Summary - 24 MILL STREET CHAGFORD NEWTON ABBOT TQ13 8AW
3 bed 1 bath Restaurant
**Standout Features:**
- Licensed restaurant with a great reputation
- Two ensuite letting bedrooms for added income potential
- Spacious one-bedroom owner's apartment
- Enclosed courtyard garden for outdoor dining
- Prime location in affluent, tourist-friendly Dartmoor town
**Notable Concerns:**
- Leasehold property with 12 years remaining, which may affect mortgage options
- Current owners have restricted opening hours
Nestled in the heart of the desirable Dartmoor town of Chagford, Folklore Kitchen and Social is an exceptional restaurant offering both a thriving business opportunity and comfortable living arrangements. This well-presented establishment features a main restaurant space that seats 18, with room to accommodate more, alongside a cozy lounge/dining area and a fully equipped commercial kitchen sure to appeal to culinary enthusiasts. With two ensuite letting bedrooms and a spacious owner's apartment, this property presents a unique versatility for both investors and owner-operators.
Surrounded by the natural beauty of Dartmoor National Park, the restaurant draws year-round patronage from locals and tourists alike. Despite the current limited opening hours, there’s substantial potential to expand operations and increase revenue by opening in the evenings or utilizing the letting accommodations, making this a rare find in a sought-after location. The attractive courtyard garden offers additional space for al fresco dining, enhancing its charm. With a competitive price of £25,000 for a leasehold interest, this opportunity won’t last long; act fast to seize the potential that Folklore Kitchen and Social has to offer!
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