Pub/bar for sale in Penrhyn Place, Strand, Shaldon, Teignmouth TQ14

Teignmouth is a well-known and popular seaside resort, situated on the North bank of the estuary of the River Teign where it meets the beautiful South Devon coastline. Teignmouth has a thriving local community which swells considerably during the summer months with the influx of visitors to the area.

The town is well connected via the Shaldon Bridge to Shaldon and on to Torbay. To the North is the cathedral city of Exeter which is approximately a 20 minute drive. Exeter is linked by the airport, train station and M5 to the rest of the country.

An attractive three storey period building situated on Northumberland Place, only a few minutes walk from the seafront and Teignmouth’s back beach.

Main Trading Area

Very well equipped and attractive trading space with central timber fronted and granite topped bar servery. Raised seating area to perimeter with bespoke built timber tables and upholstered bar stools, further seating at timber trestles and tables to side. Tiled floor. 4 Flat screen TVs, raised Pool Table area to rear Swing door through to:-

Commercial Kitchen

Currently unused but fitted with a range of commercial catering equipment.

Disabled W.C.

Outside

Courtyard Area

Accessed through double doors to the rear of the premises with seating for 30 plus. Smoking shelter to one elevation and special outdoor weatherproof flat screen TV to far wall.

Ground Floor Temperature Controlled Area

Accessed via the courtyard.

Main Entrance Lobby

Accessed through back of main trading area with separate entrance to outside. Staircase leading to first floor.

First Floor

Gents Cloakroom

With sensor lighting and finished to a high standard. 3 Urinals, 1 WC with tiled walls and floors.

Ladies Cloakroom

With sensor lighting and finished to a high standard. 2 WC’s, 3 wash hand basins, with tiled walls and floors.

2 Self-Contained Flats

Situated over first and second floors, both currently being refurbished. New uPVC double glazed windows to principal elevation. N.B. These flats have been previously let with strong demand to relet on ASTs.

Flat 1

Living room.

Kitchen.

Bedroom.

Bathroom

Flat 2

Living room.

Kitchen.

Bedroom.

Bathroom

General Information

Rateable Value

2023 List: £19,750. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority, Teignbridge District Council.

Business

The King William IV is a well established and popular bar, situated in a particularly attractive property. The premises have been finished to a very high standard throughout with the benefit of 2 self-contained flats which provide flexible space for occupying or letting. The King William IV is run as a wet led bar, which has a strong local and regular following.

The bar is particularly popular at weekends and is well known as a sports bar showing all the main sporting events throughout the calendar. The ‘King Billy’ is also well frequented with live music gigs and other events. The bar currently opens 4-11pm Mondays to Thursdays, 4-12pm Fridays, 12-12pm Saturdays and 12-10pm Sundays. The premise does also have late license hours, which only one other pub in Teignmouth has.

The operation is run largely under management with limited involvement from the owner. There is therefore genuine scope for an owner occupier to boost the already impressive bottom line profit by extending trading hours and introducing food.

Further trading information will be provided to bona fide interested parties following a formal viewing arranged through the Sole Selling Agents, Bettesworths.

Private Mortgage

Our vendor client is willing to provide a private mortgage for any suitable, interested party, subject to status and lending criteria.

Services

We are advised that all mains services are connected to the premises.

Inventory

To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

Stock

Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

EPC Ratings

King William IV - awaited.
First Floor Flat - D.
Second Floor Flat - awaited.

Viewing

Viewing is highly recommended and can be arranged as prior appointment with the Sole Agents, Bettesworths.