Substantial Grade II Listed town centre freehold
A former town centre wet led pub, The Ship Inn at Kingsbridge has recently been sold by Stonesmith, and joint agents Alder King, off an asking price of £415,000.
Acting for the administrators, Nigel Morison and Alistair Wardell of Grant Thornton UK LLP, the property was sold to Yelverton Properties Ltd, who have let the ground floor to Costa Coffee, and are developing the upper floors into residential accommodation.
The property is a substantial end of terrace building arranged over 3 floors with modern 2 storey rear extension. The ground floor open plan bar was arranged in 3 areas providing covers for 70 plus with customer welfare facilities, cellars etc. At first floor, there was a 40 cover restaurant/function room, and catering kitchen. A 2 bedroom owner’s/managers flat was arranged at second floor level. There was also a useful external courtyard which provided seating for a further 20/25 customers.
Kingsbridge itself is a popular South Devon town providing a range of everyday facilities, attracting high visitor numbers with easy access to Start and Bigbury Bays, Kingsbridge Estuary and other well known coastal towns including Dartmouth, Salcombe etc.
The Ship occupies a prominent position in the heart of Kingsbridge being convenient for shoppers and visitors. National retailers close by include Peacocks, Boots, McColls, Barclays and the Post Office, whilst the property is opposite the main shoppers car park with the Tourist Information Centre located at the head of the Quay, which is extremely busy throughout the holiday season.