Local buyer for Paignton inn

29 August 2008 by
Local buyer for Paignton inn

The leasehold on the Lime Tree, a popular inn close to the town centre of the busy South Devon resort of Paignton, has been sold to local businessman Alan Grant.

The community-focused, wet-led pub sits on the Dartmouth Road behind one of resort's main thoroughfares.

It offers a large, open-plan character bar that can seat up to 100 customers and includes a servery, a stage for live bands and entertainers, a pool table and a darts board.

Facilities also include a function room and extensive first-floor, six-bedroom private accommodation that could be converted to letting rooms.

The pub achieved sales of £420,000 (excluding VAT) in the year to October 2007.

Bettesworths of Torquay sold the Scottish & Newcastle three-year rolling lease/franchise off an asking price of £89,950 with annual rent of £46,000. They acted on behalf of previous leaseholders Terry and Christine McCartney.

By Angela Frewin

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking