Letting Rooms

Heathfield

Walnut Road, Honiton, Devon, EX14 2UG

Gallery

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Pub overview

A unique and wonderful opportunity to run an established business within a delightful thatched Pub

The Heathfield has an abundance of charm and history dating from the 16th century. Located within the market town of Honiton, Devon the site is conveniently located within a large housing development. This business is a large food led operation, so the successful candidate will need to have experience of a busy food operation, as the Heathfield has ninety six covers (fifty in restaurant, forty six in bar area). The site also has seven en suite letting rooms and a function room, so there really are an abundance of revenue streams. Externally there are two garden areas and thirty four car parking spaces. Internally, the Pub is neatly presented and has lots of charm and character. To be successful here, you will need to continue and improve upon the current food offer, be at the heart of the local community and successfully unlock the letting rooms potential.

The pub has covers for ninety six diners , fifty in the restaurant area and forty six in the bar area. There is also a separate function room & pool area in addition to seven en-suite letting rooms.

Trade space
Bars 1
Car park spaces 34
Dining rooms 1
Food covers96
Function rooms 1
Gardens 2
Trade kitchens 1
Rooms to let 7
Patio areas 1

The site has a room for a manager which includes a lounge & private kitchen.

Private space
Private Rooms5
Lounge1
Double bedrooms1
Private Kitchen1
Bathrooms1
Toilets1

Rent information

Annual rent£51,000 per annum
Weekly rent£980.77 per week fixed
Notes

£51,000 per annum, £980.77 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £18,875.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *F&F figure is to be valued* *Loose catering, stock & glassware will be determined on change day and is seperate to the F&F*

Brokers£750Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£0Working capital£10,000
Other costs£1,150Total entry cost£18,875

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2018/191054383
2017/1811519323
2016/171027518
Volume notes

Location

Honiton is a market town in East Devon close to the River Otter, 17 miles north east of Exeter. The pub sits in a residential area of Honiton around a mile from the centre of town. The pub is located off the main road linking the town with the coastal area.

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Facilities

Trade bar
Car park
Dining area
Function room
Pub garden
Trade kitchen
Letting rooms
Trade patio

Current premises licence opening hours

Monday to Friday - 07:30-00:30 Saturday & Sunday - 08:30-00:30

Contact Us

Simeon Baker

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am looking for an experienced food operator who can unlock the potential of the letting accommodation and make this pub the heart of the community. The Heathfield is a pretty thatched roofed pub located in a residential area of Honiton and is available for the first time in over ten years. If you have the skills require to be successful at the Heathfield, then contact us immediately ”