WESTCOUNTRY EXETER FREEHOUSE
Price:
Leasehold - £450,000
Location:
Devon, exeter, EXETER
Business Type:
Commercial Property, Hotels
SITUATION
Situated in the centre of the beautiful village of Broadclyst on the B3181, 4 miles from Exeter and close to the National Trust attraction of Killerton House and Gardens and adjacent to the Parish Church of St John the Baptist. Broadclyst has a resident population of 2650 and is nestled amongst the picturesque valley of the river Clyst. The village itself is particularly well known for quality period properties dating from the 15th and 16 Century, many of them being traditional thatched properties, as well as other grandeur Georgian residences and farms.
The Freehouse and hotel is located on the B3181 which connects Exeter to Cullompton. The M5 motorway can be accessed at Junction 28 or 29. Exeter offers all main County town facilities including historic Cathedral, vast shopping facilities as well as one of the top UK Universities, with a population of 103,000.
THE PROPERTY
The Red Lion is particularly well known and dates from the 15th Century with accommodation over ground and first floors under mainly a pitched and tiled roof. Special features include its cobbled courtyard to the front of the property, exposed beams, open fireplaces, window seats, inglenooks and generous room sizes. Our vendor has carried out major refurbishment during 2003 and 2004 in order to present the business in fabulous condition throughout. It should be noted that much time and attention has been lavished in order to provide the period detail that this property deserves.
The Red Lion is set mainly in its own grounds and includes a substantial car park, small paddock, courtyard and hayloft barn as well as owners accommodation and letting rooms
TENURE
The Freehold of the property is owned by the National Trust who have granted a lease with a rent of £100 per year. The term of the lease is 30 years from the 23 July 2001 Plus buildings insurance.
6 LETTIING ROOMS AND OWNERS ACCOMMODATION
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