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TRADITIONAL, PROMINENTLY POSITIONED AND DECEIVINGLY SPACIOUS GRADE II LISTED FREEHOLD INN FOR SALE LOCATED WITHIN THE HEART OF HOLSWORTHY, AN HISTORIC DEVON MARKET TOWN

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  • Excellently located High Street position within the lovely market town of Holsworthy, Devon.
  • Traditional Lounge Bar/Dining Area (circa 40), offering bar servery and carpeted flooring.
  • Games Room (circa 30) and impressive Function Room (circa 100).
  • Pleasant 1st Floor Restaurant (circa 40).
  • 3 Bedroom Owners Accommodation.
  • Lovely Decked Patio Area (circa 40).
  • Potential Development (STPP).
  • Advised turnover circa £120,000 (incl. VAT) year end 12/19, based on a trade split of 25% food and 75% wet, previous turnover in the region of £300,000.
A SPACIOUS TOWN CENTRE FREEHOLD INN WITH HUGE SCOPE


ASKING PRICE £239,950 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This traditional and deceivingly spacious Inn is located on Fore Street, the main street through Holsworthy, Devon.

Holsworthy is a market town and civil parish in the north west of Devon.

It is situated near the county border with Cornwall, and is 9 miles from the popular coastal resort of Bude.

Holsworthy is on the intersection of the A388 and A3072 roads, and lies on the River Deer, a tributary of the Tamar.

The town has a thriving outdoor pannier market every Wednesday along with one of the largest livestock markets in the South West. The livestock market has stood on the same site since 1905.

This historic market town with hundreds of years of history was mentioned in the Domesday Book and attracts many tourists throughout the year.

THE PROPERTY

Occupying a prominent main road location this fantastic inn is an attractive and impressive Grade II Listed property. A substantial 3-storey stone built structure under a pitched, slate roof.

Lounge Bar (circa 40) is a good sized inviting room offering a bar server, carpeted flooring, beamed ceilings and traditional furnishings.

Function Room (licensed for 200) is a unique room ideal for parties, functions and events with its own w.c’s and bar server area. This room is home to 2 skittle teams.

Games Room (circa 30) benefits from carpets, t.v’s, 2 pool tables and a darts throw. This area is home to 4 pool teams and 10 darts teams.

Upstairs Restaurant/Meeting Room (circa 40) is a lovely room with carpeted floors, feature fireplace, bar server and beamed ceiling.

Ladies and Gents W.C’s.

Catering facilities include a well equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Lower Ground Floor Cellar with barrel drop, barrel racks, pumps and cooler. Dry Bottle Store.

OWNERS ACCOMMODATION

Situated on the second floor and briefly comprises: Two Double Bedrooms, Single Bedroom, Lounge, Fitted Kitchen and Bathroom.

EXTERNAL

At the rear of the property is a delightful Decked Trade Garden with seating for 40 customers and offering lovely countryside views.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun – Tuesday 10am – 11pm

Wednesday 10am – 12.30am

Thurs – Sat 10am – 1am

Current opening hours are:

Sun – Thursday Midday – 11pm

Fri – Sat Midday – 1am

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds). The property offers all mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being £3,000 per annum.

THE BUSINESS

The current owners purchased the business in 2015 and are offering the property to market due to personal circumstances.

This traditional town centre business has a prominent location in the heart of the town and offers considerable scope to increase trade in all aspects of the business.

We are advised that accounts declare takings of £120,000 (incl. VAT) in the year to end 12/19 on a trade split of 25% food and 75% wet with huge scope to increase trade.

The business has traded at approx. £300k only a few years ago and with new operators bringing new ideas to the property, these figures could be achieved again.

Accounting information will be made available to interested parties after viewing.

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details prepared: Jan 2020

ADDITIONAL IMAGES

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