Summary - Upper Flat, 31 Fleet Street TQ1 1BB
1 bed 1 bath Hospitality
Dartmoor-edge venue with superior owner flat and immediate income potential.
Freehold hospitality business with significant turnover and very strong net profit
A rare freehold hospitality opportunity in TQ1, this established business delivers significant turnover and very strong net profit. The sale includes superior owners’ accommodation above the premises, making it practical for an owner-operator or a hands-on investor seeking immediate income and living space on Dartmoor’s edge.
The building is substantial for its location (approximately 991 sq ft) and dates from before 1900, with sandstone/limestone walls and internal insulation plus double glazing added after 2002. Utilities rely on electricity with electric storage heating; the property occupies a small plot and is end-terrace, so external expansion is limited.
Location offers high footfall and many nearby amenities, but the surrounding area is very deprived with a higher local crime rate and constrained renter profile. Broadband speeds are very slow despite excellent mobile signal — a material consideration for modern reservations and online trading.
This is a confidential freehold sale ideal for investors or buyer-operators who prioritise immediate cashflow from a proven hospitality business. Be aware of operational and location-related factors (broadband, heating type, local crime) that will influence management, staffing and any refurbishment plans.
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