Available
Roborough – Public House
The New Inn, Winkleigh, Roborough, Devon EX19 8SYFreehold Public House Investment
Price
£250,000
Rent P.A.
£23,400
Yield
9.36%
Tenure
Freehold
Area
2,928 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises public house with restaurant and outdoor seating area
- Includes 2-bedroom owner`s accommodation at first floor
- The only pub located in this beautiful Devon country village
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises public house arranged as a ground floor bar & restaurant with full commercial kitchen, function room and 2-bedroom owner`s accommodation. The property benefits from outdoor seating area and provides the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, commercial kitchen, storage, customer wc`s
First Floor: 2-bedroom owner`s accommodation, bathroom
Total GIA: 272 sq m (2,928 sq ft)
Ground Floor: Open plan bar & restaurant, commercial kitchen, storage, customer wc`s
First Floor: 2-bedroom owner`s accommodation, bathroom
Total GIA: 272 sq m (2,928 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 years and 11 months from 18th June 2025 at a current rent of £23,400* p.a. Rent review on the 3rd and 6th anniversaries open market upward only. Tenant option to determine on 18th June 2028 with minimum 6 months’ notice.
*Tenant pays reduced rent of £18,200 p.a. for the first year; and reduced rent of £20,800 p.a. for the second year. The Vendor will top-up rent until 18th June 2027, so the Buyer receives the equivalent of £23,400 p.a. from completion.
*Tenant pays reduced rent of £18,200 p.a. for the first year; and reduced rent of £20,800 p.a. for the second year. The Vendor will top-up rent until 18th June 2027, so the Buyer receives the equivalent of £23,400 p.a. from completion.
Location Description
Roborough is situated midway between the A386 Okehampton to Bideford Road and the A377 Exeter to Barnstaple road. Barnstaple is around 10 miles to the north; Okehampton around 15 miles to the south and Torrington 5 miles to the west. The New Inn is situated in the heart of this sought after Devon village which in turn sits amidst rich farmland and rolling countryside. The New Inn is the focal point for the village and its surrounding hamlets. Roborough has a population of around 300 people and The New Inn benefits from consistent year-round patronage with the normal seasonal uplifts.