Summary - The Laurels Inn, Petrockstow, OKEHAMPTON EX20 3HJ
5 bed 2 bath Restaurant
Characterful 17th-century inn with gardens, parking and development potential (STPP)..
17th-century village inn with exposed beams and flagstone flooring
A rare chance to acquire a Grade-style 17th-century village inn at the heart of Petrockstow. The Laurels Inn combines character features — exposed beams, flagstone flooring and high-ceilinged bar rooms — with practical recent works including a new roof, new internal flooring and a multi-fuel burner. Two beer-garden areas, generous off-street parking and large private accommodation (4–5 bedrooms) add versatile commercial and residential value.
The property has operated as a successful community pub and restaurant and now offers clear scope for a new trading model, holiday-let/B&B or residential conversion (subject to planning). The adjoining former cottage and sizeable plot give practical expansion or storage options. LPG boiler heating, double glazing and the refreshed internal finishes reduce short-term maintenance outlay.
Important sale considerations: this lot is offered by Modern Method of Auction. Successful bidders must pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and complete within the stated reservation period — please review the Buyer Information Pack and seek mortgage advice before bidding. The building’s granite walls are likely uninsulated and some systems (LPG fuel, older glazing) may need upgrading for modern energy standards.
Set in a remote, agricultural village environment with very low crime and easy access to the Tarka Trail and nearby market towns, the site suits an investor or buyer seeking an income-producing hospitality business or a countryside lifestyle project. Broadband and mobile signals are average and the area ranks as relatively deprived, which should be considered in commercial forecasting.
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