Classic Coaching Inn For Sale At £265,000

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A 16th century Westcountry coaching inn which has a loyal following of hunters and anglers is on the market at £265,000. The Royal Exchange at...

A 16th century Westcountry coaching inn which has a loyal following of hunters and anglers is on the market at £265,000.

The Royal Exchange at Lewdown, with its beamed ceilings, wood panels and open fireplaces, is a traditional haunt of shooting syndicates, the Lamerton hunt, as well as fly fishermen who enjoy the sport of the Tamar valley.

The free house on the Devon and Cornwall border also enjoys a considerable tourist trade, with Roadford reservoir, the National Trust property of Lydford Gorge and the market towns of Tavistock and Launceston all close by.

The detached, stone building, which is also on the A30 tourist trail to the North Cornwall coast, stands in approximately two acres.

The bedrooms enjoy spectacular views of the countryside as it rolls away southwards to the granite tors of Dartmoor National park.

The trade garden area is laid to lawn with a variety of mature shrubs and trees and is used as a touring campsite with consent for five caravans.

For riders, the Royal Exchange has newly built stables with four loose boxes and a large, level paddock.

The family-run establishment enjoys a good reputation for its food ranging from bar snacks to steaks and food sales contribute 60% to the current turnover.

Bob Edwards, who has owned the inn since 1997, now plans to retire.

"We've had a marvellous time here," he says.

"It really is like turning the clock back to the heyday of the countryside. We've made some wonderful friends among the point to point followers, the hunting, shooting and fishing people who regularly use the pub and we shall be very sorry to go."

The owners have indicated they would be prepared to retain the stable and paddock and reduce the asking price to freehold offers of £250,000.

For further information and photographs of the above property, contact Huntley & Partners on 01752 206020.

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