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Landmark South Hams Freehouse In Waterside Village For Lease

South Pool, Devon
Asking Price:
£135,000
Turnover:
£500K - £1M
Net Profit:
Available on request

The Millbrook Inn is a quaint 16th Century two storey Inn with whitewashed elevations under a pitched slate roof. The windows and timber fencing have been painted in a pretty duck egg blue colour. The property sits in the centre of the village and backs onto the Brook, with the Salcombe Estuary creek being only a few hundred yards away over at the bottom of the village.

Property information

Property:

Leasehold

Location:

South Pool is one of the most charming, sought after villages in the South Hams. It lies at the head of the beautiful Creek, navigable for a few hours around high tide to the rest of Salcombe Estuary. The picturesque village has a 13th Century Church and a lively local community. The market town of Kingsbridge, which is the centre for this part of the South Hams, provides a good range of shopping and other amenities. Salcombe, renowned for its sailing, the beauty of its Estuary and its fine sandy beaches, is just a short boat trip away when tide permits. The area surrounded by beautiful beaches with Millbay Beach being only three miles away. There is limitless walking in several quaint villages surrounding the Pub. Directions: From Kingsbridge. take the A379 towards Dartmouth passing through the villages of West and East Charleton and continue until the village of Frogmore. Turn right over the bridge towards North and South Pool. The Pub is approximately one and a half miles from the bridge.

Premises Details:

The property comprises:-

MAIN BAR (40 COVERS)
A lovely low beamed ceiling, character trading area with part exposed stone/part plastered walls divided into three interlinking rooms with seating at a variety of round, square and rectangular rustic timber tables and with spindle back chairs, settles and benches. Exposed stone fireplace with cast iron wood burner. Snug bar seating area surrounding the Main Bar Servery with bench settle, coffee table, bar stools, and focal exposed fireplace (real fire). The Bar Servery has an electronic point of sale till, variety of real ale hand pumps and beer fonts, back bar shelving, fittings and optics, coffee station and is shared with the 'Top Bar'.

TOP BAR (18 COVERS)
Separate access through Porchway from outside. A welcoming, cosy room with exposed ceiling beams, slate flooring with rugs, tongue and groove bench seating and rustic tables in the same style as the Main Bar. Former exposed stone fireplace now used for log storage. Ceiling mounted pull-down screen and projector with ‘big game’ entertainment.

COMMERCIAL KITCHEN
Fully equipped with main extraction, walk-in fridge, wall mounted Salamander grill, 6-ring gas range and oven, sink and drainer, stainless steel worktops and shelving, deep sink and drainer, commercial dishwasher. Non-slip flooring, microwave and wash hand basin.

CLOAKROOMS
LADIES- One WC, wash hand basin. GENTS - One WC, one urinal, wash hand basin.
UTILITY ROOM
With refrigeration and ice machine.

GROUND FLOOR BEER CELLAR
Temperature controlled and access to outside.

SERVICE YARD
Bin storage and refuse area. Little staircase leading to:

FIRST FLOOR
Area arranged a staff WC with plumbing for washing machine and dryer. Office/Dry Store.

THE MILLBROOK LOFT
A beautifully presented flat which has been completely refurbished and interior designed by Nikuku lifestyle store. Winner of Alastair Sawdays Pubs with Rooms 2017/18.

VAULTED LIVING/ DINING ROOM WITH MASTER BEDROOM

BATHROOM
Finished to a high standard, with WC, wash hand basin in vanity unit, bath with ceiling mounted power shower.

KITCHEN
Brand new modern contemporary fittings with stainless steel work benches, integrated oven and sink. Steps up to:

PRIVATE TERRACE
With fabulous views overlooking the village and brook. Alternatively, the apartment could be used as private owner’s accommodation (as it was formerly).

OUTSIDE
Pretty 'Beer Garden' with substantial pub benches seating 70. Commercial Barbecue Station with external kitchen with refrigeration, equipped with Swiss Grill, 8-burner stainless steel barbecue, gas "Paella Stove" and stainless steel work bench.

RAISED BEER TERRACE
Situated to the back of the property overlooking the brook and fields. Bench seating and rustic tables seating circa 18, double glazed metal casement doors to the inside. Bench seating to side of the pub with bespoke outside stores. VEG SHED situated to the front of the Beer Garden fronting the road - a glazed unit with shelves selling fresh produce to purchase in the village.

GENERAL INFORMATION

RATEABLE VALUE
£23,300 Council Tax Band A. For information, we advise you to contact The Local Billing Authority, South Hams District Council.

TENURE - LEASEHOLD
We have been informed that the Millbrook Inn is held on a 15 year, Fully Repairing & Insuring, Free of Tie lease effective from 2016 with the benefit of security of tenure. Current rent passing £50,000 pa, subject to 5 yearly RPI index linked rent reviews, capped and collared at 1% and 4%.

BUSINESS
The Millbrook Inn is a gem of a pub. Located at the end of South Pool Creek it has a rather unique feel and whilst being a destination pub, accessed by both car and boat, it also remains at the heart of the local community. The business is operated by our client who has run the pub for 4 years who is now selling for health reasons, He is supported by a hands-on team of full time and part time staff who have helped put the Millbrook on the map and to win many accolades and awards over the last few years. The Millbrook was recently awarded Best Devon Country Dining Pub 2019 and is again featured in the 2020 AA Pub Guide.

Trade is a healthy mix of food and wet sales with the emphasis on locally sourced, fresh food. The Millbrook Inn has a fantastic reputation for its cuisine and is one of the few pubs in Devon that has a rating listing in the Good Food Guide, an invitation only publication (and now in its 9th consecutive year of listing). The pub is also listed in Alistair Sawdays Pubs & Inns Guide and the Good Pub Guide amongst many others. The Millbrook Inn opens all year and whilst there is an obvious seasonal boost the pub trades strongly year-round attracting customers in the winter months when the pub becomes a cosy place to visit with its roaring log fires, low ceilings and wide selection of local ales. The pub opens all day, every day with food being served from 12 noon to 2pm and 6pm to 9pm.

The sale of the Millbrook Inn provides a rare opportunity to buy a highly successful and profitable Devon freehouse in arguably one of the prettiest waterside villages in the South West. A first class business and property in which to live and work with scope to grow the trade further. An early viewing is recommended through the Sole Selling Agents Bettesworths.

INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners’ personal effects

STOCK
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

SERVICES
We have been informed the property is connected to all mains services.

Energy Performance Rating:
D  View EPC Graph for this property

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