Freehold former pub and restaurant for sale in Exeter on 1.68 acres with development potential
Exeter, Devon
- Status
FOR SALE
- Advert ID
657567
- Reference
CD-90341 / Rightbiz
- Call Agent:
- Freehold: £475,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Substantial Freehold Development Opportunity For Sale in Exeter
The Dragon Inn represents a rare opportunity to acquire a substantial freehold former public house and restaurant situated on an extensive site of approx. 1.68 acres, in one of East Devon's principal growth locations.The property occupies a prominent position in Rockbeare, immediately adjacent to the rapidly expanding Cranbrook new community and within an area that has seen significant residential, commercial and infrastructure investment in recent years.
The property comprises a substantial licensed premises and restaurant extending to approx. 7,078 sq.ft. together with extensive external areas, parking and surrounding land. The scale and configuration of the property, combined with its location and the continuing development of the surrounding area, provide considerable potential for alternative commercial, residential or mixed-use opportunities, subject to the necessary planning consents.
Of particular significance is the amount of development taking place in the immediate vicinity. Cranbrook has developed rapidly in recent years and is now an established new community, with further major expansion planned and underway.
Much of the land surrounding the Dragon Inn is understood to be subject to Planning Application 26/0534/MOUT, an outline planning application, with all matters reserved, for the construction of 140 residential dwellings including affordable housing, public open space and associated infrastructure
Link to Auction https://www.btgeddisonspropertyauctions.com/properties/202605201417sq_4t1u-300926/for-auction-exeter
Our Reference: CD-90341
To be sold at auction on 01/10/2026
Substantial public house and restaurant approx. 7,078 sq.ft.
Extensive site extending to approx. 1.68 acres
Significant on-site parking and excellent vehicular access
Prominent position within the Cranbrook/Rockbeare development corridor
Potential for a range of commercial, residential or mixed-use opportunities, subject to planning
Vacant
EPC Rating: C
• FH Price: £475,000 Guide Price
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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.
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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.
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