A CREDITON pub with planning permission for redevelopment has been sold at auction for £220,000.

The Kings Arms in Park Street was among the lots in the fourth auction of 2022 by the regional land and property auctioneers Clive Emson.

It was sold with the benefit of planning approval for conversion into five homes with two bedrooms each plus outdoor space and cycle stores.

Senior Auction Appraiser Dave Henwood said: “This well-known pub offers its new owner, an established local builder, a number of options.

“It has ample accommodation over three floors, including staff quarters, with potential for continued use as a pub or some similar venture following refurbishment.

“It comes with the benefit of planning permission for residential development which could be followed. Alternatively, another scheme could be considered subject to the necessary consent.”