The leasehold on the White Hart, a food-led thatched pub with rooms in Wilmington, Devon, has been sold to local buyers Richard and Margaret Fordyce.
The pub-restaurant, which was rebuilt after a major fire in 2004, has a prominent roadside position A35 mid-way between Honiton and Axminster.
Food accounts for 60% of the pub's annual turnover of around £217,676.
The main bar/restaurant, which can seat up to 60 diners, features a large fireplace, flagstone and quarry flooring, and exposed-beam ceiling. An adjoining reading room with fireplace can provide additional private dining for parties of up to 12.
The three en-suite letting bedrooms, which have a four-star VisitBritain rating, have been named after local families.
Other facilities include three-bedroom owners' accommodation and a first-floor skittle alley.
Outside, the White Hart provides parking for 25 cars, outside seating, an area suitable for a children's play zone and, to the rear, an enclosed private garden and courtyard.
Stonesmith of Exeter sold the 21-year Enterprise Inns lease (which commenced in December 2000) on behalf of Kellie Mannisto off a guide price of £99,950. Rent is currently £36,000 per annum.
By Angela Frewin