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This is an historic Grade II listed dwelling operating as The Southgate public house established as a thriving restaurant, coffee house and licenced bar.
The premises comprises of an open plan ground floor bar area with seating for 50 customers in a comfortable environment and enjoying views towards the town centre also at ground floor level there are ladies and gents cloakrooms and to the first floor a very pleasant function room with seating for a further 30 customers. At first floor level is a large well equipped commercial kitchen. The public rooms have been decorated and styled to a high standard. The upper floors have been tastefully refurbished to provide a comfortable two bedroom apartment with a very attractive open plan lounge/dining area with fitted kitchen and vaulted ceiling. There are two bedrooms and shower room/WC.
Operated by the owner with 3 members of staff, this busy town centre pub and restaurant opens 6 days a week (closed on Sunday). Hours are Monday to Wednesday 10am to 5 pm and Wednesday to Saturday 10am – late. Accounts can be made available to those seriously interested parties who have inspected the premises. This business is for sale fully furnished and equipped and is rated in the top 5 restaurants in Barnstaple on TripAdvisor. Stock at valuation to be purchased separately.
The premises are offered on the basis of an assignment of an existing lease for sale for £39,950 for the remainder of a 7 years with current rent passing of £17,000 per annum plus VAT on full repair and insuring terms.
£17,000 per annum
In a prominent eye catching corner position in the very centre of Barnstaple opposite the Fortescue Hotel, the premises are located at the Southern end of the High Street and close to the town's main square, within easy access of The Strand and all High Street amenities.
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