Leasehold Public House Located in North Molton Devon For Sale

Bag a Business is pleased to offer for sale this thriving village public house, which dates back to the 1800s and has been under the proud ownership of our client since 1997. It is now reluctantly being placed on the market due to him receiving a job offer which he cannot refuse. The business is run with help from a dedicated team of staff (wage bill £19,000) and achieves a healthy turnover in excess of £154,000, whilst enjoying a gross profit of £60,000. This income is further enhanced by the spacious owners' accommodation and the extensive grounds in which the public house is set, which include a large beer garden, field, vegetable garden and a pond. The Politimore Inn has an excellent reputation for its delicious food and its friendly atmosphere. We feel that this opportunity represents an ideal base for a new owner to build upon as there is potential to convert a rear barn into further restaurant space or into a holiday let. This opportunity would also suit someone who is looking for a business that would enable them to live 'the good life', growing their own vegetables and keeping animals in the field. Early viewing of this unique opportunity is strongly recommended.

Leasehold

Leasehold Original lease length: 21 years Remaining lease length: 16.5 years Review every: 5 years Rent: £16,440 per annum

ACCOMMODATION DETAILS Well presented premises, briefly comprising: GROUND FLOOR Main bar Restaurant area with 28 covers Pool room Commercial catering kitchen Preparation room Store room Ladies toilet Gents toilet Purpose built skittle alley & function room FIRST FLOOR Large lounge Bathroom (new) Double bedroom with en-suite 3 double bedrooms Double bedroom used as office Owners bedroom with en-suite (all bedrooms are currently used as family accommodation but could be used as letting bedrooms if new owners so wished) EXTERNAL Beer garden Vegetable garden Field Pond Poly tunnel Barn Numerous other outbuildings

The Poltimore Inn is situated on the junction of the village square and the main road that runs through the sought after and popular village of North Molton, in Devon. There is ample on and off street car parking close by. The village, which has a population of approximately 1,400 people, has a highly regarded school and a variety of complementary businesses. Nearby is the village of South Molton, which contains a secondary school and some excellent leisure facilities. The Poltimore Inn draws its trade from the local residents as well as from people that live in nearby villages. The area sees a dramatic increase in population during the summer months, when visitors and holiday makers flock to the area, as it is situated on the boundary of Exmoor National Park. Although set in spectacular rolling the countryside, North Molton enjoys excellent links being just of the main A361, which connects with the motorway network via junction 27 of the M5.