icons_size_white icons_size

Drake Manor, Buckland Monachorum

For sale: £595,000.00|0.19 Acre|Leisure Property, Pubs/Bars/Clubs, Restaurants/Cafes, Licensed & Leisure

PROPERTY DETAILS

FOR SALE£595,000.00
SIZE0.19 Acre
ADDRESSDrake Manor, Buckland Monachorum, Yelverton, PL20 7NA
TYPELeisure Property, Pubs/Bars/Clubs, Restaurants/Cafes, Licensed & Leisure
TENUREUnder Offer, For Sale Freehold
POSTED ON8th September 2020

DESCRIPTION

Key Points

  • Freehold public house investment
  • Let to Ms M Robinson
  • Current rent £44,000 per annum
  • Lease without break, expiring in September 2024
  • Unexpired term of approximately 5 years
  • We are seeking offers in the order of £595,000 (7.04% NIY)
  • Business unaffected by sale
  • Summary

    Attractive freehold public house investment for sale, currently let on a lease expiring in 2024.

    Description

    The property comprises a 12th Century Grade II Listed, detached building, with part rendered, part painted brick with slate tiled roof and sash single glazed fenestration. Externally there is a an attractive beer garden at the rear. To the front are 4 parking spaces and a storage garage dissected by the road. Business unaffected by sale.

    Viewings

    All viewings must be arranged strictly by appointment with the sole selling agents Savills

    Location

    Yelverton is a large village on the south-west edge of Dartmoor, Devon, 10.9 miles (17.5 km) south of Plymouth, 34.8 miles (56.1 km) east of Torquay and 47.0 miles (75.7 km) north-east of Exmouth. The property is situated within the Tamar Valley Area of Outstanding Natural Beauty. The property is located in a semi-rural residential area adjacent to the Church of Andrew and a small brook to the southern elevation.

    Terms

    We are instructed to invite offers in excess of £595,000 (7.04% NIY) assuming purchaser’s costs of 5.05%. The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

    Additional information

    Internally the property comprises of the main bar area (30 covers); smaller private room off main bar (6 covers); Bar area (16 covers); Restaurant (18 covers). Commercial kitchen. Cellar and stores (across road from pub in single storey building); Ladies WC. Gents WC. Dry stores adjacent to kitchen. Office and small stores (first floor). Holiday Let: Open plan kitchen / dining / living room; 2 double bedrooms; bathroom with shower over bath.

    LOCATION

    Location: Drake Manor, Buckland Monachorum, Yelverton, PL20 7NA

    Bere Alston (3.1 miles)

    Calstock (3.5 miles)

    Bere Ferrers (3.7 miles)

    close
    What do you think of our website?
    Complete our survey and
    you could win £1000
    Start here