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High turnover Exmouth community pub changes hands

The Holly Tree, a character community pub in the heart of the Exmouth, has sold through Stonesmith off an asking price of £79,950 for the leasehold.

The pub, which is situated in a residential suburb of this popular East Devon coastal resort town, has been extensively refurbished over recent years. It features a main bar, dining room, snug bar, function room, large car park, and beer garden. There is also a 5-bed flat for the leaseholders.

The Holly Tree trades as a popular community pub providing quality cask conditioned ales in a convivial atmosphere. It is extremely well regarded locally and consequently enjoys regular year-round trade, which shows little seasonal fluctuation. It's home to five darts teams, a pool team, and a good number of groups and societies hold regular meetings in the pub. There is also a popular weekly quiz night.

The business was bought by Nigel and Katrina McLean. Mike Phillips, Director of selling agents Stonesmith said, “The sale of The Holly Tree follows on from the sale by Stonesmith of The Country House Inn in Exmouth in the summer. The sales confirm that there is still demand for both tied and free of tie pubs throughout the Westcountry.”