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SOLD: Cafe & Restaurant, Princetown, Dartmoor

SOLD: Cafe & Restaurant, Princetown, Dartmoor - 20th September 2017

SOLD – SUBSTANTIAL CAFÉ/RESTAURANT IN HISTORIC DARTMOOR TOWN

Property specialists Stonesmith have recently sold Lords Cafe & Restaurant, situated in a prominent trading position in the heart of the famous and historic moorland town of Princetown. Dartmoor Prison, a major tourist attraction, is located within the town, which is completely surrounded by the rugged beauty of Dartmoor and attracts over six million visitors each year.

Lords Cafe & Restaurant occupies a substantial position in the town, with a large owner’s apartment and customer car park. Traded as an established and well known cafe, restaurant and tea rooms prior to its closure in early 2015, the premises have been comprehensively renovated and refurbished. Benefitting from a lucrative and prominent trading position in the centre of Princetown, the business is ideally placed to cater for both local trade as well as the thousands of tourists who visit Dartmoor throughout the year.

The freehold is owned by the Duchy of Cornwall, and the business has been sold by way of a newly created lease. The premises comprise of an extremely spacious cafe and restaurant area providing dining space for 150 plus customers; a well equipped commercial catering kitchen with ancillary and welfare facilities; and a self-contained family sized three double bedroom apartment. Externally to the rear is a large car park with space for around 20 cars and up to 10 coaches.

New owner, Jayne Plant, has now reopened the café, under the new name of “Jayne’s at Princetown”. Stonesmith wishes her every success with her new business.

The business was sold for an undisclosed amount, off an asking price of £30,000.

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Thank you Mike and Joan for everything you have done for us in the sale of Wellington Farm. We truly appreciate all of your efforts on our behalf.

Ian Attwell and Alan Candy - Former owners of Wellington Farm B&B and Tea Gardens