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ATTRACTIVE STONE BUILT FREEHOLD VILLAGE INN & RESTAURANT WITH LETTING BEDROOMS SITUATED WITHIN THE DESIRABLE VILLAGE OF NORTH MOLTON, DEVON, ON THE BORDER OF THE EXMOOR NATIONAL PARK

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  • Lovely village location close to the west and north coast of Devon and the Exmoor National Park.
  • Lounge Bar (circa 40) - traditional room with a lovely open fireplace, bar server, beams and carpets.
  • Pleasant recently refurbished Restaurant (circa 40) with wood floors and country views.
  • Skittle Alley with two skittle teams.
  • 4 refurbished Letting Bedrooms along with 1 Bed Living Accom.
  • Patio Terrace and Car Park.
  • Potential Development Opportunities (STPP).
  • Limited turnover due to personal circumstances and only trading on wet sales, offering huge potential to utilise the restaurant and letting rooms.
LOVELY FREEHOLD VILLAGE INN WITH LETTING BEDROOMS WITHIN THE BEAUTIFUL COUNTY OF DEVON

ASKING PRICE £345,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This lovely Freehold Village Inn & Restaurant with Letting Bedrooms is located on East Street, North Molton.

North Molton is a desirable village, parish and former manor in North Devon.

The population of the parish is approximately 1,500 residents, greatly increased in the summer.

Bounded on the north east by the border of Somerset, it is the second largest parish in Devon, covering about 15,000 acres.

Until the 18th century the village was an important centre of the woollen industry, and mining was also a significant employer in the parish until the 19th century.

The village sits on the south western edge of Exmoor National Park and very close to the A361, North Devon Link Road.

This thriving village benefits from a shop & post office, garage, sports clubs, bus service and excellent primary school.

THE PROPERTY

This substantial inn is of local stone construction, under a pitched, tiled roof, occupying an excellent prominent position within the heart of North Molton, Devon.

The Lounge Bar (circa 40) is a traditional room offering an array of character features including a stunning open fireplace, exposed stone walls and beamed ceilings. The room also benefits from a bar servery, pool table and darts throw.

The recently refurbished Restaurant (circa 40) is a pleasant room to the side of the property offering lovely country views. The restaurant has wood floors and a light and airy feel.

The Skittle Alley can be used as a function room and is home to two skittle teams.

There is a Ground Floor Cellar offering a python system, compressor and coolers.

Ladies and Gents W.C.'s.

There is a good sized Commercial Catering Kitchen offering stainless steel appliances (not tested) and work surfaces.

OWNERS ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: 1 double bedroom and office. The owners could utilise some of the letting bedrooms for further accommodation.

There is ample attic space for further development.

LETTING ACCOMMODATION

Located on the First Floor are four refurbished Letting Bedrooms (Two En-Suite). Two Double Rooms, Family Room and a Single Bedroom.

EXTERNAL

To the side of the building is a terrace patio area offering seating for approximately 16 customers.

To the side of the property is a Car Park for 12-15 cars.

DEVELOPMENT POTENTIAL

We are informed that there may be potential for development opportunities on this desirable plot and we suggest that interested parties make their own enquiries to the local authorities.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun - Thurs 10.30am - Midnight

Fri - sat 10.30am - 3am

Current opening hours are:

Mon - Fri 5pm - Midnight

Sat - Sun Midday - 2pm/5pm - Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).

We are advised that the inn benefits from LPG, Mains Water, Electric and Sewerage with Oil Heated Central Heating (no services seen or tested). Business rates are advised as currently being free of charge.

THE BUSINESS

The current owner purchased the property and business in June 2004 and due to personal circumstances has decided to release this substantial property to the market.

The property is being offered in good condition along with offering considerable scope to increase all aspects of the business with the property currently trading on very limited hours.

The business is predominantly wet trade and would benefit from a fresh outlook on the catering along with further emphasis on the letting accommodation.

Due to personal circumstances the business is trading on limited turnover.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

ADDITIONAL IMAGES

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