Fine & Country

Offers in the region of

£575,000

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Parracombe, Barnstaple, EX31

Fine and country for sale

Fine and Country

Key Features

  • High quality hospitality business within Exmoor National Park
  • 4 Luxuriously appointed en-suite letting bedrooms with the potential for an additional letting bedroom
  • Skittle alley which has potential for conversion to further en-suite rooms, subject to planning permission
  • Self-contained second floor 2 bedroom owner’s apartment
  • Beer garden patio
  • 15 Space car park
  • Successful pub, restaurant and guest house with an excellent reputation
  • Available fully furnished and equipped, subject to trade inventory
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Tony Foster

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Property Description

LOCATION
The Fox & Goose is situated in a busy location in the centre of the village of Parracombe, which is a rural settlement 4 miles (6 km) south-west of Lynton in North Devon.
It is set in the Heddon Valley on Exmoor having a population of around 300, a good school and community general store.
The village is just off the A39 and is the western entry to Exmoor National Park. Popular with tourists and locals alike there is a bus stop just outside the pub and is ideally located for walkers and hikers exploring the dramatic coast and wonderful hidden wooded river valleys.

THE PROPERTY
The Fox and Goose is an imposing Victorian building, with contemporary, stylish interior.
This modern detached village inn has 4 luxuriously appointed en-suite letting bedrooms, each of which is individually decorated in beautiful Farrow and Ball colours.
To the ground floor of the property there are two bar areas, a fully equipped commercial kitchen, freezer room and gents and ladies cloakrooms.
To the second floor is a spacious self-contained 2 bedroom owner’s apartment. There are two further rooms one on the ground floor and one on the first floor which could easily be transformed into two additional bedrooms. The property has oil fired radiator central heating throughout.
Opposite the pub is a level 15 space car park and a single story attached building housing a skittle alley and store which could also be converted to several disabled bedroom suites, subject to any necessary planning consent.
The pub has a beer terrace/patio and adjoins The River Heddon running along the western edges of Exmoor, the river reaches the North Devon coast at Heddon's Mouth.

THE BUSINESS
Under the expert ownership of a couple who have been at The Fox & Goose for 18 years, an enviable reputation has been established. The property presents a wonderful home and income opportunity, having an excellent reputation for food and operates as a Freehouse with 70% trade from food and room letting.
Good locally sourced ingredients are used on the extensive menu. The owner cooks, employs a chef as well as having 2 full time staff and 3 part time staff. A double room is let at £125 per night for bed and breakfast.
The business is rated as Excellent, having a 5 star rating on Trip-Advisor; one recent review says it all: "Wonderful food, friendly local atmosphere, well recommended". The pub has a great deal of support from both tourists and locals in the area.
Turnover circa £245,690 per annum with an adjusted net profit of £110,245, this business is well worthy of your early consideration and has a great deal of potential.

Key Information

Tenure:

Freehold

Council Tax:

A

VIEWING:

Strictly by appointment through the selling agents.

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