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Pub With Letting Rooms Within Exmoor National Park For Sale

Parracombe, Devon, UK
Asking Price:
£575,000
Turnover:
£200K - £500K
Net Profit:
£100K - £250K

The Fox and Goose is an imposing Victorian building, with a contemporary, stylish interior.

This modern detached village inn has 4 luxuriously appointed en-suite letting bedrooms, each individually decorated in beautiful Farrow and Ball colours.

On the ground floor of the property, there are two bar areas, a fully equipped commercial kitchen, a freezer room and gents' and ladies' cloakrooms.

To the second floor is a spacious self-contained 2-bedroom owner’s apartment.

There are two further rooms one on the ground floor and one on the first floor which could easily be transformed into two additional bedrooms.

The property has oil-fired radiator central heating throughout.

Opposite the pub is a level 15 space car park and a single story attached building housing a skittle alley and store which could also be converted to several disabled bedroom suites, subject to any necessary planning consent.

The pub has a beer terrace/patio and adjoins The River Heddon running along the western edges of Exmoor, the river reaches the North Devon coast at Heddon's Mouth.

Under the expert ownership of a couple who have been at The Fox & Goose for 18 years, an enviable reputation has been established.

The property presents a wonderful home and income opportunity, has an excellent reputation for food and operates as a Freehouse with 70% trade from food and room letting.

Good locally sourced ingredients are used on the extensive menu.

The owner cooks, employs a chef, and has 2 full-time staff and 3 part-time staff.

For bed and breakfast, a double room is left at £125 per night.

The business is rated as Excellent, having a 5-star rating on TripAdvisor; one recent review says it all: "Wonderful food, friendly local atmosphere, well recommended".

The pub has a great deal of support from both tourists and locals in the area.

Turnover circa £245,690 per annum with an adjusted net profit of £110,245, this business is well worthy of your early consideration and has a great deal of potential.

Property Information

Property:

Freehold

Location:

The Fox & Goose is situated in a busy location in the centre of the village of Parracombe, which is a rural settlement 4 miles (6 km) south-west of Lynton in North Devon.

It is set in the Heddon Valley on Exmoor having a population of around 300, a good school and community general store.

The village is just off the A39 and is the western entry to Exmoor National Park.

Popular with tourists and locals alike there is a bus stop just outside the pub and is ideally located for walkers and hikers exploring the dramatic coast and wonderful hidden wooded river valleys.

Energy Performance Rating:
C