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Established Substantial And Prominent Town Centre Freehold Pub In Torquay For Sale

Torquay, Devon, UK
Asking Price:
£200,000
Turnover:
Available on request
Net Profit:
Available on request

The Printers Elbow is a prominent and substantial, period corner property constructed of stone rendered walls under a slate roof. The pub has a traditional warm and friendly atmosphere, with the main bar area opening to a games area. There is an outside trade area. Upstairs there is flexible owner's accommodation of 4 bedrooms and 2 bathrooms, spread over two floors. The building is arranged in two parts and could possibly be divided or redeveloped subject to the necessary planning consents.

Offers in the region of £200,000 + vat

Property Information

Property:

Freehold

Location:

The Printers Elbow is situated on a corner site at the higher end of Union Street, in the heart of the up and coming area of Torre. Torquay Town Centre is less than a mile away and the Seafront and Harbour/Marina are only a short distance away.

Torquay is the major town of the three Torbay towns that make up the English Riviera. The advent of the new Kingskerswell Bypass has made Torquay much more accessible and there is an easy connection to the M5 Motorway at Exeter. Newton Abbot, 5 miles away, has a main line station for trains to London and the North of England.

Premises Details:

The premises comprises:-

Double wooden door to:-

Entrance porch
Door to:-

Main trade area
Wood floor, alcove seating for approximately 25 with chairs and stools.

Darts area

Pool area

Bar
To one wall with shelves under. Door to:-

Lobby
To:-

Gentleman's cloakroom
With 3 urinals and wash hand basin, separate cubicle with low level WC and wash hand basin.

Ladies cloakroom
Comprising 2 cubicles, fully tiled, vanity unit with 2 inset wash hand basins. From the bar a door leads to:-

Kitchen
Range of stainless steel work tops, fully tiled, double bowled stainless steel sink unit, range of wall cupboards. From the Kitchen a passage way leads to 2 cellar areas with store.

Main cellar area
With pumps and cellar master cooler unit.

Secondary cellar area store with further first floor mezanine area

First floor

Half landing
With WC, low level suite and wash hand basin. Stairs to:-

Main landing

Office/room
With water tank and immersion heater. Concealed secondary staircase to second floor. With wall mounted combi gas water heater.

Kitchen
Fitted with double bowl stainless steel sink unit, fitted worktop with cupboards under and over, gas boiler for central heating.

Bedroom 1
With large cupboard.

Bedroom 2
With Victorian decorative fireplace with double alcoves either side.

Bathroom
A large room with low level WC, panelled bath, pedestal wash hand basin, electric shower over bath. Stairs to:-

Second floor

Landing

Pantry/kitchen
With stainless steel sink unit.

Bedroom 3

Bedroom 4

Bathroom
With low level WC, panelled bath, pedestal wash hand basin.

Outside
Walled beer garden with a number of pub benches.

General information

Rateable value
2023 List: £7,000. This is not Rates Payable. For further enquiries we advise you contact Torbay Council.

Terms of sale
The Purchaser (via their solicitor) will be required to pay an abortive legal fee deposit of £5,000 (to be held by the seller's solicitor) prior to the release of the legal package.
The Purchaser will have 15 working days from the date the legal pack is released from the seller's solicitor to the purchaser's solicitor to exchange contracts.

10% of the Purchase price will be payable upon exchange of contracts. If the purchaser exchanges contracts within such period, the abortive fee deposit will be credited against the purchase price.

If the Purchaser withdraws from the transaction or the contracts are not exchanged within such period, the abortive legal fee will be forfeited.

The seller will undertake to provide timely responses to the Purchaser's enquiries and comments to facilitate their ability to exchange contracts within the required time. The deposit will be refunded if the seller is unable to show good title or withdraws from negotiations within the required time (save where due to the seller revising the agreed terms).

If exchange shall not occur within the required time, the seller shall be free to withdraw from the transaction and retain the abortive deposit. Completion to be 15 working days after exchange of contracts.

Inventory
Anything on site at the time of sale is included with the exception of any security equipment and third party owned equipment (cellar, beer dispense etc).

Price
Offers in the region of £200,000 + VAT.

Energy Performance Rating:
D

Other Information

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