THE PROPERTY
The Old Inn is a traditional Grade II-listed thatched Devon pub with origins reputedly dating back to the 16th Century. The Old Inn is a very attractive detached freehouse which unfortunately closed at the end of 2023. This charming destination country pub was renowned for its ambience, retaining much of the original charm and character, including exposed ceiling timbers and feature fireplaces. It briefly comprises: a character bar (16+), an attractive Bar (20+), a character restaurant (24), well-equipped Commercial Catering Kitchens with extensive Ancillary Areas, a skittle alley, and 3 Double Bedroom Owners accommodations with a Sitting Room, Kitchen and Family Bathroom. Externally, the property benefits from an Attractive Beer Garden (80+) and Car Parking for approximately 25 vehicles. The Old Inn is a highly regarded and well-presented destination country inn, and a viewing is strongly recommended to fully appreciate the quality and standards inherent throughout this impressive business and property and the undoubted potential it offers new owners with the benefit of a NEW FREE OF TIE LEASE.
SITUATION
The Old Inn occupies an extremely prominent and visible landmark trading position, adjacent to the A35 main road, in the village of Kilmington in the East Devon countryside. Kilmington is a desirable and attractive village, situated between the thriving market towns of Axminster (2 miles) and Honiton (7 miles). The A35 is a busy tourist route between Devon and Dorset and the nearby coastline, known as the Jurassic Coast, which has been designated as an Area of Outstanding Natural Beauty and has been awarded World Heritage Status by UNSECO. The popular and attractive coastal towns and villages of Sidmouth, Beer, Branscombe, Lyme Regis and Charmouth are all within 10 miles. The Cathedral City of Exeter is some 26 miles to the west, with an excellent shopping centre, sports and leisure facilities, international airport and access to the M5 motorway.
INTERNAL DETAILS
Main Customer Entrance Doors to the front and rear lead into Main Bar a characterful traditional bar area with solid wood flooring, feature fireplace, darts oche area, range of freestanding tables, chairs, and stools, and comfortable seating for 16 customers plus standing room. Lounge Bar is an attractive character trade area with part flagstone and part wood effect flooring, exposed ceiling timbers, feature inglenook fireplace, wall-mounted menu board, range of freestanding wooden tables and chairs, and comfortable window seating for 20 customers plus standing room. Central Bar Servery serves both bar areas with timber-fronted and topped serve over counters, fitted with a range of back bar fittings and display shelving, with non-slip flooring, double glass-fronted bottle fridge, single glass-fronted bottle fridge, EPOS touch-screen cash register, glass washer and hand basin. Restaurant: another character room with part flagstone and part wood laminate flooring, part exposed stone walls, exposed ceiling timbers, door to the Beer Garden, and a range of freestanding wooden tables and chairs comfortable for 24 customers. Commercial Catering Kitchen with non-slip flooring, fully clad walls and being fitted with a range of commercial catering equipment to include:- extractor system with gas interlock, 6-burner range, 3-door under-counter commercial fridge with saladette over, upright commercial fridge, warming cabinet, serving gantry with warming lamps, stainless steel work benches with shelving below, 2 double-bowl stainless steel sink units and a commercial dishwasher. Freezer Storeroom with non-slip flooring, fully clad walls, 2 chest freezers, upright fridge, upright freezer, stainless steel work benches, racked storage shelving, and hand basin. Ladies & gentlemen's. Skittle Alley is a purpose-equipped space with ball return. Storeroom.
OWNER'S ACCOMMODATION
Situated on the first floor is the spacious and well-appointed owner's apartment, which briefly comprises: a sitting room with dual-aspect windows and vaulted ceilings. The kitchen is fitted with a range of base and wall-mounted kitchen units with built-in hob, oven and extractor unit. Bedroom 1 is a large double room with aspect to the front. Bedroom 2 is a large double room with aspect to the side. Bedroom 3 is a large double room with aspect to the front. Family Bathroom fitted with a white suite with a shower over the bath.
EXTERNAL DETAILS
The pub occupies a large and prominent roadside site with extensive signage, has two access points from the A35 and provides Customer Car Parking for 25 or more vehicles. To the rear of the property is an extensive enclosed Beer Garden, mainly laid to lawn, with paved patio terrace areas creating an attractive alfresco seating area with picnic benches comfortably seating 80+ customers. Service Yard Area. Bin Store Area.
THE OPPORTUNITY
The Old Inn is available by way of a new free-of-charge lease. Presented to a high standard throughout, it has traded as a quality destination village pub and restaurant, located in the popular and sought-after area of East Devon. The pub unexpectedly closed at the end of 2023. The pub provides an exceptional trading environment and is fully equipped with quality fixtures, fittings and trade inventory. The Old Inn represents an excellent opportunity to re-establish this extremely successful and well-regarded business and the pub has previously received numerous excellent reviews and accolades, including a Tripadvisor TravelerChoice Award in 2022. This is a well-regarded, turnkey business opportunity which offers tremendous potential for hands-on owner-operators. The sale of The Old Inn represents an excellent opportunity to purchase an impressive country village pub and restaurant with spacious owner's accommodation. The Old Inn is undoubtedly a very special place to live and work and a formal viewing is essential in order to appreciate all that this high-quality opportunity has to offer.
TRADING INFORMATION
The property has been let to a third party by our clients as a tenancy/lease agreement and consequently, there are no accounts or trading information available.
SERVICES
We are advised that all mains services, with the exception of mains gas, are connected to the property. LPG is used for cooking with oil-fired heating and hot water.
RATING
The rateable value on the 2023 list is £14,500. Please note that this is not the rates payable. For further details, please contact the local authority, East Devon District Council.
EPC
D - 93.
GUIDE PRICE & TENURE
£45,000 for the valuable free-of-tie leasehold interest and full trade inventory. The Old Inn is being offered for sale by way of a new 7-year FREE OF TIE lease, on full repair and insurance terms. The commencing guide rent is £36,000 per annum. Detailed terms are to be negotiated and agreed upon; please contact us for more information.
