Turnkey leasehold pub with beer garden and spacious owner's flat, ideal for hands-on operators.
Thatched Grade II listed building with 16th-century origins
A rare free-of-tie lease opportunity in a Grade II listed thatched building on the A35, presented as a fully equipped village pub and restaurant. The property offers multiple character trading rooms (60+ covers), a commercial kitchen, skittle alley, extensive beer garden with seating for around 80, and customer parking for approximately 25 cars. The first-floor, three-double-bedroom owner’s accommodation is spacious and family-sized, allowing live‑in operators to run the business from home.
Important practical points are clear: the business closed in August 2023 and is being offered as a new 7-year free-of-tie lease with a guide rent of £36,000 pa; the asking price is £35,000 for the lease and trade inventory. The short lease term (7 years remaining) is likely to deter many mortgage lenders and will restrict some buyers to cash or specialist finance. The Grade II listed status brings responsibility for historic fabric and potential restrictions on alterations.
For hands-on owner-operators or commercial investors seeking a landmark roadside trading location in East Devon, this is a turnkey reopening opportunity. The property is well appointed with commercial equipment in place and strong roadside visibility near Axminster and the Jurassic Coast, but buyers should factor in lease length, listing constraints, and the costs of re-opening and ongoing listed-building maintenance. LPG for cooking and oil-fired heating are in use.
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