The Caterer

Late-night Devonshire pub sells for £500,000

03 November 2005
Late-night Devonshire pub sells for £500,000

Porters Blacks, one of the leading pubs on the late-night circuit in the South Devon market town of Newton Abbot, has been sold for close to the asking price of £500,000.

The three-storey property in Market Street has a ground floor bar, offices on the first floor and a second manager's flat, along with an enclosed beer garden.

The Exeter office of property agent Christie & Co handled the sale of the freehold to Gould Brothers Ltd, which owns five late-night pubs and clubs in Exeter and North Devon.

Previous owner CI Traders Estates had been running the property as a wet-led pub with a public entertainment licence.

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