Ugborough

MAIN ENTRANCE

With corridor leading to:-

MAIN BAR

A character room with rustic feel, exposed ceiling beams, part oak, part slate flooring, corner granite topped bar servery, part exposed stone walls, part painted timber tongue and groove panelling. Various seating including upholstered bench seating.

DINING/FUNCTION ROOM

Another charming room, situated over split levels with exposed ceiling beams, part tiled flooring, part oak flooring. Entrance door from front. Feature bay window, fireplace with cast iron wood burner.

KITCHEN

A fully equipped and recently professionally cleaned commercial kitchen with full extraction and a range of professional catering equipment including Rational oven. Servery hatch to dining area. Corridor leading to:-

WINE CAVE

With cast iron gate.

UTILITY ROOM

GROUND FLOOR BEER CELLAR

Temperature controlled.

BOILER ROOM

LADIES WC

GENTS WC

UNISEX WC

Stairs to:-

FIRST FLOOR

LETTING ACCOMMODATION

The Anchor has 10 superior letting rooms, with 6 located in the main Inn and 4 cabins situated in the courtyard. All rooms are beautifully presented with the main rooms boasting vaulted ceilings and exposed beams. All rooms have been completely refurbished in the last month and are presented to an exceptional standard.

ROOM 1

Double room. En-suite.

ROOM 2

Double room. En-suite.

NB. Rooms 1 & 2 can be combined to make a family suite.

ROOM 3

Double room. En-suite.

ROOM 4

Double room. En-suite.

ROOM 5

Double room. En-suite.

ROOM 6

Double room. En-suite.

ANNEXE

A fully refurbished separate 'L' shaped building overlooking the courtyard. The four letting rooms are again presented to a superior standard and all rooms have access from the ground floor level. These rooms have en-suite bathrooms with baths and showers over.

ROOM 7

Double room. En-suite.

ROOM 8

Family room with double bed and bunk beds. En-suite.

ROOM 9

Double room. En-suite.

NB. Rooms 8 & 9 have interconnecting door and are able to be presented as a large family suite.

ROOM 10

Double room. En-suite.

LAUNDRY ROOM

EXTERIOR

Steps leading to:-

OWNERS/MANAGERS ACCOMMODATION

Arranged as:-

MAIN DOUBLE BEDROOM

KITCHENETTE

BATHROOM

With walk-in double shower.

OUTSIDE

Main gravelled car park in courtyard for circa 10/12 cars.

Newly landscaped beer garden patio with 5 pub benches.

BARN

Large barn, ideal for functions and weddings with dedicated outside bar and separate ground floor beer cellar.

NB. This barn is not included in the lease agreement, although, could be considered.

GENERAL INFORMATION

THE OPPORTUNITY

The Anchor Inn presents a fantastic opportunity for an experienced hospitality operator to establish and develop a high-quality country inn in one of the most desirable parts of the South Hams.

The combination of bar, restaurant, accommodation and events space creates the potential for a strong and diversified business, with multiple income streams and the ability to trade year-round.

There is clear opportunity to position the property as a food-led destination venue, complemented by well-presented letting rooms and event offerings.

LETTING TERMS

The landlord is keen to adopt a flexible and supportive approach in order to secure the right operator and facilitate a successful long-term business.

Initially, the property will be offered on a Tenancy at Will, allowing an incoming tenant to commence trading quickly and benefit from the early 2026 summer season. It is the landlord's intention that, subject to satisfactory performance over an initial period of approximately 6 months and full compliance with the lease covenants, the arrangement would then convert into a longer-term 10 or 15-year full repairing and insuring lease (with security of tenure).

Initially, the proposed rental structure is designed to be attractive and performance-led, comprising:
• Base Rent: £36,000 per annum (£3,000 per calendar month)
• Turnover Rent: 10% on net turnover above £300,000 ex VAT
• Contribution from Landlord to be rebated back to tenant for upkeep/repairs

This structure ensures that fixed costs remain...

DEPOSIT

A rental deposit of £18,000 will be required.

OPERATOR PROFILE

The owner is seeking an experienced operator or strong management team with a proven track record within the hospitality sector. The opportunity would ideally suit:

• A chef and front-of-house partnership
• A husband-and-wife/partnership team
• An experienced operator looking to take on a high-quality, ready-to-trade business

Applicants will be required to submit proposals supported by:

• Proposal
• Business plan
• Cash flow forecast
• Proof of funding
• Relevant experience / C.V.

FREEHOLD OPPORTUNITY

The owner may consider a freehold sale at a guide price in the region of £700,000, although letting is preferred. Further details available upon request.

RATEABLE VALUE

2026 List: £24,000.

Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority.

EPC AWAITED

TRADE INVENTORY

The trade inventory will remain under the ownership of the landlord initially. This may be reconsidered if the agreement is converted to a full lease at a later stage.

SERVICES

We have been informed that the property is connected to all mains services. The property is centrally heated.

VIEWING

Viewing is highly recommended and can be arranged by prior appointment with the Sole Agents, Bettesworths.