Freehouse with letting rooms for sale in South Molton, Devon with development potential
South Molton, Devon
- Status
FOR SALE
- Advert ID
632844
- Reference
95714 / Rightbiz
- Call Agent:
- Freehold: £425,000
- Turnover: On request
- Profit: On request
Key Features
- Large Plot Size
- Licensed for hospitality use
Business Details
DEVON TOWN CENTRE FREEHOUSE WITH LETTING ROOMS & DEVELOPMENT POTENTIAL
Market town square position
Main bar (35) & back bar (25)
Function room (25) & separate skittle alley
Four en suite letting rooms & owner’s accommodation
Historic planning for 5 dwellings or 11 en suite letting rooms
Trade patio (70 ) & car park (15)
Scope for Food & Letting Room revenue
The Town Arms Hotel is a public house situated in the centre of the North Devon market town of South Molton. The town is located on the southern boundary of Exmoor National Park; it has a traditional town square and is home to numerous businesses. South Molton has a population of approximately 5,100 and is close to the A361 North Devon link road which provides fast road communications between the M5 motorway and the North Devon coast.
The town has a thriving centre and attracts visitors exploring Exmoor National Park and the scenic North Devon coastline. It is also the home of a twice weekly market at which more than 70 stallholders sell a wide range of locally produced products.
The Town Arms Hotel occupies a two storey property of local stone construction under a pitched slate roof. The property has an extensive two storey addition to the rear which comprises the former stable block and skittle alley.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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