Billacombe Road, Plymouth

For Sale
pin Billacombe Road, Plymouth, PL9 7HP
Sold

Overview

Property ID: 21199
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Full Details

We are delighted to offer to the market a staggering opportunity to acquire one of Plymouth's most popular Bar & Restaurants. The award winning venue, has undergone a drastic transformation with the current owners investing circa £600,000 during extensive renovations over the past few years and the site still boasts incomparable potential for further development. The Morley Arms is now proudly one of Devon's most in demand venues due to its infamous combination of high-end dining experience during the day and unparalleled nightlife in the evenings. The venue can comfortably allow for 500 guests at a time and due to its stunning waterside location, is now the place to be for locals and tourists alike. Vast landscaped grounds have allowed for the owners to create further extensive seating areas, both benefitting from their own private bars. Unknown to many, the second floor of The Morley Arms in an expansive five double bedroom apartment, which with planning permission in place for a holiday let could generate close to £100,000 per annum, in addition to the income of the venue itself. Further planning permission has been recently granted for 10 luxurious waterside pods, which would add a VIP edge to this venue unlike any other. Planning consultants have looked favourably at a substantial extension to the side elevation of the premises, which would allow for a 20 potential letting rooms whilst not abstracting anything from the current venue. Full business accounts are available for the venue upon request and all future bookings can be honoured or waivered based on a buyers requirements.

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