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17th Century country freeehouse only 4 miles from Exeter
Substantial property with 2 sets of owner's accommodation
2 beautifully presented interlinking trade areas circa 64 covers
Small shop, outbuildings and storage space
Trading quietly with further potential for new ownership
LOCATIONSituated on a main road in a stunning rural location, the Lamb Inn is situated just 7 miles from Exeter city centre, making this a popular destination pub [popular with locals and tourist alike. DESCRIPTIONThe Lamb Inn is traditionally built of stone and render. The In has been tastefully extended retaining many of the original features. The original building is over 200 years old and has been trading since the 1700's. The pub forms the heart of the local community. The business also offers a small indoor shop where the owners sell fresh products that themselves use within the restaurant which is becoming more and more popular.
Main trade area
A light and airy, spacious traditional trading space which is divided into two distinct areas although interconnecting. Feature centrally positioned oak bar servery with fireplaces with wood burner on both sides. Seating for a total of 64 at a mix of upholstered high backed dining chairs and traditional upholstered timber chairs with circular and oblong tables. Carpeted throughout.
Becoming more and more popular with the customers, the shop offers fresh products that are used within the restaurant.
Ladies & gents cloakrooms
Situated to the rear of the property.
Fully equipped with an extensive range of commercial catering equipment.
Situated across from the main building housing the temperature controlled beer cellar and separate store.
Outside trade patio
Enclosed area with traditional pub benches.
Lawned and fully enclosed with elevated countryside views.
With 2 access points and accommodating 40 + vehicles to the rear and side of the property.
Flat 1 Own entrance and located to the left hand side of the entrance hall.
Open plan living /dining room
With fitted beech wall and base domestic kitchen units. Electric cooking facilities.
To the rear. Carpeted, with stunning countryside views.
White bathroom suite with semi-circular shower, chrome towel heater radiator.
With storage cupboard currently housing a freezer and vented tumble dryer.A doorway gives access onto the rear roof section used as a private outside space. A staircase leads into the private garden at the rear.
Flat 2 open plan dining/kitchen AREABeech fitted wall and base units with black laminated worktops. Electric cooking facilities.
Separated from living/dining area by a divider. Feature fireplace with electric fire.
White bathroom suite with semi-circular shower. Partly tiled with chrome towel heater radiator.
Separate open area housing washing machine and tumble dryer.The 2 flats share the same heating system which is separate from the main pub, both have their own separate electricity meters.
2017 List £11,200. This is not rates payable. Council Tax B for the Front Flat, Council Tax A for the rear flat. For further information we advise you contact the local authority, Exeter City Council, .
The Lamb is a popular Country Freehouse which is known for its welcoming atmosphere, real ales and great selection of English dishes using locally sourced ingredients. The business is managed by the owners with the assistance of 1 full time and 6 part time/casual staff. The Lamb Inn opens Tuesday to Saturday from midday to 2:30pm and 6pm until close and Sundays, 10am to 3:30pm, closing on Sunday evenings and all day Mondays. (the premises are licensed from 7:30am until 1:30am).The Lamb has a strong reputation for home cooked and locally sourced meals which are well priced and freshly prepared. The business has a 70/30 dry/wet split. The income and hours are restricted by the owners to suit their lifestyle who choose to close for holidays each year. However this could be changed under new ownership with genuine scope to increase revenue. Turnover for year end 2016 was £186,000 ex VAT although sales were down slightly on the previous year due to owners closing the pub for nearly 4 weeks. Previously the business has achieved a turnover in excess of £250,000 ex VAT.
Currently held on a fully repairing and insuring free of tie lease with 6 years unexpired at a current rental of £20,400 pa. A fully protected and renewable lease.
We are informed the premises are connected to all mains services
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects. Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.
For more information about this property, please contact Bettesworths, TQ1 on +44 1803 268798 * (local rate)
Contact Bettesworths about this property
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