IMPRESSIVE 'OLDE WORLDE' FREE HOUSE

Ref : L1979

Price

Leasehold : Guide Price :: £35,000.00 - £55,000.00 SAV SOLE AGENTS

Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.

  • Impressive ‘olde worlde’ free house.
  • Heart of historic Devon town foothills of Dartmoor National Park.
  • Imposing period premises extensively renovated with wealth of charm and character.
  • Large lounge bar, self-contained restaurant and functions suite together with games and pool rooms.
  • Three self-contained flats let generating approx. £1,350 per calendar month.
  • Turnover approx. £5,000 per week. Mainly wet.
  • Food and functions trade totally unexploited offering tremendous potential.
  • Free of tie lease. Unique opportunity, viewing strongly recommended.

These impressive and imposing premises occupy a prime central trading position in the heart of the historic and highly sought after Devon market town of Tavistock.  Pym Street itself is located only a short walk from the main shopping centre and there is a full and varied selection of businesses represented nearby, including all of the high street banks, numerous multiple concerns, a full variety of independent traders including a full variety of retail concerns, restaurants, pubs and coffee shops, etc.  Consequently, the business enjoys an excellent growing year round trade and offers undoubted future trading potential for the introduction of food and functions.  Tavistock, with a population of around 17,000, is an ancient market town set astride the River Tavy.  At one time it was a stannary town, a seat of the woollen industry and home to Sir Francis Drake.  Victorian in character, a reflection on the boom era of copper mining, it still retains its historic atmosphere and is an ideal base for exploring Dartmoor.  The major South Devon city of Plymouth is approximately 15 miles to the south with, to the north, Lydford which is well-known for its castle, gorge and waterfall. 

The premises are Grade II Listed with a most impressive granite stone façade.  Over the years it has had a variety of uses, including Tavistock’s first Temperance Hotel and was also utilised as offices for the local Council.  The building itself was first licensed as a pub in around 1980 when it was named The Sir Francis Drake.  Under the present ownership, it has been extensively renovated and refurbished and briefly comprises a charming lounge bar area to the ground floor, separate restaurant and functions suite, as well as games, pool room and kitchen to the first floor, together with three self-contained flats to the second floor.  An early viewing appointment is essential to fully appreciate the charm, appeal and undoubted future trading potential of this impressive free house, restaurant and functions venue. 

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Office Address

Huntley & Partners
Spargo House
10 Budshead Way
Plymouth
Devon
PL6 5FE

Telephone

01752 206020

(24hr answering service)