The Watermans Arms is an attractive Grade II Listed, two storey property with painted rendered elevations under a pitch slate roof. The pretty property has elegant proportions and comprises a character main bar area downstairs with beer cellar and ancillaries with a comfortable two bedroom owner's apartment above. There is an attractive patio beer garden to the side of the property with a sunny aspect. The property is less than a minute’s walk to Totnes High Street.
- Asking Price:
- £450,000
- Turnover:
- Undisclosed
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Freehold
- Location:
-
The Watermans Arms is tucked behind the main high street in Totnes, in a pretty residential area less than a minutes’ walk to town and the Plains.
Totnes is a fascinating historical town, which combines stunning countryside with independent shopping, local food and drink and interesting attractions. This unique and charming town has an international reputation for its lively and diverse community and relaxed atmosphere.
Totnes is situated within the South Devon ‘Area of Outstanding Natural Beauty’, neighbouring the South Hams and is located about 5 miles west of Paignton, 7 miles south west of Torquay and approximately 22 miles north east of Plymouth. Exeter is also very accessible via the A38. Totnes has its own railway station connecting to Exeter and Plymouth and beyond to the rest of the national rail network. There is a regional airport at Exeter and the M5 motorway.
- Premises Details:
-
The premises comprises:-
ENTRANCE PORCH
Leading to:-MAIN BAR
Character trading area with centrally positioned bar servery. Seating at a range of upholstered bench seats, spindle back upholstered chairs and stools with a number of timber tables. Painted tongue and grove panelling to dado height. Main stone fireplace with real fire. Part carpeted, part strip wood flooring. Music system with wall mounted speakers. Juke box (owned) and AWP (rented). Under stairs cupboard.BAR SERVERY
With back bar fittings/shelving, optics, 2 x sink, electronic cash register, dishwasher/glass washer, stillage rack for 2 barrels, 2 glass bottle fridges.UTILITY/STORAGE ROOM
With shelving, various refrigeration and sink. (previously a commercial kitchen). Through to:-CLOAKROOMS
GENTS
With urinal, WC & wash hand basin.LADIES
2 separate WC's each with wash hand basins.GROUND FLOOR BEER CELLAR
Temperature controlled.LARGE FIRST FLOOR STORAGE ROOM
Coal bunker. Door to outside.
FIRST FLOOR
OWNER'S LIVING ACCOMMODATION
Access via internal staircase to:-LIVING ROOM
DOUBLE BEDROOM
FURTHER DOUBLE BEDROOM/OFFICE
DOMESTIC KITCHEN
With fitted units.FAMILY BATHROOM
With WC, wash hand basin, walk in power shower, tiled wall and floors.Airing cupboard & storage cupboard. (Former WC). Loft space above.
OUTSIDE PRETTY TRADE GARDEN
With Wrought Iron fence and patio slabs. Seating at five pub benches with sunny aspect.CAR PARKING SPACE
Option to purchase a separate car parking space, less than one minute from the pub. Price £20,000 Freehold.GENERAL INFORMATION
THE BUSINESS
The Watermans Arms is a successful wet led pub situated in the heart of Totnes, with a great regular and local following, which is boosted by the many tourists that come to the town throughout the year.The business is currently run by the owner on ‘arms length’ basis, with the help of 3 part time staff.
The pub is open from 11am-11pm, 7 days a week and does not offer food, although this could be an addition to the business under new ownership. The property has a full on licence.
The sale of the Watermans presents an ideal opportunity for new owners to run a ‘home and income ‘business, which would provide a significant profit, particularly if worked by the two owners.
For further trading information please contact Matt Bettesworth.
SERVICES
We have been informed that the property is connected to mains gas, water and electricity and mains sewage. The property has the benefit of a gas fired central heating system throughout.RATEABLE VALUE
2023 List: £6,000.Please note this is not Rates Payable. 100% Small Business Rates Relief will be available to eligible parties. Interested parties are advised to make their own enquiries with the Local Billing Authority.
INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.STOCK
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
- Energy Performance Rating:
- C
