SUBSTANTIAL CHARACTER TOWN CENTRE COACHING INN IN DEVON MARKET TOWN WITH 11 ENSUITE LETTING BEDROOMS
THE COACHING INN, QUEEN STREET, SOUTH MOLTON, DEVON, EX36 3BJ
FREEHOLD: £750,000
Property specialists Stonesmith are marketing the sale of The Coaching Inn, a substantial and deceptively spacious character town centre inn, occupying a prominent trading position. This impressive multifaceted property is a popular and well regarded town freehouse and restaurant with extensive function facilities and letting bedrooms. The business retains many character features and comes fully equipped with an extensive inventory of quality fixtures and fittings. The business briefly comprises:- character interconnecting open plan Main Bar and Games Room Areas with heavily beamed ceilings (60+), Restaurant and Carvery Restaurant Areas (70+), substantial Function Room with Bar and WC’s (300), 11 Ensuite Letting Bedrooms, extremely well equipped Commercial Catering Kitchen with Ancillary Facilities, and a spacious Family Sized 3 Double Bedroom Owner’s Apartment with generously proportioned Sitting Room, Kitchen, Office and a Private Owner’s Roof Terrace Area. Externally, to the rear is a Customer Car Park for around 30 vehicles, Covered Seating Area (12) and various useful Outbuildings including a Garage.
The Coaching Inn occupies a prominent position in the town of South Molton, which lies to the south western boundary of Exmoor National Park. A gateway to Exmoor, the town is a typical Devon market town with a traditional town square and a strong local economy thanks to the various national and international companies based in the area, as well as numerous local businesses. South Molton is an ideal base in which to explore Exmoor and Dartmoor as well as the North Devon coast with its excellent sandy beaches at Saunton, Puttsborough, and Woolacombe and delightful cliff walks is also within easy driving distance. The North Devon link road (A361) gives good access to the M5 motorway at junction 27 with intercity rail connections to London Paddington from Tiverton Parkway.
The Coaching Inn has been owned by our clients for 13 years and benefits from a strong year round local trade and excellent levels of regular repeat custom. The business enjoys a prominent town centre trading position and the business regularly attracts visitors for both business and pleasure purposes. The popular bar and restaurant benefit from an excellent local following and the business is home to various local groups and clubs, as well as being the premier venue in town for parties and private functions. The inn also boasts a popular Sunday carvery and the business has been accredited 3 Star Inn status by the AA.
The freehold business is on the market for £750,000. Full property details are available from the website www.stonesmith.co.uk and viewings arranged by calling 01392 201262.
