Kingsbridge Inn 9 Leechwell Street, Totnes, Devon, TQ9 5SY

Freehold: Guide £275,000 plus VAT

 Historic Grade II Listed Building  Function room ideal for hosting events  Public bar and restaurant  Sun terrace  Two double bedrooms in private accommodation

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Kingsbridge Inn, 9 Leechwell Street, Totnes, Devon, TQ9 5SY

LOCATION ACCOMMODATION

Totnes is a popular and historic market town and The trade areas provide for a traditional environment with a administrative centre of the South Hams in South Devon, mix of stone, wood and flagstone flooring, exposed beams being renowned as an area of outstanding natural beauty. and whitewashed stone walls. The property comprises public bar (10 covers), two dining The town is approximately 22 miles to the south-west of areas (32 covers), customer toilets and trade kitchen. In Exeter, 24 miles to the east of Plymouth and six miles to the addition the rear barn has been converted to provide for a west of Torbay. The last reported population 8,076. split level function room and bar, which can accommodate a The Kingsbridge Inn is situated on Leechwell Street which is further 40 covers if required. South of the main town centre and close to the public car The first floor provides for a two bedroom flat with lounge, parks. kitchen/ dining room and bathroom. Front entrance lobby to Public bar (11.4m x 4m inc lobby). Exposed stone walling and wooden beams with single wooden bar servery and space for 10 covers. Two steps up to dining area (4.6m x 4m) with space for 12 covers, exposed stone work and feature fireplace. Second dining room (6.8m x 3.7m) with space for 2o covers, tiled floor, exposed stone work. Rear lobby with access to ladies and gents WCs, access to beer garden and access to the Function Room. This area is split level with independent access from the beer garden and comprises bar area (9.7m x 6.2m) with raised dining area 3.8m x 3.6m). Access to kitchen (4.9m x 4.7m) and wash room. The first floor provides for a 2 bedroom flats comprising: Lounge (4m x 3.8m), Kitchen/dining room (7m x 3.8m), Bedroom (4.2m x 2.9m), bedroom (4.4m x 3m) and a bathroom. DESCRIPTION EXTERNAL AREAL The property comprises an attached two storey public To the side of the building is an enclosed beer terrace with space for 6 benches and external ground level beer cellar. house, reported to be the oldest in the town and of 17th century origin. There is a private yard from the kitchen with access from the The main building is of stone construction with a pitch tiled private accommodation. roof, rendered with part hung tile elevations. The building FIXTURES AND FITTINGS has been extended to adjoin the rear barn which in turn borders the rear boundary. The vendor is not including any items of furniture; The property is in good condition overall and appears to equipment, trade fixtures and fittings. Any that are left post have been subject to significant investment in the recent completion are not warranted for their suitability, safety or years. ownership. The vendors will not be supplying an inventory. TRADE The venue has been run as an investment by our clients and as such no historic accounts are available. RATING ASSESSMENT The rateable value from 1 April 2010 has been set at £18,200. The draft 2017 estimate is £12,250. Council tax band A. Year 2016/17 2017/18 Small Business Multiplier 48.4p 46.6p Higher Multipliers 49.7p 47.9p

Kingsbridge Inn, 9 Leechwell Street, Totnes, Devon, TQ9 5SY

LEGAL COSTS PRE-CONTRACT ENQUIRIES Each party to bear its own costs. The vendor operates an estate of leased and tenanted public houses and does not have knowledge of the day to day running of the property CONDITIONS and will therefore not respond to any pre-contract enquiries. The purchaser must rely on their own The sale will be subject to contract. enquiries from their survey, inspection and searches. PLANNING THIRD PARTY OWNERSHIPS We understand this property lies within South Hams District Council administrative area. The property Items that are owned by third parties will be also lies within the Totnes conservation area. excluded from the sale and will be removed from the Interested parties should make their own enquiries property, these items may include – gaming and to the local planning authority. vending machines; pool tables; items that are subject to rental or hire purchase agreements; beer www.southhams.gov.uk. flow monitoring equipment; beer raising and dispense equipment (although these are usually TERMS OF AVAILABILITY included within “the national agreement”.) The property is available freehold with a guide of £275,000 plus VAT. This does not include trade EPC E inventory. Please be advised there are no trading accounts available and this has been reflected in the guide price. Our client is also not in a position to answer standard CPSE enquiries. We invite offers in writing with proof of funding and an anticipated timescale to formally exchange contacts on receipt of draft documents. Offers can be sent by post or email for the attention of Michael Easton. In order that we can give detailed consideration to all the offers received, we ask that the following information is included with your offer: - The name and address of the purchaser - The headline amount offered for the freehold - Any conditions of sale - Proof of funding and timescale

TAX VAT will be payable on 90% of the purchase price. Please be advised that stamp duty is payable on the gross consideration

Kingsbridge Inn, 9 Leechwell Street, Totnes, Devon, TQ9 5SY

VIEWING & FURTHER INFORMATION Property inspection and viewing strictly by appointment. No direct approach may be made to the business. Please contact:

Michael Easton JLL The Senate Southernhay Gardens Exeter EX1 1UG +44 (0) 1392 429381 [email protected]

Audrey Moore-Haine JLL The Senate Southernhay Gardens Exeter EX1 1UG + 44 (0) 1392 429314 [email protected]

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