The Kings Arms, Winkleigh, Devon - ALL SERIOUS OFFERS CONSIDERED - 29th July 2010

The Kings Arms in the centre of Winkleigh, in Mid Devon, is a classic thatched pub with a strong local following. With an excellent reputation and the pub boasts a strong all year round trade with exceptional profits in excess of £90,000 generated from a turnover of £485,175. There is now an opportunity to acquire this successful business through licensed property specialists Stonesmith of Exeter.

A quality public house The Kings Arms is featured in the Good Pub/AA guide and is renowned for serving cask conditioned ale. The pub would benefit from having a full time chef or an owner/chef who could develop the catering further. The Kings Arms is however a popular destination inn not reliant on tourism or the vagaries of the English summer.

Winkleigh is an old Devon village steeped in history, which has grown steadily over the years. Situated between Dartmoor and Exmoor, today Winkleigh boasts 2 public houses, a Post Office, a butcher's shop, a wet fish shop, a general stores, a vets and a doctors' surgery. It also has a Community Centre, a Village Hall and a Sports Centre, together with a church, a chapel, and a primary school. The village is currently served by a bus service with a train service close by at Eggesford. Despite all of this growth etc the village has not lost its charm or character.

The Kings Arms is a substantial detached, mainly cob building, which is deceptively spacious and Stonesmith recommend a full viewing to totally appreciate this exceptional property. Internally the property is full of character and days gone by, with beamed ceilings, wood burning stoves, exposed stone walls, flagstone floors, a feature well, antique furniture and bric-a-brac. The main bar has an ornamental style carving with regency settle seating and a feature inglenook fireplace. Throughout the pub there are various seating and dining areas providing covers for up to 75.

Above the trade area is the private accommodation laid out as 2 areas, one providing a staff room, store, bedroom and bathroom and the other having 3 bedrooms, bathroom and kitchen. There is also access to an open loft space which could possibly be converted to further living space. There may be an opportunity to create 2 en-suite letting rooms.

Outside there are trade patios with around 30 covers and a small kitchen garden. Whilst there is no car park with the property, free parking is available in the village square.

Stonesmith are inviting all serious offers having just reduced the guide price to £64,950 for the leasehold business.