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HIGHLY DESIRABLE 16TH CENTURY FREEHOLD VILLAGE INN SITUATED WITHIN THE AFFLUENT EAST DEVON VILLAGE OF EAST BUDLEIGH, CLOSE TO THE SEASIDE TOWN OF BUDLEIGH SALTERTON

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  • Beautifully positioned in the heart of this sought after village and within 2 miles of the beach.
  • Traditional and quaint trading areas including a Lounge Bar (circa 30) and Restaurant (circa 30) offering beamed ceilings, feature fireplaces and carpeted flooring. Further unused room that has been a Dining Room in the past.
  • Enclosed Patio Courtyard Garden for 30 customers.
  • Commercial Catering Kitchen.
  • Brand New Thatch in 2013.
  • Charming 3 Bedroom Living Accommodation.
  • We are advised turnover for y/e 04/18 is £252,000 (inc vat) with a trade split of 50% wet and 50% dry.
BEAUTIFUL GRADE II LISTED THATCHED VILLAGE SET IN AN HIGHLY AFFLUENT EAST DEVON VILLAGE CLOSE TO THE COAST


ASKING PRICE £385,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful Grade II Listed 16th Century Village Inn is located on the High St of East Budleigh. East Budleigh is an affluent village in East Devon. The villages of Yettington, Colaton Raleigh and Otterton lie to the west, north and east respectively, with the seaside town of Budleigh Salterton about two miles south. The village is most famous for being the home of Sir Walter Raleigh and a life size bronze statue was unveiled in the village in 2006 in his memory. Budleigh Salterton is the nearest town and is part of the Jurassic Coast World Heritage Site with its pebble beach and red cliffs.

THE PROPERTY

his Grade II Listed Freehold/’Free of Tie’ Village Inn is built of cob & brick construction, under a thatched roof (brand new in 2013), occupying an excellent prominent Main Street position in the heart of this desirable village.

The Lounge Bar/Dining Area (circa 30) is a traditional and inviting room with a large bar servery greeting the customers as they walk in along with benefitting from carpeted floor, feature fireplace and beamed ceilings.

The Restaurant (circa 30) offers carpeted floors, beamed ceilings and a feature fireplace. This is a lovely room offering intimate dining.

There is a further room that has been used as a Dining Room in the past but not currently being utilised by the current owners.

Ladies and Gents W.C.’s.

There is a Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested).

There is a Ground Floor Cellar with python and cooler systems.

OWNERS ACCOMMODATION

Located on the 1st Floor and briefly comprises of: Two Double Bedrooms, Single Bedroom (currently an office), Large Lounge, Fitted Kitchen, Bathroom and W.C all in good condition.

EXTERNAL

To the rear of the property is a Lovely Enclosed Patio Courtyard Garden offering seating for approx. 30 customers. There is also seating at the front of property. The business has 3 private parking spaces. The village car park is within 50 yards of the business.

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:

7 days per week 11am - Midnight

Current opening hours are:

Mon – Sat Midday – 2.30pm

6pm – 11.30pm Sunday Midday – 3pm

7pm – 10.30pm

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 business is offered for sale as a freehold (although we have not had sight of the title deeds).

We are advised that the inn benefits from all mains services and is heated by gas central heating. (no services seen or tested). Business rates are advised as currently being £3,798 payable.

THE BUSINESS

The current owners purchased the business 10 years ago and subsequently acquired the freehold in 2013.

Our vendors have been running the business as a family concern and have enjoyed a lovely lifestyle in this sought after village. New owners will be acquiring an established business with further scope to increase trade with longer opening hours and increased trading areas.

We are advised turnover for y/e 04/18 is £252,000 (inc vat) with a trade split of 50% wet and 50% dry.

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

Details Prepared: May 2019

ADDITIONAL IMAGES

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