THE AGENTS

Jon Clyne

Christie+Co

Exeter Office

Areas such as Devon, Cornwall and Somerset are still, in the main, considered tourist-orientated by the majority of

purchasers from outside the West Country.

In reality, however, pub operators are producing more interesting concepts to attract more customers, whatever the weather.

Most country pubs have now adapted their businesses to draw custom throughout the year through a focus on good food, real ales and letting accommodation. This ensures

that a strong business is maintained throughout the

colder months.

It also helps that the season has been extended, with walkers, singles and couples going on holiday outside of the summer for a quieter break.

Town, city and resort pubs are also striving to maintain their trade in the "off" season by providing the service that the community wants.

It is certainly fair to say that premium prices are still being achieved for the picturesque country inn, steeped in history and enjoying a scenic location - which largely comes down to desire for the property.

Recent weeks have brought a flurry of new instructions to the market, both corporate and private, including some high-profile and well-known freehouses such as the Nobody Inn in Doddiscombsleigh, near Exeter, which on the market at

£1.6m freehold after 37 years in the same family, and the

Pack o' Cards in Combe Martin, at £1.2m freehold after 10 years in the same family.

The leasehold market has been quieter this year, but the quality units, with reasonable rents, have still proved popular.

An increasing number of buyers are having to turn to the leasehold market to find the right business due to the lack of freeholds on the market.

The increased demand and competition from pubcos, emerging groups and investors has resulted in prices being pushed upwards. The free-of-tie leases are particularly in demand, along with partial ties with letting rooms and food potential.