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Castle Inn, George Nympton, South Molton, EX36 4JE

Guide Price
£575,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • 5 Months Net Sales - £119,395
  • Net Profit c. 37%
  • Wage Costs c. 10%
  • 3 B&B Rooms + 2 Bed Owners Accommodation
  • Presented to a High Quality
  • Energy Rating D
  • Christie & Co Ref: 3451563

Description

Description

The Castle Inn is a charming establishment located in South Molton, Devon. This inn offers a cosy atmosphere with a variety of amenities, including a garden, private parking and a restaurant with bar area. Three lettings rooms are each equipped with a wardrobe, flat-screen TV and ensuite. There is also the added benefit of a three bedroom owners accommodation.

The Castle Inn is conveniently situated near local attractions like Lundy Island and Royal North Devon Golf Club, making it an ideal spot for both relaxation and exploration. The business has good local trade whilst also attracting visitors from surrounding towns.

Location

George Nympton, also known as Nymet St George, is a charming village and civil parish located in North Devon, England and it offers a peaceful rural lifestyle. The village is surrounded by picturesque countryside and is home to several historic buildings, including the Grade II* Listed St George's Church. George Nympton boasts a strong sense of community and its proximity to South Molton provides convenient access to local amenities while maintaining a tranquil atmosphere.

Internal Details

Upon entering The Castle Inn, you'll be captivated by its impeccable condition and tasteful décor. To the left, you'll find a welcoming dining area, while the bar area is situated to the right, with an additional sitting area nestled behind. The property boasts high ceilings and large windows, flooding the space with natural light. The ground floor features a commercial kitchen, utility area, store room, toilet facilities, and a cellar, with convenient access to the garden and first floor accommodation.

A stunning staircase leads to the letting rooms and owner's quarters. There are three beautifully appointed letting rooms, each with an ensuite bathroom, and two of these rooms benefit from dual aspect windows, enhancing the light and airy feel.

The owner's accommodation includes an open-plan kitchen and sitting area, along with two bedrooms, each featuring an ensuite bathroom.

Fixtures & Fittings

All fixtures and fittings are owned outright and are included in the sale price, except a few personal items which will be retained by the owners.

Letting Accommodation

There are three ensuite letting rooms at The Castle Inn, all featuring double beds.

External Details

There is parking to both the front and rear of the property for approximately 12 spaces, and the same can be said for external seating, with a small area at the front of the pub and a larger seating area to the rear.

Owner's Accommodation

The owner's accommodation includes an open-plan kitchen and sitting area, along with two bedrooms (4 and 5 on the floorplan), each featuring an ensuite bathroom.

Other Property

To the side of the property is a set of outbuildings, formally the skittles alley. Currently used predominately for storage, this area can be regenerated to help business growth.

The Opportunity

With a strong focus on food, The Castle Inn enjoys a strong net profit and already enjoys excellent online reviews. The potential to expand the B&B side of the business offers additional growth prospects as well as extending the opening hours. Nestled in a picturesque setting, the property also includes comfortable owners' accommodation, making it an ideal choice for those looking to combine a profitable venture with a beautiful lifestyle.

Trading Information

Net Sales to October 2024 to February 2025 - £119,395.
Historically high net profit, circa 37%
Historically low wages, circa 10% of turnover.

More detailed accounts to follow.

Trading Hours

Monday: Closed
Tuesday: Closed
Wednesday: 17:30 - 22:00 (Bar Only)
Thursday: 09:30 - 15:00 / 17:30 - 22:30
Friday: 09:30 - 15:00 / 17:30 - 22:30
Saturday: 09:30 - 15:00 / 17:30 - 22:30
Sunday: 12:00 - 21:00

Tenure

The property is being sold Freehold.

Business Rates

The current rateable value is £8,700, however various government grants may apply.

Energy Performance Certificates

EPC 1

Brochures

Castle Inn, George Nympton, South Molton, EX36 4JE

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • King's Nympton Station4.5 miles
  • Portsmouth Arms Station4.9 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3451563-fh. 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 Christie & Co, Pubs & Restaurants. 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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