Regional focus on...Devon
Population (and density): 1,185,000 (460 per sq mile)
Towns and cities: Plymouth, Exeter, Torquay, Paignton, Exmouth, Barnstaple, Newton Abbot, Tiverton, Brixham, Bideford, Teignmouth, Sidmouth
What the experts say: "According to a recent survey by YouGov, Devon is the most popular county in the UK and it is not hard to see why, especially to those of us who live and work here. It is a county of contrasts with beautiful coastlines, stunning scenery, unique attractions and exceptional culinary experiences.
“The draw to the county for many is the choice of beaches – from the dramatic coastline in the north, to the more traditional seaside towns on the English Riviera, the beauty of the South Hams and the UNESCO world heritage Jurassic coastline. Add to the mix two national parks, several official areas of outstanding natural beauty and the cultural cities of Exeter and Plymouth, and it is easy to see why the area is one of the most popular destinations in England, which has been buoyed this year by the hottest summer on record.
“Despite the continued uncertainty surrounding Brexit, the pub market in Devon remains positive with an appetite from lenders to invest in the licensed sector. Value-for-money ‘lifestyle’ opportunities are available for those looking to relocate, and there is an appetite from buyers for successful independent freehouses and inns, particularly in village and rural locations. We are confident that the pub market in Devon will remain robust and desirable." - Mike Phillips, director of Devon-based licensed property specialists, Stonesmith
Done Deals
The Rose & Crown, Houghton on the Hill, Leicestershire
Price: £45,000
Tenure: New ‘Free of tie’ lease
Rent: £35,000 per annum
Turnover: £297,122 (Inc VAT).
Trade Split: 70% Wet: 30% Dry
Landlord: Private Freeholder
Agent: Guy Simmonds 01332 865112
Guy Simmonds has recently sold this business located in the Leicestershire village of Houghton on the Hill situated on the A47 between Leicester and the Uppingham.
Entrances to the front and rear provide access to lounge and bar (circa 40+ plus standing) which features exposed wooden beams, brickwork and a brick-built fireplace with built in log burner.
The site features a bar server with four cask ales on offer, a restaurant (32 covers) and a function room and skittle alley (circa 40+ plus standing) including exposed roof rafters and a skittle alley to the side wall. The room has private access from the rear with double doors leading out onto an enclosed central al fresco area.
The venue also includes a commercial catering kitchen – featuring two pizza ovens – a below ground floor cellar, three bedroom owners’ accommodation and an al fresco patio area (circa 50+ covers) with a heated and lit central pergola style structure to the rear.
The Bell, Ladbroke, Southam, Warwickshire
Price: £195,000
Tenure: Leasehold
Rent: £45,000 per annum
Landlord: Free of tie
Turnover: £650,640 per annum
Trade split: 70% Wet: 30% Dry
Agent name: Davey Co 0333 200 8788
This exceptional village freehouse and restaurant has experienced substantial growth in our clients ownership for the past four and a half years and offers outstanding further development potential to continue to build on the solid trading platform provided.
Fitted and presented to an exceptionally high standard throughout in a contemporary style whilst retaining a wealth of village freehouse character and charm, the internal dining capacity of 80+ covers is complimented by excellent, extensive outside trading areas and the potential to add three or more letting bedrooms, subject to the appropriate consents.
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