Pub for sale

The Monks Retreat, The Square, Broadhempston, Devon, TQ9 6BN

£15,000

Property Description

Commercial information

  • Business for sale

Key features

  • New lease for 10+ years available
  • 3 bed owners/letting accommodation
  • Opportunity to increase business
  • 54 covers in 3 separate dining areas
  • Recent internal & external refurbishment
  • 22,000 annual rent. Energy Rating E

Full description

Tenure: Leasehold

Description

The Monks Retreat is a free of tie, busy village pub which has been impressively refurbished since the current owners acquired the property in 2016.

The freehold owners, who live in the village, are now looking for a tenant who has experience within the hospitality trade and are willing to agree to a new 10+ year lease for the right candidate.

The extensive refurbishment which started when the current owners purchased the business includes new lighting, electrics, cast iron style radiators and a full refit to the gents WC. There has also been a fabulous side extension built by Carpenter Oak to the right hand side of the front door.

Even more recently the rear of the pub is being converted into a beer garden and will be decked to add additional external seating, and will benefit from direct sunshine from mid day. The front elevation has been repainted and new carpet laid in the existing staff accommodation.

There is a large open fire in the dining room as well as a wood burning stove in the front dining area - both of these are surrounded by attractive stone walls

Location

The Monks Retreat fronts the village square in the attractive and progressive village of Broadhempston, the Parish population was 672 in the 2011 census, 4 miles from Totnes and 6 miles from Newton Abbot.

The pub is located adjacent to the Grade 1 listed church, close to the award-winning community run village shop and some 50 metres from the new village hall which opened in 2016

Ground Floor

The front door leads you into the main bar area with the Oak Room off to the right hand side. The newly refitted gents WC leads off this room as does the cellar, through an attractive original wooden door frame.

The bar area has space for 19 covers and a further 21 in the dining area which brings the total to 54 with the inclusion of 14 in the Oak Room.

The ladies WC and the stainless steel, commercial kitchen are accessed off the dining room. There is also a dry store room and two further rooms to rear of the kitchen currently holding a range of fridges and freezers.

First Floor

On the first floor, two of the three available bedrooms are currently being used as letting rooms and were also refurbished in 2016.

However, the entire first floor would make an ideal three bedroom owners accommodation. Two bedrooms benefit from en suites, and there is a separate third bedroom and bathroom as well as two living rooms which could be utilised in a number of different ways to suit the incoming tenants needs.

There will be new carpet laid in the existing staff accommodation and the third bedroom without an en suite.

Tenure
• Leasehold
• Rent £22,000
• Full repairing and insuring
• Lease length 10 -20 years
• Further terms negotiable

The Opportunity

This is a good opportunity to operate a pub in an active village which is in good repair with little need for capital expenditure following the refurbishment undertaken in 2016.

A loyal local following and an increasing number of visitors means that there is the potential to grow this business in the wider community.

There is also the option to convert one of the additional bedrooms into another en suite letting room.

The freeholders are ideally looking for a partnership to run this pub, with at least one person having a chef/catering background and the other able to run the front of house, which would give them the best chance to maximise this exciting opportunity.

Trading Information

We have been provided with limited trading information which will be supplied to interested parties following a formal viewing.

Trading Hours

The permitted opening times on the premises licence are as follows:

Monday - Saturday: 10am - 12.30am
Seasonal Variations: 10am - 1.30am
Sunday: 11am - 12midnight

Business Rates

We have been informed that Rates Payable for 2018/19 are £200 per month.


More information from this agent

Nearest stations

  • Totnes (3.1 mi)
  • Newton Abbot (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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 stations

  • Totnes (3.1 mi)
  • Newton Abbot (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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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