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Unrivalled Potential Old Coaching Inn Pub/ Hotel In Brixham For Sale

Brixham, Devon, UK
Asking Price:
£695,000
Turnover:
Available on request
Net Profit:
Available on request

In beautiful Brixham, South Devon and part of the English Riviera we have here a super rare opportunity to complete the renovation/reinstatement works to an historic Coaching Inn (Pub and Hotel).

There is currently NO operating Hotel in the town centre and other Guest Accommodation providers continue to convert their properties to residential as they struggle to meet updated fire regulations. Conversely Brixham itself continues to enjoy buoyant visitor numbers and who often struggle to find a place to stay.

Now, this presents a wonderful opportunity for the new owner(s) to capitalise on this scenario because the existing 9 x Bedrooms which have full planning and listed building consent are yet to be completed, so all new regulations can easily be implemented. Plus, for the ambitious, Guest Accommodation can be more than doubled to the rear of the property (a new build and STPP).

The property is on pedestrianised Fore Street, and only a few hundred yards from the pretty Harbour. It was built around 1790 and is a great example of a late Georgian urban Coaching Inn.

Planning permission and listed buildings consent was granted in 2012/2013 to:

* Renovate the Ground Floor comprising - Main Bar, Café Bar/Shop, Restaurant, Lounge,
Function Room, Large Kitchen, Cellar, Toilets, Storage and the reinstatement of the original
cobbled Carriageway leading to the rear of the property.

* Modernise all the First and Second floors – including all 9 x Bed Guest Accommodation and
the owner(s) 1 x Bed Apartment.

* Carry out extensive groundworks above and below ground including the replacement of
archaic water and waste systems.

* Rebuild some stone walls and joinery from the Ground Floor up in keeping with a
Coaching Inn.

Over the past 14 years the current owners have painstakingly completed renovation/reconstruction works as stated above but have been unable to complete the Guest Accommodation on the First and Second floors. They have traded off and on over the years on the Ground Floor so new owner(s) should they choose, can start trading straight away.

The property is Freehold, is chain free and with vacant possession. The selling price includes all Fixtures, plus all building materials and sanitary ware on site ready to be used.

There is also an Inventory of items available to purchase by separate negotiation that would enable new owner(s) to trade straight away. The inventory can be purchased as a whole or ‘cherry picked’ to suit.

Please read on for: -

* Indoor and outdoor pictures of the Inn (more available on request)

* Sales Brochure

Property Information

Property:

Freehold

Other Information

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