Delightful Character Public House In Popular Fishing Village For Sale

Business description

11/11/08 REDUCED BY £35,000 TO SELL NOW £540,000 OFFERS CONSIDERED Period village inn located in this popular fishing village. A character public house with delightful l-shaped bar plus 28-seater restaurant and separate function room/games room, 5 bedroom private quarters and p.p. for 2 further bedrooms. Takings circa £185,000. Excellent scope to increase, genuine sale after 14 happy years.

Property information

Property:

Freehold

Living accommodation:

The Royal Hotel is Grade II Listed building comprising of a character 'L' shaped bar and restaurant on the ground floor with a function room and further restaurant area to the rear. The upper floors comprise of a five bedroom family apartment but has been used in the past as letting accommodation. In addition, the property benefits from planning consent to extend over the rear restaurant to provide two further letting bedrooms and bathroom facilities. The property has part radiator central heating and there is a rear enclosed yard and parking space, as well as a cellar and good sized commercial kitchen, freezer room and utility room. In addition, there is a cobbled forecourt for picnic benches in the summer and the property is deceptively spacious in this convenient location, only a few yards from the Quay.

Location:

The quaint fishing village of Appledore lies on the banks of the River Torridge overlooking the Estuary towards Instow with its sandy beach and sand dunes, upstream to the River Taw and across to Crow Point and the Atlantic. Appledore with its narrow streets and many fisherman cottages has a number of quaint shops including art galleries, gift shops and restaurants.

The village is a thriving community and is also famous for having one of the longest established dry docks in the West Country, namely the 'Richmond Dock' which has recently celebrated its 150th year. Plans are now being proposed for the redevelopment of the docks to provide a new Maritime Heritage Centre with a possible waterside cafe, art gallery and a new home for the local Kathleen May Schooner. The village is easily accessible within only a few miles from the nearby town of Bideford connected via the North Devon link road to Barnstaple and beyond to the M5 motorway via junction 27.

Other information

Expansion potential:

Our clients have been operating this public house for 14 happy years and during that time an established trade has been built up with a current turnover in the region of £185,000 per annum. Full accounts are available to those seriously interested parties who have inspected the premises. The business is under the personal supervision of a husband and wife team who do not live on the premises at the moment and the upper floors have been let, however, it will be offered with vacant possession. It is considered that a discerning purchaser living on site will increase the trade further by developing the food trade and extending the hours of opening. This is a freehold freehouse with no ties, with an annual barrelage in the region of 250 barrels. We strongly recommend early viewing to avoid disappointment.