The property is believed to date back from the 17th Century and is in the heart of the village adjoining the main church.
The Laurels or the White Hart as it was first known in its historic past was used for many purposes including a coaching house on the main road from Launceston to Lynton, a home for fallen women of the parish, a lodging house and a private dwelling.
It reopened in the mid 1970's. The pub is now a popular venue with tourists and locals which provides a spacious bar area, 24 seater restaurant, 2 split level kitchens and bar cellar as well as ladies and gents cloakrooms.
Upstairs there are 5 bedrooms, bathroom WC and shower room and a large lounge with glorious views over the village of the Devon countryside beyond to as far as Exmoor in the distance.
The business is now available for genuine reasons and is open throughout the year, 7 days a week as a popular village free house.
The pub is run by a husband and wife team and one full time as well as two part time staff if required.
The revenue is determined from the 90% wet sales and approximately 10% food sales, plus has the potential for an income from the letting of 2 first floor guest bedrooms at a tariff of £80 for the double room per night and £40 for the single room.
Turnover is in the region of £157,840 per annum.
The pub is well supported by the locals with 2 skittles teams, a Wednesday darts team, 2 pool teams on a Thursday, a Friday Darts team. In addition in the first Tuesday of each month is a Quiz Night, the third Tuesday a Bingo Night, as well as the forth Tuesday a Themed Food Night. A Local Football Team and a Cricket Team also frequent the Pub after matches.
Opening hours vary depending on the day and season.
The village of Petrockstowe is a small and lively community; nestling in the unspoilt countryside of North Devon's rolling hills. The village is located approximately 8 miles south of Torrington, 5 miles from Hatherleigh and 12 miles from Okehampton.