, Chudleigh, Newton Abbot, Devon, TQ13 0DE
An opportunity has arisen to run a beautiful thatched public house in the historic Devon town of Chudleigh.
The Highwaymans Haunt is an historic coaching inn dating back many centuries. It sits on the edge of Chudleigh in Devon just south of Exeter. The pub benefits from over 100 internal covers, a large car park for 70 cars and three separate large external garden areas on two levels.
The pub features one small internal bar area and is complemented by a further three separate dining areas over two levels. Additionally there is an outside bar servicing the different external trade areas.
|Car park spaces||70|
|Child play areas||1|
Private accommodation available includes four bedrooms, a large lounge area, private kitchen with refurbished toilets and a shower room.
|Annual rent||£52,000.00 per annum|
|Weekly rent||£1,000.00 per week fixed|
£52,000 per annum, £1,000 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 £53,350 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). **Applicants will be considered with a minimum investment of £23,000**
|Fixtures & fittings||£30,000.00||Working capital||£10,000.00|
|Other costs||£3,150.00||Total entry cost||£53,350.00|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||Please note this site has been free of tie for wines, spirits and minerals.|
The pub is located a mile or so outside the Devon town of Chudleigh and sits nearby the main A38 through road connecting Devon & Somerset to Cornwall.