£7,500 pa
(£7,500.00/sq. ft. pa)
Pub/bar to letBerrynarbor, Ilfracombe EX34
1 sq. ft
About this property
Ye Olde Globe Inn is a character packed village centre free house built as three cottages circa 1248 by stone masons constructing the village church spire. It is believed to have been converted to a public house in circa 1775. The property stands at the centre of the village which lies just off the A399 which connects the nearby coastal village of Combe Martin to the town of Ilfracombe.
This is a popular holiday makers area as there are sandy beaches in both Combe Martin and Ilfracombe with a number of camping and holiday parks within the vicinity together with an increasing number of holiday cottages. Berrynarbor is within an area of outstanding natural beauty and stands to the north of Exmoor National Park.
The village is vibrant with a small primary school, volunteer controlled village shop and other shops within some of the larger holiday parks. Berrynarbor is an award winning village having won “Best Kept Village” and “Britain in Bloom” Awards.
Ye Olde Globe Inn has a wealth of character and is briefly described as follows:
Trade areas
Four interconnecting snug type bar areas with a seating capacity for circa 48. These include stone floors, black and white surroundings with timber beams, feature fireplaces one having a log burner, the other having an open fire. A variety of traditional bar tables and chairs. Polished topped bar servery counter with back bar display feature. A further section is a pool room off which is there is access to the ladies, gentlemen’s and disabled toilets.
Skittle alley/function room which also proves to be a useful dining room overspill and seats circa 60. This has part wood and part carpeted flooring and again has black and white effect surroundings.
Catering kitchen which is spacious, has quarry tiled floor and a comprehensive range of stainless steel equipment. Preparation room. Sweet room. General store and a refrigerated beer store.
Owners accommodation
At first floor level with three bedrooms (two double, one single). Sitting room and a bathroom.
External
To the front and side of the property are customer patios and gardens with part crazy paving and part lawn. This comfortably seats 60 customers.
Forecourt car parking space for two or three vehicles.
The premises have been occupied by tenants and consequently there are no trading figures available.
The business had a good mix of support from the local community, customers driving to the village and the large number of holiday makers in the vicinity during the Summer. The business has also been home to skittle, darts and pool teams.
Our client is looking for an experienced operator looking to continue Ye Olde Globe Inn as a traditional community pub.
Leasehold £7,500 to include fixtures and fittings
term: For a term of seven years
landlord & tenant act 1954: Inside Part II of the Landlord & Tenant Act 1954
assignability: Fully assignable subject to Landlord’s consent. Such approval not to be unreasonably withheld
deposit: The successful applicant will be required to lodge with the freeholder a deposit of one quarter's rent in advance
rent: Annual rent paid monthly in advance
Year 1: £20,000
Year 2: £21,000
Year 3: £22,000
rent review: Subject to rent reviews every third year of the term
repair liability: Full repairing and insuring lease agreement
tie: Free of all trade ties
insurance: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: Please note that VAT will be payable on the Premium and rental payments
This is a popular holiday makers area as there are sandy beaches in both Combe Martin and Ilfracombe with a number of camping and holiday parks within the vicinity together with an increasing number of holiday cottages. Berrynarbor is within an area of outstanding natural beauty and stands to the north of Exmoor National Park.
The village is vibrant with a small primary school, volunteer controlled village shop and other shops within some of the larger holiday parks. Berrynarbor is an award winning village having won “Best Kept Village” and “Britain in Bloom” Awards.
Ye Olde Globe Inn has a wealth of character and is briefly described as follows:
Trade areas
Four interconnecting snug type bar areas with a seating capacity for circa 48. These include stone floors, black and white surroundings with timber beams, feature fireplaces one having a log burner, the other having an open fire. A variety of traditional bar tables and chairs. Polished topped bar servery counter with back bar display feature. A further section is a pool room off which is there is access to the ladies, gentlemen’s and disabled toilets.
Skittle alley/function room which also proves to be a useful dining room overspill and seats circa 60. This has part wood and part carpeted flooring and again has black and white effect surroundings.
Catering kitchen which is spacious, has quarry tiled floor and a comprehensive range of stainless steel equipment. Preparation room. Sweet room. General store and a refrigerated beer store.
Owners accommodation
At first floor level with three bedrooms (two double, one single). Sitting room and a bathroom.
External
To the front and side of the property are customer patios and gardens with part crazy paving and part lawn. This comfortably seats 60 customers.
Forecourt car parking space for two or three vehicles.
The premises have been occupied by tenants and consequently there are no trading figures available.
The business had a good mix of support from the local community, customers driving to the village and the large number of holiday makers in the vicinity during the Summer. The business has also been home to skittle, darts and pool teams.
Our client is looking for an experienced operator looking to continue Ye Olde Globe Inn as a traditional community pub.
Leasehold £7,500 to include fixtures and fittings
term: For a term of seven years
landlord & tenant act 1954: Inside Part II of the Landlord & Tenant Act 1954
assignability: Fully assignable subject to Landlord’s consent. Such approval not to be unreasonably withheld
deposit: The successful applicant will be required to lodge with the freeholder a deposit of one quarter's rent in advance
rent: Annual rent paid monthly in advance
Year 1: £20,000
Year 2: £21,000
Year 3: £22,000
rent review: Subject to rent reviews every third year of the term
repair liability: Full repairing and insuring lease agreement
tie: Free of all trade ties
insurance: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: Please note that VAT will be payable on the Premium and rental payments
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