7/9/2019 | Hotels

Unique East Devon business opportunity comes to the market

Specialist business property adviser, Christie & Co and joint agents, Savills have brought to the market Glebe Farm, a unique hospitality business opportunity set in the heart of the Devonshire countryside.

Glebe Farm is thought to date back to the late 17th century and was originally built as a vicarage. The Grade II listed building is now a beautifully presented character property, which has undergone an extensive and sympathetic refurbishment and development programme in recent years, and now comprises a considerable hospitality business with income potential, in addition to family accommodation.

The recently converted barn includes a large function room, two reception rooms and seven well appointed en suite bedrooms, along with a fully functional commercial kitchen, three bedroom cottage which is wheelchair accessible and two bedroom cottage, offering an exciting opportunity for a new buyer to create and build a unique business. The barn could be let for holidays as one unit or operated as a B&B. There is also the possibility for a new owner to maximise the large outdoor and indoor spaces for events, such as weddings, yoga retreats, pop up restaurants and arts & crafts weekends.

Glebe Farm is situated just outside the sought after East Devon village of Payhembury, a thriving local community in the unspoilt countryside between Honiton and Exeter. The A30 is readily accessible and provides easy access to the City of Exeter, the M5 motorway, and Exeter International Airport.

Stephen Champion, Associate Director at Christie & Co, is handling the sale and comments, “Glebe Farm presents a truly unique opportunity for a new owner to run a multitude of different businesses from the property, or alternatively it may suit a family looking for a property that provides accommodation for multi-generational living. The barns have not been let since being converted and are ready to begin trading immediately without any further decoration. We have no doubt this property will generate considerable interest from a range of buyers who can see the extensive potential on offer.”

Chris Clifford, Associate Director at Savills Exeter, comments, “Set in a splendid countryside location, with an atmospheric family home packed full of character and a courtyard of beautifully converted barns, Glebe Farm is a hugely appealing proposition. The courtyard buildings are high-quality, flexible and eco-friendly – representing an exciting blank canvass for a lifestyle business.”

Christie & Co is seeking an asking price of £1,400,000 for the freehold interest of Glebe Farm.