace Garden with a Terraced Area offering seating for approximately 30 customers and beautiful country views.
Furthermore, there is a Lawned Garden for 30 customers.
To the side of the property is a Car Park for 8 cars. Planning consent from South Hams District Council to extend the dining room over this patio area has been obtained.

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:

7 days per week 10am - Midnight

Current opening hours are:

Mon - Sat Midday - 3pm
5pm - 11pm
Sunday Midday - 4pm

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 property and business is being offered for sale Freehold (deeds not seen) or as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking price will be £29,950.
2. The initial rent will be £20k per annum.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable quarterly in advance.
5. Equivalent of 3 month's rent paid as deposit on completion.
6. Lease assignable after initial 2 year period.
7. Free of all brewery and supply ties.

8. Each party responsible for own legal costs relating to the transaction.
9. We are advised that our vendor client would be agreeable to insert an 'Option to Purchase' clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.
The property offers LPG for two kitchen appliances (gas grill and range oven with 6 burner hobs) with electricity, water and sewerage mains services. There is no mains gas in Blackawton Village. Central heating and hot water are fuelled by biomass boiler burning wood pellets, this generates a quarterly RHI (renewable heat incentive) payment of approx. £1,300 pa. Photo-voltaic solar panels generate electricity contributing FiT (Feed in Tariff) payments of approx. £2,000. Thermal solar panels contribute to hot water heating for the majority of the year (no services tested). Business rates payable are advised as being free of charge.

THE BUSINESS
Our vendor client has owned the business since 2002 and is offering the business in excellent
condition throughout following an extensive refurbishment, as well as a well-established business with consistent turnover and clientele. The property is being offered either freehold or on a new 'free of tie' lease agreement offering a fantastic opportunity for new operators. Our vendor would consider offering the new lessee the opportunity to purchase the freehold during the lease agreement.
We are advised that accounts declare takings of circa £234,265 (incl. VAT) in the year to end 03/17.
The turnover is based on a trade split of 55% wet, 25% food & 20% accommodation.
Accounting information will be made available to interested parties after viewing.
The property 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 via Guy Simmonds

Details Prepared: January 2018


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

  • Totnes (6.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 (6.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 8037. 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 Business Transfers Limited , National Licensed Property. 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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