Dragon Inn, London Road, Rockbeare, Exeter, Devon EX5 2EN

The Dragon Inn represents a rare opportunity to acquire a substantial freehold former public house and restaurant situated on an extensive site of approx. 1.68 acres, in one of East Devon's principal growth locations.

The property occupies a prominent position in Rockbeare, immediately adjacent to the rapidly expanding Cranbrook new community and within an area that has seen significant residential, commercial and infrastructure investment in recent years.

The property comprises a substantial licensed premises and restaurant extending to approx. 7,078 sq.ft. together with extensive external areas, parking and surrounding land. The scale and configuration of the property, combined with its location and the continuing development of the surrounding area, provide considerable potential for alternative commercial, residential or mixed-use opportunities, subject to the necessary planning consents.

Of particular significance is the amount of development taking place in the immediate vicinity. Cranbrook has developed rapidly in recent years and is now an established new community, with further major expansion planned and underway.

Much of the land surrounding the Dragon Inn is understood to be subject to Planning Application 26/0534/MOUT, an outline planning application, with all matters reserved, for the construction of 140 residential dwellings including affordable housing, public open space and associated infrastructure

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £2,100 inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.