26 Bedroom Hotel In Devon Resort
Price:
Freehold - £935,000
Preferred Commercial is delighted to offer for sale this impressive three-storey detached property, set in its own grounds, with breathtaking views over Lyme Bay. The original building is estimated to have been built circa 1800, with a number of later additions to the southern and western elevations. The property has traded as a hotel for the past 50 years and has been in our clients hands for the past 2 years. It is only now being placed on the market due to family commitments. The hotel boasts 26 letting bedrooms, all en-suites with TV, coffee and tea making facilities. The hotel further benefits from a 3-bedroom owners apartment to the ground floor, as well as a 2-bedroom staff flat, set out over the first and second floors with a separate lounge that could be used for letting. The residents lounge has breathtaking views over Lyme Bay. The restaurant and conservatory benefits from 60 covers and opens on to the garden and lawn area, making it ideal for functions. Due to our clients ill health, they are only part way through the initial business plan that they had when they purchased this impressive hotel, and a new owner could greatly build upon this very well established and sought after business that can only be fully appreciated via internal viewing. Our clients offer swimming clubs for their indoor pool, which has proven very popular. Any buyer will inherit a considerable booking register and our clients have informed us that the recent drive for functions could produce still greater income. Currently the business trades for only 44 weeks per year and has a weekly turnover of £4,863 achieving a gross profit of 87.3%. Seldom do businesses of this quality come to the open market and early discussions with Preferred Commercial are strongly recommended.
Norcliffe Hotel is located in an elevated position in Babbacombe Downs, in Torquay. Torquay and the surrounding area of Torbay are very popular tourist destinations. It is also a popular retirement area. Torquay is situated 20 miles from the M5 motorway via the A380 and has a main line railway station connected to London Paddington, with the nearest international airports at Exeter and Plymouth. The hotel enjoys an excellent position, offering breathtaking and panoramic views over surrounding Lyme Bay.
26 ensuite letting rooms. 3 bedroom owners ground floor apartment. 2 bedroom staff flat with scope for further letting accommodation.
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