Vickery Holman Commercial agents are currently dealing with a number of sites across the county, all offering something different.
The Railway Inn, Churston is a substantial building and business which occupies a high-profile position next to the Steam Railway station and adjacent to the main road out of Brixham to Torbay. It lies on the principle route for those taking the ferry to Dartmouth and the many nearby attractions. An already established business, run as part of small independent family group, it has the key income drivers for the sector with busy bar and food trade, extensive beer garden, great customer car parking and 6 letting bedrooms. In addition, there is a separate flat and the business is available as an assignment of the existing business and free of tie lease at £75,000 to include the trade inventory.
Moving East and the popular village of Topsham is the Exeter Inn on Fore Street, where tenants of 20 years have just retired. This offers a new start position on another free of tie lease, where with investment a new operator can chose their trading style and make use of the traditional bar, with the potential to make better use of a rear yard with former stores (a small brewery space perhaps..). In addition there are 5 bedrooms, lounge and kitchen and a parking space – much sought after in the town. The Exeter Inn is available with at nil premium for a new lease with rent at £40,000 per annum.
Heading to the North coast and the Agricultural Inn at Braunton, gateway to surfing meccas and golden sand of Saunton, Croyde and Woolacombe. A busy town in it’s own right, The ‘Aggi’ has considerable kerb appeal, set back from the road with a large car park and attractive frontage. There are lounge and public bars, plus a useful function room to create a thriving business in addition to extensive accommodation which may (subject to consents) create three living areas for guest accommodation, letting and/or private space, but certainly enough to add income to the business. Another free of tie opportunity with a new lease available, this one is for experienced operators looking to re-establish a strong food and function trade.
Just over the border into Cornwall there is also The Croft at Hatt which is on the main road from Saltash to Callington, which is large site with public bar, separate restaurant and outside terrace for 150 covers. This will appeal to food driven operators, particularly to reopen the large function suite which offers a great opportunity to bolster trade and is an area with great access links to Plymouth and South East Cornwall. Privately owned, Vickery Holman are seeking experienced couples, for a new tenancy or lease and the venue is kitted out and ready to trade with a little tender loving care to reopen.
The Vickery Holman leisure department are dealing with sales and lettings across the region and whilst there are well known challenges in the sector, these create new opportunities and in the right hands, we see many operators growing their businesses. With strong management and a marketing strategy, there is plenty to be gained in the sector.
