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The Caterer

Cornish purchaser for popular East Devon inn

30 November 2006
Cornish purchaser for popular East Devon inn

A private buyer from Truro, Cornwall, has bought the King's Arms Inn at Stockland, which is one of the most popular destination pubs in the area.

The Grade I-listed property, which dates back to 1600, is a thatched, whitewashed stone and cob building set in large grounds within a conservation area in the Blackdown Hills.

It retains a number of period features such as flagstone flooring, open fireplaces and exposed ceiling beams.

The business has built up a strong reputation for good food, real ales and live music and is listed in the 2006 Good Food Guide and Which? Pub Guide.

Beer and food account for 45% of sales each while the three en-suite letting bedrooms (which carry a four AA star rating) account for the remaining 10%.
The inn can seat 86 customers across its main restaurant, Farmer's Bar and Cotley restaurant, plus another 40 in the skittle alley/function room.

The property includes two-bedroom owners' accommodation and both trade and private gardens.

The Exeter office of Christie + Co sold the freehold off an asking price of £1.1m on behalf of Heinz Kiefer and Paul Divani, who have owned the inn for 19 years.

By Angela Frewin

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