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Elegant Freehold Pub With Letting Rooms In Buckfastleigh For Sale

Buckfastleigh, Devon, UK
Asking Price:
£495,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

Price reduced. A substantial Grade II Listed freehold public house with three superior letting rooms, spacious owner's accommodation and outstanding potential to develop food and accommodation income in the thriving market town of Buckfastleigh, on the edge of Dartmoor National Park.

The Kings Arms is a long-established wet-led public house occupying a prominent position on Fore Street. The business enjoys a loyal local following together with strong passing trade from the area's thriving tourism market, attracting visitors exploring Dartmoor National Park, Buckfast Abbey, the South Devon Railway and nearby attractions. Regular live music, quiz nights and major sporting events, supported by TNT Sports and Sky Sports, have helped establish the pub as a popular community venue.

One of the property's greatest strengths is its untapped potential. The fully equipped commercial kitchen is currently unused, providing an excellent opportunity to introduce a food-led operation, while the three refurbished letting rooms are also not currently trading, offering immediate scope to generate additional accommodation income. Combined with the existing drinks trade and established reputation, this presents an exciting opportunity to significantly increase turnover.

The property also benefits from an attractive enclosed beer garden, ideal for alfresco dining and summer trading, together with a well-appointed owner's apartment. The sale includes the fixtures, fittings and equipment required to continue trading, excluding the owners' personal effects. Wet and dry stock together with bar glassware will be purchased separately at valuation on completion. Offered for sale due to genuine retirement, this is an excellent opportunity to acquire a landmark hospitality business with exceptional growth potential.

Enquire today for further information or to arrange a viewing.

Property Information

Property:

Freehold

Living Accommodation:

Private owner's apartment comprising master ensuite bedroom, office/single bedroom, living room and fitted domestic kitchen.

Location:

Prominently positioned on Fore Street, the main thoroughfare through the historic market town of Buckfastleigh, on the edge of Dartmoor National Park. The town attracts visitors throughout the year and is close to Buckfast Abbey, the South Devon Railway, Dartmoor Otter Sanctuary and some of Devon's finest walking and cycling routes. Excellent access is provided via the A38 Devon Expressway, with Totnes railway station offering direct rail services to London and the wider UK network.

Premises Details:

Substantial Grade II Listed property arranged over two floors within Buckfastleigh's conservation area. Accommodation comprises an impressive entrance hallway with grand staircase, spacious lounge bar with shared timber-topped bar servery and direct access to the landscaped beer garden, public bar with pool table, darts area and feature fireplace, private dining room seating approximately eight guests, fully equipped commercial kitchen, ground floor beer cellar and ladies' and gents' customer WCs. First floor comprises three superior guest suites, including a double and single suite with separate bathroom, an ensuite double room and an additional double bedroom. Private owner's apartment includes master ensuite bedroom, office/single bedroom, living room and fitted domestic kitchen. Outside features a beautifully landscaped enclosed beer garden with patio seating, sheltered entertaining area and seating for over 20 customers.

Business Operation

Expansion Potential:

Excellent opportunity to introduce a food offering, reopen the three letting rooms, increase accommodation income and build on the existing programme of community events.

Reasons for selling:

Retirement.

Trading hours:

Monday: 4:00pm until close.
Tuesday: Closed.
Wednesday-Friday: 4:00pm until close.
Saturday: 12:00pm-11:00pm.
Sunday: 12:00pm-10:30pm.