DREWE ARMS DREWSTEIGNTON Drewe Arms, Drewsteignton, Exeter, Devon, EX6 6QN At a glance Your agreement: Retail Partnership Tenancy Potential turnover: £289,000 Guide Rent: £25,000 per annum • Can accommodate up to 200 covers • Traditionally decorated and well kept throughout • Two ensuite letting rooms available • Three bedroom private accommodation • Discounts of up to £140 per barrel with an average of £120 per barrel To talk to someone about this opportunity or for any general enquiries call or email the recruitment team on: Overview of Drewe Arms The Drewe Arms is a substantial two-storey thatched listed building, with a painted render finish, extensions to the rear and with further out buildings within 03333 20 00 36 the grounds. The property retains its charm and character, with flagstone floors, low ceilings, wooden beams and exposed stone walls. The pub is traditionally [email protected] decorated throughout and comprises a mixture of loose and fixed wooden seating, accommodating up to 200 covers throughout the pubs many areas. There are two en-suite letting rooms that are in great condition. For enquiries, call or email the team on: 03333 20 00 36 [email protected] Regional Manager's thoughts on Drewe Arms Key features The Drewe Arms is a fantastic business with significant scope to be developed as a food destination venue with the additional revenue of letting accommodation. This pub requires an experienced publican with a background in ü Cask Ale food and community pubs and will have proven marketing skills. Currently closed, this pub is a blank canvas for the new publican and has the facilities to offer everything from good food and ales to community activities. Experience in ü Trade Kitchen managing busy seasonal trade is advantageous. Alan Turner, Regional Manager ü Restaurant Indoor trading area ü Letting Rooms The internal trading area is substantial with the main bar area on the left hand side as you enter through the main entrance. There are three dining rooms seating 65 covers in total, all full of character with painted stone walls, low ü Parking ceilings and exposed wooden beams. The function room has its own bar and toilets and will comfortably accommodate approx. 100 diners and is licensed for 250 people. The pub is served by a good sized, fully fitted trade kitchen. The ü Beer Garden letting accommodation comprises two double, en-suite rooms with four-poster beds and tea and coffee making facilities. There is also a further building to the Function Room rear of the pub which consists of five separate rooms with 20 bunk beds in total ü and includes shower and bathroom facilities. Outdoor trading area 3 Private Bedrooms To the rear of the property and adjacent to the function room, is a central courtyard with banqueting furniture, which has previously been used for weddings and ceremonies. There is also an attractive beer garden which can Location accommodate up to a further 120 covers, with views across the surrounding Drewsteignton is a pretty village countryside and a car park with space for 20 vehicles. located in Dartmoor National Park, above the Upper Teign Your living accommodation Valley. The village is renowned as a base for glorious walks and is The private accommodation comprises three double bedrooms, a lounge, dining within a mile of local attractions, room, kitchen, bathroom, landing office and a laundry room. Fingle Bridge and Castle Drago. The Drewe Arms is conveniently Our proposed agreement - Tenancy situated on the village square next to the church and the post office. Potential turnover £289,000 per annum This is our estimate of the potential annual turnover of the pub business. It does Local competition not include the financial benefits of any living accommodation, which you will need to consider. Fingle Bridge Inn, Fingle Bridge, Exeter, EX6 6PW (0.74 mi) Partnership terms Sandy Park Inn, Sandy Park, Guide Rent: £25,000 per annum, payable weekly in advance. Newton Abbot, TQ13 8JW (1.78 mi) Based on discount scheme PARTNERSHIP BAND G. Mulberry, , Exeter, EX6 6JH The proposed agreement: Retail Partnership Tenancy (2.70 mi) Old Thatch Inn, , Exeter, EX6 Key terms available online here 6JH (2.70 mi) We will also discuss your purchasing options (Wines, spirits, cask, minerals and Ring O Bells Inn, The Square, flavoured alcoholic beverages) which you can choose all, a combination or none. Newton Abbot, TQ13 8AH (3.03 Tie release fees will apply. mi) For enquiries, call or email the team on: 03333 20 00 36 [email protected] Estimated capital start-up £14,750 (excl VAT) Often referred to as ingoing costs. Includes stock & glassware at valuation, cash float and a deposit (calculated as 25% of £25,000), refundable at the end of your agreement dependent on your account being in good order. Up to two weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent. Estimated fixtures & fitting value £15,000 (excl VAT) To be discussed with the Regional Manager Rateable value £19,000 - For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search Uniform Business Rate April 2018 49.3p (England) 51.4p (Wales). To establish the rate payable, please contact the relevant Local Authority. For enquiries, call or email the team on: 03333 20 00 36 [email protected].