Local buyers Karen Jackson and Gill Hibbit are the new owners of Cowick Barton, a Tudor country inn and restaurant in Exeter.
The Grade II-listed property was built in the late 16th century and served as a private residence for 400 years.
It was converted into a pub 40 years ago and retains a host of period features such as beamed ceilings, decorative plasterwork, mullioned windows, exposed stone walls, inglenook fireplaces, and panelling.
The business, which is just five miles from the A30 and the M5, offers the 60-seat Cowick bar; the Priory bar that can seat 24 customers or 48 meeting-goers theatre-style; the Abbots Room and Restaurant that seats up to 80 guests for weddings and banquets; and the Monks Room, which can accommodate 30 people theatre-style or 20 boardroom-style.
Private accommodation on the first floor comprises one single and three double bedrooms, a living room, an office, a kitchen/diner and a bathroom.
Outside facilities include lawned gardens with tables, a barbecue, a barn, and parking for 40 cars.
Annual turnover, excluding VAT, is in the region of £270,000.
Bettesworths sold the remainder of a 20-year Inntrepreneur lease from Scottish & Newcastle off an asking price of £95,000. Annual rental is £50,000.
By Angela Frewin