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Caterer, Licensee & Hotelier

Property and Professional

March 2017

New Instruction: Character Destination Inn, Sought After Trading Position STONESMITH OF Exeter have recently been appointed as agents for the sale of The Bickford Arms, a substantial and highly impressive landmark destination inn with grounds extending to over an acre. Situated in the rural hamlet of Brandis Corner, The Bickford Arms occupies a prominent landmark trading position adjacent to the A3072, midway between the towns of Hatherleigh (5 miles) and Holsworthy (5 miles). The Bickford Arms has been the subject of fastidious renovation and refurbishment to exacting standards following a fire in 2003, and a substantial extension in 2015 which added additional letting bedrooms on the first floor and increased the size of the restaurant and function suite. Consequently, the business is presented and furnished to an exceptionally high standard throughout and

PORTSLADE

• 2 bar areas

• 45 cover restaurant

• Games room

• Smoking solution

£380,000 FREEHOLD

CHALLOCK Busy food pub 120-cover restaurant 50-cover function room Trade gardens & car park • 3 bedrooms £139,995 LEASEHOLD

• Covered patio • 3 bedrooms

£325,000 FREEHOLD

• New private lease

• Basement cellarage

• Rear trade patio

• No accommodation

£90,000 FREE OF TIE LEASE

NR EMSWORTH

• Prominent village pub

• Retirement Sale

• Grade II Listed

• Open plan bar

• Bar & dining room

• Trade patio

• Courtyard patio

• 100% wet trade

• 3 bedrooms

£90,000 LEASEHOLD

• 2 bedrooms

HURSTPIERPOINT

NR HAYWARDS HEATH

• Village pub

• Large patio areas

• Garden & car park

• Car park

• Managers flat

£40,000 LEASEHOLD

TENTERDEN 01580 766522

• Potential 5 letting rooms • Manager’s bedsit

• Free of Tie MIN CAPITAL REQUIRED £20,000

BRIGHTON 01273 565621

www.pubsales.co.uk

to the paddock and by utilising the excellent indoor and outdoor facilities for weddings, festivals and private functions etc. There is a welcoming bar (circa 16) with open fire, separate coffee shop (circa 24), two section restaurant (circa 40) with Tudor décor, separate dining area (circa 14), 6 en-suite letting rooms, fully equipped commercial kitchen, spacious 6 bedroom owners accommodation, decked patio area, one acre enclosed paddock and a patrons car park for approximately 25 cars. Mr Bryan added that it is a rare opportunity to acquire this well established business with such versatility and growth potential in an excellent location with spacious living accommodation offering an enviable lifestyle. Price: ‘OFFERS IN EXCESS OF’£60,000. Tenure: Free of Tie Leasehold – 14 years remaining (we are advised). Renewable at end of term. Sales Criteria: £280,476 (Incl. VAT) 9 Months only. Trade Split: 20% wet, 60% dry, 20% accommodation. Current Annual Rent: £65,000. Contact the agent, Guy Simmonds on 01332 865112.

Recently Reduced: Impressive Detached Bed And Breakfast Business Set In 6 Acres Within Dartmoor National Park THE CHARACTERFUL property of the Beechwood Guest House, situated in a prominent position within the Dartmoor National Park, is being offered to market by agents Stonesmith, for a recently reduced sale price of £355,000.

£45,000 LEASEHOLD

• Village inn

• 3 letting bedrooms

Senior Valuer, Geoff Bryan, said this impressive inn is in a superb location and has a regular local wet trade and a good reputation for a good quality food destination venue from the local community and surrounding area, with the added benefit of the 6 letting rooms and being near to Peterborough it is becoming popular with the many visitors and tourists to the area all year round. There is huge growth potential for new owners to build on this already successful business by promoting the letting rooms more, installing a cesspit and water supply

BRIGHTON KEMP TOWN • Open plan bar

• • • •

HOVE

LEADING NATIONAL Licensed Property Agents Guy Simmonds have been instructed to sell this well established, popular and thriving inn and restaurant with letting accommodation with massive potential and immense versatility in an enviable central location in the affluent and sought after village of Stilton in Cambridgeshire.

• 16th century inn

• Trade garden • 3 bedrooms

The Stilton Cheese Inn, Stilton, Cambridgeshire on the Market

DYMCHURCH

• Real ale freehouse

offers 11 high quality en-suite letting bedrooms, an attractive locals bar (24+), further Main Bar & Dining Area (52+), a Separate Restaurant/Function Room with its own private Bar Servery (70+), and an exceptionally well equipped Commercial Catering Kitchen with associated ancillary facilities. There is also a spacious and extremely well presented 2 bedroom selfcontained owners accommodation with open plan Sitting Room, Kitchen/Dining Room and Shower Room. Externally, the grounds extend to over an acre and incorporate a large Car Park Area for 46+ vehicles, Single Garage and adjoining Workshop/Store Room, attractive Patio Terrace to the rear (24), Further Al Fresco Seating to the side and front (24), and a Separate Area of Woodland. The inn is a successful and well regarded business with an excellent reputation, benefitting from strong levels of year round trade from the immediate area and surrounding villages and towns. The sale of The Bickford Arms represents an excellent opportunity to purchase a well regarded country inn and restaurant with high quality letting accommodation and impressive owners accommodation. The freehold business is on the market for £695,000. Full property details are available from the website www.stonesmith.co.uk and viewings arranged by calling 01392 201262.

The property is situated on one of the main routes across the Dartmoor National Park and benefits from visible signage from both directions. The well-known and popular moorland towns of Moretonhampstead and Tavistock are just 8 and 12 miles away respectively. The detached character property is in first class order throughout and has been sensitively renovated and refurbished during the present owner’s time. Features include four granite fireplaces (three with wood burning stoves) and a four-oven Aga. The accommodation provides 7 bedrooms (5 used for letting), 4 bath/shower rooms, an owners lounge, residents lounge, dining room, conservatory/sun room/breakfast room, boot room, reception

hall, large kitchen and utility. Externally the property is set in 6 acres of grounds and includes 2 hay meadows, a paddock with stables, parking for 10 plus vehicles, attractive lawned gardens, vegetable and herb gardens, a greenhouse, chicken coop and wooden storage shed. There are also a useful range of outbuildings and an owners single garage. The business is currently run by a husband and wife partnership, trading to fit in with their current lifestyle, and choosing to keep the turnover just below the VAT threshold. Therefore there is an opportunity for the new owners to develop the trade and all aspects of the business. As with the majority of business premises in Dartmoor National Park, Beechwood is for sale under the terms of a Duchy lease. Information is available from the agents Stonesmith, who are looking for offers off a recently reduced guide price of £355,000. Full details can be downloaded from the website www.stonesmith.co.uk and viewings arranged by calling 01392 201262.

THE WEST COUNTRY SPECIALISTS LA PETITE MAISON TOPSHAM, DEVON

SQUID INK LOOE, CORNWALL

TOWN HOUSE B&B EXETER, DEVON

MARTHA’S COFFEE HOUSE MORETON-IN-MARSH, GLOS

THE CRANFORD INN TORRINGTON, DEVON

DELI ON THE STRAND EXMOUTH, DEVON

SOLD FREEHOLD

SOLD LEASEHOLD

SOLD FREEHOLD

SOLD LEASEHOLD

SOLD LEASEHOLD

SOLD LEASEHOLD

THE BANK HOUSE RESTAURANT CHARMOUTH, DORSET

PIZZA PROVENCALE CLIFTON, BRISTOL

THE FOREST INN HEXWORTHY, DEVON

TREWITHEN RESTAURANT LOSTWITHIEL, CORNWALL

SOLD FREEHOLD

SOLD LEASEHOLD

A FEW OF THE BUSINESSES SOLD BY US IN 2016. THINKING OF SELLING IN 2017? WE OFFER:• FREE VALUATIONS • NO SALE, NO FEE

• COMPETITIVE FEES • NO UPFRONT CHARGES

WE SELL PUBS, RESTAURANTS, HOTELS, GUEST HOUSES, CAFES, TEA ROOMS AND OTHER CATERING ESTABLISHMENTS THROUGHOUT THE SOUTH WEST.

SOLD LEASEHOLD

SOLD LEASEHOLD

THE HIGHWAYMAN’S HAUNT CHUDLEIGH, DEVON

THE CLOCK TOWER FISH BAR EXETER, DEVON

THE HORSE & JOCKEY NR BATH, SOMERSET

THRIVE CAFE TOTNES, DEVON

THE FIVE BELLS NR EXETER, DEVON

THE BRIDGE GUEST HOUSE TIVERTON, DEVON

SOLD LEASEHOLD

SOLD LEASEHOLD

SOLD FREEHOLD

SOLD LEASEHOLD

SOLD LEASEHOLD

SOLD FREEHOLD

CONTACT STONESMITH NOW FOR A FREE VALUATION AND GET MOVING IN 2017

01392 201262 www.stonesmith.co.uk

CLH News #198 March 2017  

Issue #198 of CLH News - the leading monthly trade publication for the independent hotel, pub and restaurant sector of the hospitality indus...

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