Skip to content

The New Inn, Roborough, Winkleigh, Devon EX19 8SY

£300,000

£102.46 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

2,928 sq ft

272 sq m

SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments

A4

Key features

  • Rental Income: £22,000 p.a.
  • Gross Initial Yield: 7.33%
  • Comprises public house with restaurant and outdoor seating area
  • Includes 2-bedroom owner`s accommodation at first floor

Description

Investment Consideration:
Gross Initial Yield: 7.33%
Rental Income: £22,000 p.a.
VAT is NOT applicable to this property
Comprises public house with restaurant and outdoor seating area
Includes 2-bedroom owner`s accommodation at first floor
The only pub located in this beautiful Devon country village

Property Description:
Comprises public house arranged as a ground floor bar & restaurant with full commercial kitchen, function room and 2-bedroom owner`s accommodation. The property benefits from outdoor seating area and provides the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, commercial kitchen, storage, customer wc`s
First Floor: 2-bedroom owner`s accommodation, bathroom
Total GIA: 272 sq m (2,928 sq ft)

Tenancy:
The property is at present let to Nir (24) Ltd with Personal Guarantee for a term of 6 Years 11 Months from 15th May 2024 at a current rent of £22,000* p.a. and the lease contains full repairing and insuring covenants. Rent review on 15.05.27 and 15.05.30 open market upward only. No breaks
*Tenant pays reduced rent of £19,500 p.a. until 14.05.25.
The vendor will top up rent until 14.05.25 so the buyer receives £22,000 p.a. from completion

Location:
Roborough is situated midway between the A386 Okehampton to Bideford Road and the A377 Exeter to Barnstaple road. Barnstaple is around 10 miles to the north; Okehampton around 15 miles to the south and Torrington 5 miles to the west. The New Inn is situated in the heart of this sought after Devon village which in turn sits amidst rich farmland and rolling countryside. The New Inn is the focal point for the village and its surrounding hamlets. Roborough has a population of around 300 people and The New Inn benefits from consistent year-round patronage with the normal seasonal uplifts.

Brochures

The New Inn, Roborough, Winkleigh, Devon EX19 8SY

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Portsmouth Arms Station3.7 miles
  • Umberleigh Station4.7 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference thenewinnsale. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.