A traditional 18th century thatched inn and restaurant in the heart of the Devon countryside has been sold to new owners by commercial property adviser GVA Hotels and Leisure, on behalf of the LPA Receivers R Belcher and R Goode.
Paul Parnell, owner and landlord of the hugely successful Jack in the Green pub and restaurant at Rockbeare has acquired the lease to run the Five Bells Inn at Clyst Hydon in Cullompton through an arrangement with Exeter-based property consultants Grenadier Estates. It will reopen in the summer following an extensive refurbishment.
Set in a 3 acre site, the freehold pub, which is Grade II listed, is situated around 10 miles to the south west of Exeter. The original building is believed to date back to the 18th century with later extensions which include a series of single storey outbuildings. The property benefits from a lawned beer garden and a large customer car park.
Mr Parnell says, “We have just celebrated 20 years at the Jack in the Green and I’m looking forward to expanding our success across Devon with this exciting new venture. The Five Bells Inn will focus on delivering exceptional hospitality, serving local beers and cider with traditional good value pub grub served in a warm and welcoming atmosphere.”
Charles Kaminaris, associate at GVA Hotels and Leisure says, “This is an extremely attractive public house that has been the focus of a campaign by the local community keen to see it retained as a pub. We are pleased that this successful sale on behalf of the LPA Receivers represents the outcome they hoped for.
“It demonstrates that there continues to be demand for public houses that are situated in the right location and with the right offer.”
The purchase price is undisclosed.
