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SOLD: The Holly Tree, Exmouth, Devon

SOLD: The Holly Tree, Exmouth, Devon - 23rd November 2018

HIGH TURNOVER CHARACTER COMMUNITY PUB IN EAST DEVON COASTAL TOWN
THE HOLLY TREE, WITHYCOMBE VILLAGE ROAD, EXMOUTH, EX8 3AN

Stonesmith are delighted to have sold The Holly Tree, a character community pub in the heart of the Exmouth. The Holly Tree is situated on Withycombe Village Road in a residential suburb of this popular East Devon coastal resort town. Exmouth is situated on the Jurassic Coast, a recently designated World Heritage Site. It is also a dormitory town for Exeter, and has a resident population of over 35,000, although this increases substantially during the summer season. Exmouth’s sandy beach has long been a well-regarded tourist destination and the Cathedral City of Exeter is approximately 8 miles north west.

The Holly Tree is a substantial detached purpose-built public house which has been extensively refurbished over recent years. This extremely popular community pub briefly comprises of a large open plan character Bar Area, Dining Room, Snug Bar, Kitchen, Function Room, plus a substantial family sized 5 Bedroom Owners Accommodation, large Car Park, lawned Trade Beer Garden and Patio Areas.

The Holly Tree trades as a popular community pub providing quality cask conditioned ales in a convivial atmosphere. It is extremely well regarded locally and consequently enjoys a popular and regular year-round trade which shows little seasonal fluctuation. The Holly Tree is home to 5 darts teams, a pool team, and a good number of groups and societies hold regular meetings in the pub. There is also a popular weekly quiz night.

The business was bought by Nigel and Katrina McLean. Mike Phillips, Director of selling agents Stonesmith said:

“The sale of The Holly Tree follows on from the sale by Stonesmith of The Country House Inn in Exmouth in the summer. The sales confirm that there is still demand for both tied and free of tie pubs throughout the Westcountry.”

The leasehold property was sold off an asking price of £79,950. For further information please call Stonesmith on 01392 201262.

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Thank you so much for the speed in which you sold our business, should be in the record books, sale agreed in less than 24 hours. Mike and Joan you are a great team, thanks again, we will always recommend Stonesmith's

Sandra & Graham Greenway - Former Owner's New Inn, Sampford Courtenay