Are you looking to let a pub in Devon ? Why not run The Drewe Arms Drewsteignton as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Drewe Arms is Now Available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Let A Pub In Devon – Run The Drewe Arms Drewsteighton !
The Drewe Arms Drewsteignton is a substantial two-storey thatched listed building, with a painted render finish, extensions to the rear and with further out buildings within the grounds. The property retains its charm and character, with flagstone floors, low ceilings, wooden beams and exposed stone walls. The pub is traditionally decorated throughout and comprises a mixture of loose and fixed wooden seating, accommodating up to 200 covers throughout the pubs many areas. There are two en-suite letting rooms that are in great condition.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Let A Pub In Devon – Run The Drewe Arms Drewsteighton !
Indoor trading area at Drewe Arms Drewsteignton
The internal trading area is substantial with the main bar area on the left hand side as you enter through the main entrance. There are three dining rooms seating 65 covers in total, all full of character with painted stone walls, low ceilings and exposed wooden beams. The function room has its own bar and toilets and will comfortably accommodate approx. 100 diners and is licensed for 250 people. The pub is served by a good sized, fully fitted trade kitchen. The letting accommodation comprises two double, en-suite rooms with four-poster beds and tea and coffee making facilities. There is also a further building to the rear of the pub which consists of five separate rooms with 20 bunk beds in total and includes shower and bathroom facilities.
Outdoor trading area
To the rear of the property and adjacent to the function room, is a central courtyard with banqueting furniture, which has previously been used for weddings and ceremonies. There is also an attractive beer garden which can accommodate up to a further 120 covers, with views across the surrounding countryside and a car park with space for 20 vehicles.
Your living accommodation at Drewe Arms Drewsteignton
The private accommodation comprises three double bedrooms, a lounge, dining room, kitchen, bathroom, landing office and a laundry room.
Surrounding area
Drewsteignton is a pretty village located in Dartmoor National Park, above the Upper Teign Valley. The village is renowned as a base for glorious walks and is within a mile of local attractions, Fingle Bridge and Castle Drago. The Drewe Arms is conveniently situated on the village square next to the church and the post office.
Local competition
- Fingle Bridge Inn,Fingle Bridge, Exeter, EX6 6PW (0.7 mi)
- Mill End Hotel,Sandy Park, Newton Abbot, TQ13 8JN (1.7 mi)
- Sandy Park Inn,Sandy Park, Newton Abbot, TQ13 8JW (1.8 mi)
- Mulberry,, Exeter, EX6 6JH (2.7 mi)
- Old Thatch Inn,, Exeter, EX6 6JH (2.7 mi)
Potential Turnover
£279,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Introductory Rent: £10,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND F
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £24,000.00 per annum.
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£14,500.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £10,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£15,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£19,000
Let A Pub In Devon – Run The Drewe Arms Drewsteighton !
The Drewe Arms is a fantastic business with significant scope to be developed as a food destination venue with the additional revenue of letting accommodation. This pub requires an experienced publican with a background in food and community pubs and will have proven marketing skills. Currently closed, this pub is a blank canvas for the new publican and has the facilities to offer everything from good food and ales to community activities. Experience in managing busy seasonal trade is advantageous.
Alan, Regional Manager
