The property comprises the Cellars bar and large beer garden with adjoining five residential flats. The property is situated in a prime commercial and residential area on Teignmouth Seafront, close to the Town Centre. All of the residential flats are let. Flat 2 is currently let to the operators of the ground floor Public House and is included in the ground floor rent. The other flats are currently providing a gross income of £25,596 per annum (£2,133 per month).
The ground floor Public House is currently let on a flexible tenancy by the Brewery, who are paid 8% of the takings. The property has further potential for owner occupiers or investors who may seek a longer lease of the Cellar Bar, or even perhaps change of use (subject to planning).