THE PROPERTY
The Live & Let Live Inn is a deceptively spacious 2 storey property with whitewashed walls under a predominantly pitched slate roof. The property was completely refurbished and renovated by our clients around 5 years ago, to an exceptionally high standard throughout, sensitively retaining and enhancing the character and creating 3 high quality letting rooms. The Live & Let Live is extremely well presented and is furnished to an exceptionally high standard throughout, being fully equipped and ready to trade. Brimming with character this attractive property briefly comprises; a rustic main bar and dining areas (48+), rear dining room/snooker room (16+), commercial kitchen and ancillary areas, and 3 beautifully presented ensuite letting bedrooms including one with a kitchenette. Externally the spacious grounds to the front of the inn incorporate a customer car park with space for 16+ vehicles, a decked seating area with far reaching countryside views (32), a further lawned beer garden area (54). To the rear is a courtyard beer garden (12), and various useful outbuildings and stores. An internal inspection is essential in order to fully appreciate all that this high quality Free Of Tie inn has to offer.
INTERNAL DETAILS
Central Entrance Door to the front leading into: -
Main Bar & Dining Room an extremely well appointed character open plan room with part exposed feature stone walls, feature fireplace with wood burner, part herringbone woodblock flooring, exposed timbers, timber tables, chairs and bar stools comfortably seating 40 customers.
Bar Servery a timber fronted and topped return bar servery with bespoke back bar fittings, display shelving, slate tiled flooring, triple glass fronted bottle fridge, double glass fronted bottle fridge, ice machine, glass washer and stainless steel sink.
Raised Dining Area a rustic character room with slate tiled flooring, doors leading to rear garden area and timber table and chairs for 8 customers.
Back Dining/Snooker Room an attractive character multi-purpose room with vaulted ceiling and exposed timbers, painted stone walls, feature wood burning stove, darts oche area, polished concrete floor with inset lighting, snooker table with removable wooden top to create a large dining table, freestanding chairs, tables and sofa for 16+ customers.
Customer WC's.
Commercial Catering Kitchen being fully fitted with a comprehensive range of commercial catering equipment to include:- non-slip flooring, part stainless steel and part wipe clean clad walls, extractor system with stainless steel canopy and gas interlock system, 6 burner gas range, flat top griddle, stainless steel shelving, twin floor standing deep fat fryer, racked shelving, 2 three door under counter commercial fridge units, serving gantry with warming lamps, under counter freezer, commercial microwave, twin bowl stainless steel sink unit, commercial pass through dishwasher with tray slide, warming cabinet and hand basin.
LETTING ACCOMMODATION
Situated on the first and second floors and being independently accessed by an external staircase and private entrance to the rear of the property are the stunning letting bedrooms which are presented and furnished to a very high specification and benefit from, luxury shower rooms, remote control colour televisions, fridges, tea and coffee making facilities including Nespresso machines and briefly comprise: -
Bedroom 1 a good sized king size double bedroom with a luxury shower room and a private balcony and outside seating area with superb countryside views.
Bedroom 2 a letting suite with superb countryside views, having its own kitchenette with induction hob, combi microwave oven and grill, and a fridge freezer, spacious king size double bedroom with a sofa bed and a luxury shower room. This room could be reconfigured to create an owner's apartment, dependant on own requirements.
Bedroom 3 an impressive loft room with king size double bedroom, sofa bed, freestanding bath and a luxury shower room.
EXTERNAL DETAILS
To the front of the property on the opposite side of the lane is a substantial Customer Car Park with space for 16+ vehicles. Adjacent to this is a Lawned Beer Garden area with bench seating for around 54 customers. Directly to the front of the inn is an enclosed Decked Seating Area with far reaching countryside views and providing alfresco seating for 32 customers, with feature lighting and warming lamps. To the rear is an enclosed Courtyard Beer Garden with seating for 12 customers. A useful outbuilding provides a Storeroom with an upright commercial fridge, 2 double upright commercial fridges, chest freezer and shelving, into the Beer Cellar being temperature controlled with racked shelving and a chest freezer. Customer WC. Storeroom.
THE BUSINESS OPPORTUNITY
The Live & Let Live Inn has undergone substantial refurbishment and renovation over recent years, resulting in an exceptional destination village inn and restaurant, being finished to an extremely high standard throughout. Having been refurbished with almost no expense spared, the property provides an exceptional trading environment equipped with quality fixtures and fittings and trade inventory. The Live & Let Live is a very successful and popular country village inn which appeals to a wide range of customers and retains a feel of character and warmth. The inn has consistently received top reviews on Google and TripAdvisor, including a TripAdvisor Travellers' Choice Award for 2023. The quality rooms have, like the rest of the inn, been totally renovated to an extremely high standard and provide the perfect resting place for a country getaway or a business stopover. The business has its own website which provides further information about the business and images. The inn benefits from a unique working relationship with nearby local businesses and which generates significant levels of trade for The Live & Let Live, throughout the year. This is a unique opportunity to lease this extremely successful, well regarded and all round hospitality business, which is a "turnkey" business opportunity. The Live & Let Live Inn is a versatile and impressive inn, located in a desirable Devon village and a formal viewing is essential in order to appreciate all that this deceptive spacious, high quality, multi-faceted business opportunity has to offer. Available by way of a new FREE OF TIE lease.
TRADING INFORMATION
We are advised that the turnover is in the order of £300,000 from deliberately restricted trading hours (just 3½ to 4 days a week), with genuine potential to build on these levels. Limited trading information may be available and interested applicants should make their own assessment as to the trading potential of this business. For further information please contact the agents.
EPC
Requested and to be confirmed.
BUSINESS RATES
The rateable value from the 1st April 2023 is £8,500. We are advised that the business rates payable are currently nil after 100% business rates relief. For further information we advise you contact the local authority, South Hams District Council.
SERVICES
We are advised that mains electricity and water are connected, LPG gas is used for cooking and drainage is via a septic tank.
PRICE & TENURE
NIL PREMIUM for the valuable LEASEHOLD interest. The Live & Let Live Inn is being offered by way of a new FREE OF TIE lease, the length of which is to be negotiated, on repairing and insuring terms. The commencing guide rent is £30,000 per annum. Detailed terms to be agreed.
