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Two New Entries
An opportunity
to acquire a busy locals pub that also benefits
from a healthy visitors trade in the summer has come about in the South Hams
– an area officially designated as being of outstanding natural beauty.
The pub has a strong following of locals which is boosted during the summer
months by the many tourists who flock to this beautiful part of Devon.
The full accommodation includes lounge and public bars, a dining room for both
smokers and non smokers, well equipped commercial kitchen, car park, excellent
beer cellar and owners spacious accommodation of three double bedrooms, two
bathrooms, lounge and fitted kitchen.
Bettesworths are seeking £****** for the leasehold
interest, including trade inventory and goodwill.
Instructed leading licensed property agents Bettesworths (01803 212142)
to market the business and, to ensure a quick sale, has agreed to reduce the
asking price to £****** for the freehold.
The complex fronts onto the very busy major road linking Totnes and the coastal
resort of Paignton in Torbay. It is well known and has the added bonus of not
only attracting passing trade but a considerable
number of visitors during the summer months, thanks to its high profile location.
The premises are suitable for large or small bookings and include the 75 seater
restaurant, a showbar and function suite and a well laid out saloon bar. The
facilities make an ideal venue for parties, weddings and discos as there is
a public entertainment licence in force for 400 people.
In addition, there is a fitness centre with gymnasium and an indoor heated swimming
pool which is believed to be one of the largest in the area.
The exterior of the building has recently been redecorated and there are ongoing
improvements being carried out. There are also two residential flats and limited
parking.
The business has been built up by the present proprietor over a number of years
and the turnover is in excess of £****** excluding VAT with a good gross
profit margin. However, according to licensed property
agents Bettesworths who have been appointed sole selling
agents, there is still scope under more active management for the trade
to be further expanded.
Chagford is one of four old stannery towns in Devon where tin was thought to
be assayed from Medieval times. Now Chagford thrives as a market town and is
a popular tourist centre centre for Dartmoor and the farming community, standing
on the eastern end of the moor with spectacular scenery in close proximity,
including the Teign Valley and some of the most beautiful parts of Dartmoor.
The town is approached off the A382, some four miles from the main A38 trunk
road giving easy access to the Cathedral city of Exeter some 19 miles away.
Bettesworths are inviting offers on an asking price £****** for this valuable
freehold freehouse, trade inventory and
goodwill.
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