The Rose and Crown, a traditional country inn and destination pub in the Mid-Devon village of Sandford, has been sold to local business people.
The new owners are Arthur and Jeanette Newton and Gillian Conibear.
The property dates back to the 16th century and retains much of its original character despite being rebuilt in 1920 after a devastating fire.
Sandford is a semi-rural village just four miles from Crediton and 11 miles from Exeter.
Facilities include a 30-seat main bar with a games area, a separate 24-seat restaurant and four-bedroom accommodation for the owners. Outside, the pub offers lawned gardens, a skittle alley/function room and off-road parking.
The business, which enjoys all-year trade, has an annual turnover of £100,770 of which 85% were wet sales, while the remaining 15% derived from food.
Stonesmith of Exeter sold the freehold off a guide price of £415,000 on behalf of Basil and Mary Nunn and their daughter Sarah.
By Angela Frewin