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Delightful 17th Century Award Winning Destination Pub

Roborough, Devon
Freehold Price:
£280,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
209384
Reference
4642F / Rightbiz

Details

THE PROPERTY The New Inn is an impressive, well regarded and award winning character country inn which is well presented throughout, having been well maintained and improved by our clients during their 5 years of ownership. This well presented virtually detached, part thatched property has origins reputedly dating back to the 17th Century and is Grade II Listed. The New Inn is renowned for its traditional pub character combined with its extremely well regarded and popular award-winning food and drink offering. The New Inn briefly comprises: Main Bar & Dining Area (28 ), Snug Dining Room (12), Restaurant/Skittle Alley/Function Room (30 ), Commercial Catering Kitchen and ancillary areas, 2 Double Bedroom Owner’s Accommodation with Sitting Room and Bathroom. Externally, and a real feature of this business is the south facing Trade Patio Area with seating for 60 customers, Off Road Parking for up to 5 vehicles and a Garage/Store Room. The property retains much character with exposed ceiling beams, wall timbers and exposed stone walls. The New Inn is a highly regarded and impressive Devon village freehouse and a viewing is essential to fully appreciate the quality and standards inherent throughout this popular business.

SITUATION The New Inn is situated in the heart of the pretty and vibrant village of Roborough near Winkleigh, set amongst the rolling hills of North Devon, with far reaching views to Dartmoor and Exmoor. The New Inn is some 12 miles from the stunning North Devon coastline with its exciting surfing beaches and coastal footpaths, whilst for anglers the Rivers Taw and Torridge are close by. The surrounding area is known for its delightful unspoilt scenery, walking and cycling on the Tarka Trail, riding and other country pursuits. The New Inn not only draws clientele from the village community but also from nearby Barnstaple (13 miles), Bideford (13 miles), Torrington (7 miles), Winkleigh (7 miles) as well as the surrounding villages and hamlets.

INTERNAL DETAILS Entrance door to front into Main Bar & Dining Area A character trade area with exposed ceiling beams, exposed wall timbers, part quarry tiled floor, part original oak floor boards, part exposed stone walls, exposed stone open fireplace, wall mounted menu boards, range of free standing wooden tables, chairs, bar stools and cosy seating area with leather settees comfortably seating 28 customers plus standing room. Rustic timber panelled Bar Servery with polished solid wood counter fitted with associated back bar fittings and display shelving with tiled flooring, double glass fronted bottle fridge, glasswasher, stainless steel sink unit, EPOS touch screen cash register with printer link to kitchen (on lease), Gaggia coffee machine (on lease). Leading through from the main bar is the Snug Dining Room A light and airy dual aspect room with carpeted flooring, exposed ceiling beams, a large through fireplace (disused) connecting to the main bar, a range of free standing wooden tables and chairs comfortably seating 12 customers. Restaurant/Skittle Alley/Function Room A versatile multi-purpose room ideal for small functions, parties, weddings etc and accessed via main bar and dining area or with its own access to the front with demountable skittle alley, range of free standing wooden tables and chairs seating 30 customers. Ladies & Gents WCs. Commercial Catering Kitchen with Altro flooring, part stainless steel lined and part tiled walls fitted with a comprehensive range of commercial catering equipment to include extractor system with stainless steel canopy over, 6-burner gas range, stainless steel workbenches with shelving below, Salamander grill, double deep fat fryer, 2 microwave ovens, 4-door under counter commercial fridge unit, warming cabinet. Dry Good Store with chest freezer and shelving units. Wash Up Area with Altro flooring, wall mounted cupboards, range of worksurfaces, chest freezer, single bowl stainless steel sink unit, commercial dishwasher, fridge, stainless steel workbench with shelving below, wall shelving, upright fridge/freezer, upright fridge, ice making machine. Beer Cellar temperature controlled on the ground floor.

OWNERS ACCOMMODATION Arranged on the first floor is the well appointed owner’s accommodation which briefly comprises:- large Lounge with dual aspect, wooden surround fireplace and exposed timbers. Bathroom fitted with modern white suite comprising panelled bath with shower over, pedestal wash basin and low level WC. Bedroom 1 A double room with dual aspect to front and side. Bedroom 2 A double room with Victorian cast iron fire grate and aspect to front. All rooms have far reaching views across to Dartmoor.

EXTERNAL DETAILS To the front of the property is a large south facing Trade Patio Area brick paved and surrounded by picket fencing and shrub borders with picnic benches, comfortably seating 60 customers. To the side of the property there is Off Road Parking for approximately 5 vehicles (with further unrestricted on road parking around the pub), a Garage/Store Room and a Bin Store Area.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order. THE BUSINESS The New Inn is a traditional award-winning character country village freehouse and destination food led pub with an impressive following and a reputation for good quality ales, wine and locally sourced and freshly prepared food within a popular inn with a cosy, friendly, character atmosphere. the business benefits from a strong year-round trade, being well regarded for its high quality freshly prepared food using the finest available seasonal local produce. Trade comes not only from the village but also from the surrounding villages, hamlets and towns nearby and the pub also enjoys a boost from tourists visiting the area during the summer months. The pub benefits from having 3 skittle teams, as well as hosting occasional live music, parties, various events, functions and Morris dancing! The New Inn has received numerous awards and accolades including; a Taste of the West - Gold Award, North Devon Journal – Best Pub Award, Devon Life - Best Gastro Pub, Runner Up, Good Pub Guide recommended, Good Food Guide recommended, a TripAdvisor Certificate of Excellence and a 4 Star Food Hygiene rating. The pub has a website as well as active social media accounts, which provide further background. The New Inn is undoubtedly a special place to live and work and a formal viewing appointment is essential to fully appreciate all that this quality business and property offers.

TRADING INFORMATION Accounts for the year ending 31st March 2016 show sales of £309,357 net of VAT. We are advised that the split in trade is approximately 55% food sales, 45% wet sales. Full detailed accounting information can be made available to interested parties following a formal appointment to view.

TRADING HOURS The current trading hours are from 5:00pm until 11:00pm Monday and Tuesday, 12:00pm – 3:00pm and 5:00pm until 11:00pm Wednesday and Thursday and from 12:00pm until 11:00pm on Friday, Saturday and Sunday.

CURRENT STAFFING The business is run by our clients with the assistance of 2 full-time and up to 8 part-time members of staff, as and when trade dictates.

POTENTIAL Our clients advise us that all aspects of the trade are still growing and there is potential to extend the opening hours during the week, particularly during peak summer months by offering all day opening and food sales.

EPC RATING Grade II Listed and therefore exempt.

RATING For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website .

SERVICES (advised by our clients) All mains services with the exception of mains gas are connected to the subject property. LPG is used for cooking and heating.

PRICE & TENURE £280,000 for the valuable freehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

VIEWINGS Strictly by appointment with the vendors Sole Selling Agents.Tel: .Email: You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.

Seller Details
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Listing Details
Freehold Price: £280,000
Tenure: Freehold
Sector: Pubs, Freehouse, Bars
Financials
Annual Turnover: £309,357
Key Features
  • Fully Fitted
  • Attractive Business
  • Close to Local Amenities
  • With Accommodation
  • Trade Gardens Available
  • Established Business
Location Statistics
What's nearbyi:
Freelance Admin Services (approx. 0 mile)
Roborough by Pass (approx. 0.1 mile)
Roborough by Pass (approx. 0.1 mile)
The Lopes Arms (approx. 0.1 mile)
Quality Lifestyle Ltd (approx. 0.1 mile)
Eco Heat Plumbing & Heating (approx. 0.1 mile)
Gas Heating 4 U (approx. 0.1 mile)
Eldreds (approx. 0.2 mile)
M&S Plymouth Crownhill Simply Food (approx. 0.4 mile)
Leigh Farm Gourmet Foods (approx. 0.5 mile)
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