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17th-Century Coaching Inn Sale Seals Future Success

17th-Century Coaching Inn Sale Seals Future Success

Posted: Wednesday 21 November 2018

Popular leisure and tourism properties and businesses across the region remain in high demand as appetite to buy and invest in the sector increases. Continuing this trend, a 17th Century coaching inn just outside Plymouth is the latest to benefit from new ownership.

Across Devon, the upturn in sales of traditional country pubs has proved they’re sought after properties. Rather than boarded up pubs or chain brands coming in, buyers, together with the local community, want to see our pubs survive and prosper. And The George Inn, a 17th-century coaching inn in Plympton, has been purchased to ensure its trading success continues.

Situated just 5 miles from Plymouth’s city centre, the 3-storey George Inn sits along the main route through Plympton and is one of the most popular pubs in the area. With a good mix of visitors and loyal locals taking advantage of its bar, restaurant, and congeniality, it provides a consistently healthy turnover and robust profits.

As you might expect from an inn of this age, the property retains many of its original features but has a modern twist running throughout, following a quality refurbishment several years ago. The George now comprises a lounge bar, restaurant for 48 covers and a function room with central bar servery, all featuring a mix of stripped wood and flagstone floors, part wood panelled walls and open fireplaces. 

And with spacious owner’s accommodation consisting of lounge, office, family bathroom, and three double bedrooms, The George offers everything a new buyer would need to hit the ground running.

With everything in place, The George couldn’t fail to win over potential buyers, with the leasehold selling off an asking price of £75,000. Though the successful bidders are first time operators, their experience in the trade bodes well for an effective transition and continued prosperity for The George.

With a gusto that will see them living onsite and immersing themselves into the daily running of the business, bigger plans are also afoot. Further investment into the building itself, while re-energising their food menus and drinks offerings should see The George flourish for locals and visitors alike for the foreseeable future.

Jon Clyne, Director at Charles Darrow commented: “With all the negative media attention the leisure market has been receiving, we are still seeing much appetite for profitable, good condition public houses and this is another example of such. The purchasers, Gareth & Nina Hughes-Williams have exciting plans, which include fresh, daily specials and investment in the property”.