The Village, PL20

The Drake Manor Inn is situated in the heart of the charming and historic village of Buckland Monachorum, which lies in the west Devon district of the county. The village is nestled between the town of Tavistock and the Navy Port City of Plymouth in the Tamar Valley AONB close to Dartmoor National Park. The village is on the river Tavy and lies approximately 10 miles north of Plymouth. It has a population of approximately 3,800.

The area has many notable attractions including the Buckland Abbey Estate and the Garden House which is open all year round to the public, Wildside garden and the many notable trails and footpaths within the Tamar Valley. The Village has a long history which attracts tourists and locals. In addition there is a thriving local community.

The Drake Manor Inn is understood to have been rebuilt from an earlier 12th century Inn, located at the foot of St Andrews Church, and once used to house its workers. The Drake Manor Inn was once part of the Buckland Estate , home to Sir Francis Drake. The premises comprises a two-storey detached building with rendered stone walls under a pitched slate roof. The property is Grade II listed and lies within the Village conservation area.

GROUND FLOOR - TRADE AREAS
Two customer entrances are located at the front of the property which leads into the front bars. The PUBLIC BAR is full of character with a large inglenook fireplace with inset wood burner, exposed ceiling timbers, wood effect floor and a corner wooden bar server. Seating for approximately 24. A section of the public bar is referred to locally as the "Cellar Bar", a quaint snug suitable for private diners.

LOUNGE BAR with similar characteristics, with a large inglenook fireplace with log burning stove with seating for 18, bar servery that interconnects with the public bar. Adjacent to the lounge bar is the RESTAURANT to seat 20, having flagstone style flooring, exposed timbers and stone walls. TOILETS are in the inner hallway between the lounge bar and restaurant.

The CATERING KITCHEN which is located off the restaurant is fitted with a range of stainless-steel equipment including an extraction canopy. Washup station. Beyond the catering kitchen is a DRY STORE.

FIRST FLOOR - LETTING ACCOMMODATION/OWNERS ACCOMMODATION
NB: historically utilised as a three bedroom self-contained private accommodation, now comprising:

A recently refurbished well-appointed and self-contained letting apartment with a stylish shaker domestic open KITCHEN area and LIVING SPACE. Two well appointed double BEDROOMS and a family BATHROOM.

In addition there is an, OFFICE, DOUBLE BEDROOM with water supply which could be converted back to an en suite double bedroom.

EXTERNAL
Rear and side TRADE GARDEN with PATIO and benched seating for approximately 90. This is a charming setting with a stream flowing alongside. Beyond is the PRIVATE GARDEN, currently unutilised but could be used as part of the trade garden.

An OUTBUILDING to the rear include GENTLEMENS TOILETS.
Opposite the public house is another trade area which can seat approximately 10.

Adjacent to the front seating area is another OUTBUILDING which houses the stock and bottle store, as well as the refrigerated beer store. Free parking can be found throughout the village.

Our clients have been trading at the Drake Manor Inn for over 35 years, originally operating as tenants for the likes of Courage, Ushers and Punch Taverns before acquiring the site in early 2020. They are now selling the business as they are looking to retire after spending over three and a half decades in the trade.

The Drake Manor Inn is a successful and well-established village freehouse, that operates as a traditional country Inn with a popular food menu and strong local community support. The custom is not only local, but diners come from the surrounding areas including Plymouth and Tavistock.

Trade has remained consistent over the years and the profit and loss accounts for the year end 30 November 2023 showing a net turnover of £465,786, with a gross profit of 66%. Net profits are in excess of £143,000 with further accounting available to serious parties following a formal viewing. We understand the trade split is approximately 50/50 between food and wet sales.

We are of the opinion that the premises would suit an owner operator living in the self-contained apartment above. Alternatively, it may suit a publican with a small, local portfolio that would look to appoint a tenant/manager. There is scope to increase trade by pushing the letting accommodations, which is currently showing room for improvements, as well as expanding the trade garden.

FREEHOLD £695,000 to include goodwill and trade fixtures, fittings and effects. Stock at valuation in addition.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.