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FOR SALE: Prince of Wales, Tavistock Road, Princetown

FOR SALE: Prince of Wales, Tavistock Road, Princetown - 27th June 2018

SUBSTANTIAL CHARACTER DARTMOOR VILLAGE INN WITH 3 EN SUITE LETTING BEDROOMS & QUALITY BUNK HOUSE SLEEPING 21

THE PRINCE OF WALES, TAVISTOCK ROAD, PRINCETOWN, DEVON, PL20 6QF
LEASEHOLD: 99,000

The Prince of Wales, a substantial and characterful village inn, is being offered for sale by licensed property specialists Stonesmith of Exeter.

The inn is a traditional moorland village inn with origins reputedly dating back to around 1860, occupying a prominent landmark position in the centre of the famous moorland village of Princetown. Dartmoor Prison is located within the village, which has over the years has become one of the most visited tourist haunts in Devon, being particularly popular with coach tours and proven to be a valuable stop off point for lunches, refreshments and sightseeing. Princetown is situated on the B3212 Yelverton to Exeter Road, at the junction with the B3357 Ashburton to Tavistock road, with the major South Devon city of Plymouth some 12 miles to the South. The picturesque village is completely surrounded by the rugged beauty of Dartmoor and attracts over 6 million visitors each year. Princetown is an ideal centre for touring and also has its own well-established community supporting a number of businesses and its own primary school.

The Prince of Wales has all the necessary attributes for a successful business with a large Character Bar, separate Restaurant/Function Room, Games Room and Commercial Kitchen. There are also 3 en-suite Letting Bedrooms, a separate purpose designed Bunk House Building sleeping up to 21 guests with Communal Lounge and Kitchen Areas, and an Owners Private Apartment which currently comprises 2 Double Bedrooms, Lounge, Kitchen, Office and a further 4 Attic Rooms. Externally to the rear is a private Car Park with around 14 spaces and a small Patio Seating Area.

The Prince of Wales is well supported by locals with a good regular food and wet trade, and also benefits from tourists visiting the area year-round, but in particular at weekends and during the busy summer months. Owned and operated by our client for 13 years, the inn benefits from a popular purpose created bunk house which was completed in August 2011. This provides high quality budget/hostel type accommodation the type of which is extremely popular with people undertaking outdoor pursuits on the moor and this area of the business has seen a continued growth in popularity year on year since its introduction. Our client advises us that the business still offers genuine potential to develop all aspects of the trade still further and for future growth in trade levels.

The free of tie leasehold property is for sale for an asking price of 99,000. Full property details are available from the website www.stonesmith.co.uk and viewings arranged by calling 01392 201262.

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Thank you to Stonesmith, you made selling our brewery very easy and virtually stressfree!

Geoff Mann - Former owner of Gidley's Brewery, Christow