The Abbots Way Bar & Grill, Southway Drive, Plymouth, Devon, PL6 6QW

The Abbots Way is a detached two storey building of brick construction under a pitched tiled roof with part coloured rendering and extensive single storey addition to the front.

Set in it's own 2/3 acre grounds incorporating outside trade space including a children's play area and tarmac car parking for over 30 vehicles.

The freehold interest is currently being offered as a freehold investment with an incumbent lessee in place, under a five year lease, which commenced in July 2022 and currently paying an annual rent of £40,000 per annum. The lessee is a multi site operator within Plymouth and has several units currently trading very successfully.

The location and size of grounds is highly conducive to an alternative residential or commercial scheme, subject to the usual Local Authority planning consents.

The Abbots Way is located five miles north of Plymouth town centre, on Southway Drive, within a well established and mixed commercial/ densely populated residential area. The main road that divides the Southway Estate and Longstone and Pendeen Crescent to the south.

The A38 and M5 are both within easy reach for customer flow and Plymouth station is located just over five miles away.

The ground floor comprises of two good sized trading areas with bar serveries. The main lounge bar provides large standing drinking space in addition to a large dining area.
The public bar consists of a games area and bar servery in addition to seating areas.

Additional Areas
Ladies, Gents & Disabled WC's
Commercial kitchen
Ground level beer cellar & bottle store

We understand this property has elected for VAT. It is anticipated however that the sale with be dealt with as a Trading Going Concern (TOGC) and therefore will be exempt from VAT.

Large beer garden and patio area
Tarmac car park (30+ spaces)
Children's play area with play equipment

Arranged on the first floor and consisting of 3 bedrooms, bathroom and lounge.

As previously mentioned, at present the property is being offered for sale as a freehold investment with an incumbent lessee in place, under a five year "free of tie" lease, which commenced in July 2022. The current lessee pays a rent of £40,000 per annum. The lessee is a successful multiple pub operator within the general Plymouth area.

We understand the pub operates Monday-Thursday 10am to 12.30pm, Friday-Saturday 10am to 2am and Sunday 10am to 11.30pm.

Freehold - Subject to a 5 year free of tie lease from 11th July 2022. Internally repairing only. Outside of Landlord and Tenant 1954 Act. Current passing rent is £40,000 per annum.

The Abbots Way is no longer on the Ratings list.

Premises Licence.