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Historic Freehold Pub In Totnes For Sale

Totnes, Devon, UK
Asking Price:
£450,000
Turnover:
On request
Net Profit:
On request

A successful freehold wet-led pub with owner's accommodation, sunny beer garden and excellent potential to introduce food, occupying a prime position just moments from Totnes High Street.

The Watermans Arms is a well-established Grade II Listed public house with a loyal local following, complemented by strong year-round tourist trade in one of South Devon's most sought-after market towns. Currently operated on an arm's length basis by the owner with the support of three part-time staff, the business trades seven days a week under a full premises licence and offers an excellent opportunity for owner-operators to increase profitability.

A key opportunity for new owners is the introduction of a food offering. The property previously operated with a commercial kitchen, providing scope to diversify the business and increase revenue while building on its already successful wet-led trade. The sale includes the fixtures, fittings and equipment required to continue trading, excluding the owner's personal effects. Wet and dry stock together with bar glassware will be purchased separately at valuation on completion.

The attractive Grade II Listed property also benefits from spacious two-bedroom owner's accommodation, a sunny enclosed beer garden, temperature-controlled beer cellar and the option to purchase a separate freehold parking space less than one minute from the pub for £20,000. This represents an outstanding home-and-income opportunity in one of Devon's most desirable towns.

Enquire today for further information or to arrange a viewing.

Property Information

Property:

Freehold

Living Accommodation:

Private two-bedroom owner's apartment comprising living room, fitted kitchen, family bathroom and two double bedrooms.

Location:

Situated in a quiet residential setting less than a minute's walk from Totnes High Street and The Plains. Totnes is a vibrant historic market town renowned for its independent shops, food and drink scene and thriving community. Located within the South Devon National Landscape, the town provides excellent access to Dartmouth, Paignton, Torquay, Plymouth and Exeter, with a mainline railway station offering direct national rail connections.

Premises Details:

Grade II Listed two-storey property comprising entrance porch, traditional main bar with central bar servery, feature stone fireplace, music system, owned jukebox, rented amusement machine, utility and storage room (formerly a commercial kitchen), ladies' and gents' customer cloakrooms, temperature-controlled ground floor beer cellar and large first-floor storage room. Private owner's accommodation comprises living room, two double bedrooms (one currently used as an office), fitted domestic kitchen and family bathroom. Outside is a sunny enclosed patio beer garden with seating for approximately five pub benches. Option to purchase a separate freehold parking space located less than one minute from the property for £20,000.

Energy Performance Rating:
C

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Excellent opportunity to introduce a food offering, increasing turnover by utilising the former commercial kitchen space.

Trading hours:

7 days a week - 11:00am-11:00pm.

Employees:
3 part-time staff.