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Waterside Freehold Pub With Development Potential For Sale

Plymouth, Devon, UK
Asking Price:
£400,000
Turnover:
Not applicable
Net Profit:
Not applicable

A rare opportunity to acquire a landmark freehold waterside public house overlooking the River Tamar, with owner's accommodation, a separate flat and excellent development potential, subject to the necessary planning consents.

The Royal Albert Bridge Inn is a well-known freehouse occupying a prominent waterfront position in Plymouth. Steeped in local history and enjoying uninterrupted views across the River Tamar, the property is well placed to attract both local trade and the many visitors exploring the South West. Its location is particularly popular with coach parties, making it an excellent hospitality or tourism opportunity.

The substantial property includes a traditional bar, commercial kitchen, extensive owner's accommodation and a separate self-contained flat, providing flexibility for owner occupation, staff accommodation or alternative residential use. The sale includes the fixtures, fittings and equipment required for the continued operation of the business, excluding the owner's personal effects.

In addition to its existing use as a public house, the property offers excellent potential for alternative uses, including residential development, subject to obtaining the necessary planning consents. This is an excellent opportunity for hospitality operators, investors or developers seeking a prominent freehold property in a highly desirable waterfront location.

Enquire today for further information or to arrange a viewing.

Property Information

Property:

Freehold

Lease Terms:

Sale subject to a 10-year overage agreement. Any uplift in value resulting from planning permission for an alternative use to a public house will be shared equally (50%) between the purchaser and seller.

Living Accommodation:

Owner's accommodation comprising living room with kitchenette, bedroom/office, two further double bedrooms and family bathroom, together with a separate self-contained flat.

Location:

Occupying a prominent waterfront position overlooking the River Tamar in Plymouth. This attractive riverside location is popular with local residents, tourists and coach parties travelling throughout the South West. The Royal Albert Bridge Inn is a long-established and well-known freehouse within the area.

Premises Details:

Attractive two-storey terraced property beneath a pitched slate roof with feature entrance porch and views across the River Tamar. Accommodation comprises a traditional L-shaped main bar with central timber bar servery, commercial kitchen, temperature-controlled beer cellar, extensive back-of-house storage, ladies', gents' and disabled customer cloakrooms with baby changing facilities and understairs storage. First-floor owner's accommodation comprises living room with kitchenette, bedroom/office, two further double bedrooms and family bathroom. Separate self-contained flat with interlinking bedroom/living room and shower room. Outside includes a feature entrance porch with balcony above together with a separate stone-built store/garage.

Energy Performance Rating:
C

Business Operation

Expansion Potential:

Potential for alternative uses, including residential development, subject to obtaining the necessary planning consents.