8393L

UNOPPOSED AWARD-WINNING VILLAGE INN & RESTAURANT WITH FUNCTION ROOM / SKITTLE ALLEY BEING OFFERED AS A FREE OF TIE LEASE IN ROBOROUGH, IN THE DARTMOOR NATIONAL PARK, DEVON

8393L


  • Beautiful award-winning 17th Century traditional destination pub in this picturesque Devon village, close to Winkleigh.
  • Cosy Trading Area, Dining Area.
  • Restaurant / Skittle Alley and Function Room.
  • Beer Garden / Patio Area.
  • Commercial kitchen.
  • 2 Bedroom Living Accommodation.
  • Desirable Free of Tie Lease at nil premium but interested parties will need minimum of £20k ‘cash’ (to cover rent, deposit, cash flow etc).
  • Superb opportunity to acquire lease at nil premium and ‘make it your own business’.
A STUNNING OPPORTUNITY TO ACQUIRE A FREE OF TIE LEASE ON THIS BEAUTIFUL PROPERTY AND BUSINESS


NIL PREMIUM


APPLICANTS/INTERESTED PARTIES SHOULD SEND US A BRIEF BACKGROUND/CV AND THESE DETAILS WILL BE FORWARDED TO THE FREEHOLDER/LANDLORD FOR THEM TO DEAL DIRECT WITH YOU

Location

This village freehouse is a traditional destination pub and is the only pub located in this picturesque Devon country village of Roborough. This is a fantastic destination for the West Country and only 12 miles to Barnstaple.

THE PROPERTY

This is a beautiful award-winning 17th Century traditional destination pub, the only pub located in this picturesque Devon country village.

Includes a cosy Trading Area, Dining Area, Restaurant / Skittle Alley and Function Room.

There is a commercial kitchen (appliances not tested).

OWNERS ACCOMMODATION

The owner's accommodation consists of 2 bedrooms, separate lounge, and family bathroom.

EXTERNAL

There is beer garden and a nice and sunny patio area with far reaching West Country views.

There is some parking.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen).

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 being offered for sale leasehold (although we have not had sight of the lease) as a new highly desirable renewable FRI Lease Agreement and we are informed the basic Heads of Terms are as follows:

The asking premium is NIL (landlord retains trade fixtures & fittings).

The initial annual rent will be £25,220 exclusive rates and monthly insurance premium.

Rent payable monthly in advance.

Deposit equivalent of 2 month’s rent.

Lease assignable (so lessee can potentially build up goodwill and sell in future if required).

Renewable* Lease term 6 years, 11 months (to minimise legal and stamp duty costs for lessee).

Free of all brewery ties.

Satisfactory references will be required by the freeholder/landlord.

* We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954.

Business rates payable are advised as being currently nil due to small business rates relief. annum.

THE BUSINESS

The pub is currently running, and is fully kitted out and ready to begin operating under new management. Apparently the current tenant is needing to give up the pub as he operates several in the West Country, and has too much workload.

This pub has also won several awards for food, proving itself to be a fantastic destination venue for the West Country. Located circa 12 miles to Barnstaple.

Apparently rated 4.7 on Google and 4.5 on Tripadvisor with hundreds of reviews and beautiful photos, all raving about this beautiful pub, the village, and their food and drink options.

Interested parties/applicants should email their brief background/CV together with any queries to sales@guysimmonds.co.uk and this will be sent to the freeholder/landlord who will deal directly with you.

Appointments to view will be at the discretion of our vendor client/owner.

ADDITIONAL IMAGES

8393L

8393L

8393L

8393L

8393L

8393L

8393L