A renowned South Devon cider bar and a successful Exeter city pub are just two of nine Devon pubs and bars for sale this spring.
Leading licenced and leisure property agents Bettesworths said it was delighted to announce the availability of the nine individual wet-led bars and pubs coming to the market.
All independent of each other, the range of businesses offers differing styles of operation and location. Some of the properties are available as freehold sales and others as leasehold.
In Exeter city centre, The Angel Bar is a well-established and highly successfully wet-led business located just opposite Exeter Central railway station.
The vibrant and spacious bar has a main character trading area and benefits from a late licence. The property also has a licensed six-bed HMO (house in multiple occupation) above, with two separate residential flats all let and generating a considerable income.
The gross turnover of the business is in excess of £600,000 with a very strong profit. Bettesworths is marketing the leasehold interest of The Angel at £99,950.
In South Devon, you could snap up the leasehold of an internationally renowned cider bar for under £60,000.
The iconic Old Cider Bar is situated in Newton Abbot and is a substantial licenced, Grade II listed property with traditional trading areas. The successful business comes with a three-bed owners’ flat and a separate two-bed letting flat.
This is a rare opportunity to secure a unique business, only on the market for the second time in 50 years. The Cider Bar is available at an asking price of £59,950 leasehold.
The freehold of Dicey Rielly’s, a popular and successful town centre freehouse in the coastal resort of Teignmouth, is also for sale.
Close to the seafront, the property benefits from extensive trading areas arranged over two floors and a brand new cellar bar. There is also a superior four or five bed owners’ flat above presented to an exceptional standard.
Dicey Rielly’s is described as a high turnover business with a very strong net profit and the potential to introduce food trade. The property is being marketed by Bettesworths at an asking price of £550,000 freehold.
Other exciting opportunities include Vaughans Bar, a thriving waterside business on the harbourside at Torquay with an asking price of £85,000 for the leasehold.
JD’s Bar in Torquay, a successful wet led “circuit” bar in the heart of the town centre, is available at £95,000 leasehold.
The Oak at South Brent is also for sale. The substantial freehold public house is currently closed but has huge opportunity to be kick-started. The pub is being offered at an attractive price of £265,000 freehold and has six en-suite letting rooms.
Bettesworths is also marketing the Shipwrights Arms in the delightful village of Shaldon, a delightful cottage-style public house close to the estuary. The property is available on a new free-of-tie lease at ‘Nil Ingoing’ at a guide rent of £15,000 to £18,000 per annum.
Matt Bettesworth who is handling the properties said: “These really are nine unique businesses, all offering different opportunities for would-be buyers at realistic prices.”
To find out more about the pubs, please contact Matt Bettesworth on 01803 212021 or firstname.lastname@example.org.