The Town Arms, South Molton, North Devon FOR SALE - 31st August 2010

Well established town centre freehold, recognised in the Good Beer Guide

A popular and well presented town centre pub, with letting rooms and an owners apartment, The Town Arms in South Molton, North Devon is now for sale through licensed property specialists Stonesmith of Exeter.

The Town Arms is a well established freehouse which has a good reputation for well kept ales, resulting in a place in the highly acclaimed Good Beer Guide. The present owners have built up an enviable reputation over the past 8 years and have greatly improved and maintained the business and the property.

The inn is a popular town centre wet led freehouse with a strong local following and year round trade, though it enjoys a slight uplift in the summer months from tourists. Whilst the inn is reputed for its beer there is a limited food selection, mainly consisting of sandwiches and rolls. Therefore, with a small amount of letting included, the trade split is 90% to wet sales and 5% each to food and accommodation.

The Town Arms sponsors a local rugby team and is home to pool, darts and skittles teams. In addition the function room is a popular venue for a number of local groups including, a Vintage Car Club, CAMRA, Young Farmers etc.

The property is situated in a prime trading position in the centre of South Molton, which is a thriving market town known as the Gateway to Exmoor. The area is renowned for its beautiful scenery and excellent sporting and recreational facilities. The North Devon coast is also within easy reach and offers sandy beaches and surfing.

A deceptively spacious mid terraced three storey property, It has been sympathetically upgraded and improved over recent years and comprises a main bar with 36 covers, a back bar with a further 14 covers, a function/dining room with 30 covers and a well equipped catering kitchen. There are 4 en-suite letting rooms each with en-suite shower facilities on the first floor and on the second floor owner’s accommodation which comprises a lounge, double bedroom and bathroom.

Externally there is a rear enclosed and covered courtyard with a smoking shelter and covers for 16 people and opposite a single storey purpose equipped skittle alley. There are also 2 private parking spaces.

The Town Arms represents an excellent opportunity for new owners to purchase a well established public house with genuine potential to develop all aspects of the trade, especially the catering, by offering a more extensive menu, and the accommodation with advertising and marketing.

Stonesmith are looking for offers off an asking price of £525,000 for the freehold business