The Famous Old Barrel

The Famous Old Barrel is a detached freehold public house within a short walk of Exmouth town centre. It is a well known venue, in need of investment.

Exmouth is a popular East Devon coastal town situated at the start of the Jurassic Coast and lying approximately 12 miles South East of Exeter, with a population of approximately 35,000.

The property is located on the corner of the London Hotel Car Park, a surface car park, close to the the town centre on Princes Street.

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Two seperate entrances from the beer garden to open plan public bar and pool room. Long bar servery with stage area to one end. Space for c40 covers. Customer WCs. Store room. Back of bar access to beer cellar leading to store room with rear delivery access.

Internal stair and two external stairs to first floor which provides for lounge, three bedrooms, private kitchen, two bathrooms and a WC. Bedroom 4/2nd lounge through to former kitchen. Former trade kitchen. The first floor may suit as two independent flats, subject to satisfactory planning and fire compliance.

*Adjoining the venue there is a patio beer garden that has been used for many years but is currently on unregistered land. Our client has started the process for possessory title and this will be expedited during the sale process. The site size quoted currently excludes this area.

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £19,000. There are current concessions on rates payable for hospitality venues and 75% reduction until March 2025 (40% until March 2027). Council tax band B.

We understand that mains electricity, gas, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

C(52)

Each party to be responsible for their own legal fees in relation to this transaction.

The property is opted to tax and VAT is payable in addition on 90% of the purchase price.