Now available for genuine retirement reasons. The business is that of a busy town centre local's pub with 75% wet sales and 25% food trade. The pub has an excellent local following with 4 skittles teams, one shove halfpenny game, two darts teams, one Saturday super league darts team and a Sunday euchre card team. Our clients have been operating the pub for the last 5 years, during that time they have upgraded equipment, redecorated the property, and fully equipped a large commercial kitchen upstairs. The pub has an excellent business turnover of approximately £270,000 per annum. Details of which will be made available to those seriously interested parties who have inspected the property.
Number of bedrooms: 4
Self contained 1 bedroom owners apartment plus 3 letting rooms.
In a prominent corner location overlooking the River Yeo and fronting onto Rolle Quay, the property is located just across the river from the main town centre which is approximately 100 yards walking distance. The property is directly opposite a public car park and close to the Tarka Trail and cycle path (approximately 500 yards). Therefore this public house is ideally placed for passing trade and close to many hundreds of chimney pots in the area of Rolle Quay and Pilton. Barnstaple is North Devon's largest commercial centre, with a population in the region of 35,000 inhabitants. It is a busy commercial centre and has a host of local, regional and national retailers.
The premises are held on the balance of a 15 year lease with approximately 10 years remaining and the main landlord is the St Austell Brewery. The current rent payable is £15,500 per annum which will increase next year. An incoming tenant will need to provide the usual bank and trade references for landlord's approval.
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