The Copper Penny Inn offers a superb opportunity to acquire a rural Free house in the highly sought after West Devon area of the South West. The inn is situated within commutable distance of the city of Plymouth and only some 2 miles west of Tavistock, in an elevated position overlooking the World Heritage Site of the Tamar River Valley. The unusual name of the hamlet evolves from the era when there were active copper and tin mines in the immediate area, and when the workers and miners received their pay in copper pennies or in “chips” which could be exchanged at “company shops” where they could then buy groceries and goods. One of these “chipshops” was known as the Hare and Hounds Inn and the immediate area then adopted the name Chipshop. The Hare and Hounds then changed its name to The Chipshop Inn and since the change of ownership and refurbishment, it has changed its name to The Copper Penny Inn to commemorate the historic origins of the property and the area.
During our clients’ period of ownership, the property has undergone extensive refurbishment, modernisation and redecoration. Two new 2 bedroom self-contained self-catering holiday flats have been constructed to provide quality and spacious letting accommodation, which is proving most popular with both holidaymakers and commercial customers alike. The skittle alley and functions room have also had a makeover to provide a spacious trade area with a separate bar. In addition, a self-contained farm shop with storerooms has also been created together with a separate timber milk shack, both of which are currently let out generating a rental income of around £8,400 p.a. The property is very well presented and provides surprisingly spacious trade areas and accommodation. Whilst the business is well established and enjoys a consistent year round trade, it is felt that it offers excellent and genuine potential to be driven forward, with scope to further exploit all of the aspects of wet sales, good quality food and letting. The farm shop and milk shack are also an additional bonus and produce a healthy rental income for the business. An early viewing appointment is strongly recommended.
This immediate area has become increasingly more sought after and affluent, and particularly popular amongst the equine fraternity, with a number of local estates and farms holding regular “shoots”.
The building has a traditional style of appearance constructed of solid masonry walls with rendered and painted elevations below pitched roofs clad with slate/composite slate. To the front and side of the property is a good-sized car parking area together with a trade garden.
Our clients require that all viewings must be arranged by prior appointment through our offices. Telephone now on PLYMOUTH (01752) 20 60 20 (24hr answering service) when we will be pleased to make all your appointments for you, and bring you up-to-date with newly listed businesses.
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