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Landmark Dartmoor Inn With Letting Rooms For Sale

Dartmoor National Park, Devon, UK
Asking Price:
£525,000
Turnover:
On request
Net Profit:
On request

A rare opportunity to acquire the freehold of one of Dartmoor National Park's best-known destination inns, producing immediate rental income while offering future owner-occupation potential.

The Dartmoor Inn is a landmark pub and restaurant that has built an outstanding reputation for quality food, local ales and warm hospitality. Occupying a prominent position on one of Dartmoor's principal routes, the business enjoys consistent year-round trade from local residents, walkers, tourists and visitors exploring the National Park. The menu is centred around locally sourced produce, including grass-fed beef and lamb cooked over an Ox Grill in full view of customers, complemented by a varied bar menu, à la carte dining, daily specials, local ales and an extensive wine selection.

The attractive freehold property has recently undergone a major refurbishment and combines character trading areas with five beautifully presented letting bedrooms. The business also benefits from a popular beer garden, covered alfresco dining area, outdoor kiosk serving coffees, pastries and ice creams, customer parking and a private rear garden. 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 property is being sold subject to a five-year Fully Repairing and Insuring lease from 2024, generating rental income of £30,000 per annum in the first year, increasing to £40,000 per annum for the remaining four years. This provides an excellent investment opportunity with the flexibility to re-let or occupy the property when the lease expires.

Enquire today for further information on this exceptional Dartmoor investment.

Property Information

Property:

Freehold

Location:

Situated at Merrivale on the western edge of Dartmoor National Park, approximately five miles from Tavistock and Princetown, fronting the B3357, one of the park's principal routes. The inn is close to the world-famous Merrivale Prehistoric Settlement and Stone Rows and enjoys spectacular moorland surroundings with views towards Plymouth Sound from the nearby tors.

Premises Details:

Recently refurbished two-storey semi-detached property comprising a character main bar seating approximately 26 customers with exposed beams, flagstone flooring and stone fireplace, additional dining area seating 18, converted barn dining room seating approximately 22 with vaulted ceiling and wood burner, ladies' and gents' cloakrooms, fully equipped commercial kitchen, dry store and five refurbished ensuite letting rooms including four double ensuite rooms and one self-contained suite. Outside features include a private rear garden with sheds, covered alfresco dining shelter, outdoor kiosk serving drinks, pastries and ice creams, lawned beer garden and customer parking.

Energy Performance Rating:
B

Business Operation

Expansion Potential:

Opportunity to occupy or re-let the property following expiry of the current lease.