SUBSTANTIAL CITY CENTRE GUEST HOUSE -Plymouth
Location:
Devon, Plymouth
HIGHLIGHTS:
• BUSY CITY CENTRE GUEST HOUSE - Plymouth
• IDEALLY LOCATED OFF MUTLEY PLAIN
• SUBSTANTIAL PERIOD PROPERTY
• LONG ESTABLISHED TRADE
• SPACIOUS REAR CAR PARK
• FURTHER DEVELOPMENT POTENTIAL
• FINANCE AVAILABLE (SUBJECT TO STATUS)
• VIEWING RECOMMENDED
LOCATION:
The guest house forms part of an attractive terrace of imposing period properties in a very popular road off Mutley Plain, a main thoroughfare linking the immediately adjacent and predominantly wealthy suburbs of Mannamead and Hartley to the city centre. Mutley Plain was developed in late Victorian times as a smart tree lined avenue and was then improved over later years to provide a local shopping place for the neighbourhood. Today there are many bars, café’s and takeaways as well as two small supermarkets serving a large population of students in view of the proximity of the University of Plymouth main campus. Plymouth’s main railway station is also nearby and being little more than ½ mile from the prestigious Drake Circus retail development the area is very popular with residents and guests alike.
BUSINESS:
Long established guest house attracting a wide range of guests emanating from both the commercial and private sectors including regular patronage by diving schools, pharmaceutical locums, a taxi school, BBC studio workers, travelling representatives, contractors and shopfitters as well as parents visiting students at the nearby University.
A functional website advertises the AA 3 star rated guest house accommodation which is currently arranged to provide 10 letting bedrooms (4 family rooms, 2 doubles, 3 twins and one single); 5 incorporating ensuite facilities, one benefiting from adjacent private facilities, 3 rooms being offered with shared facilities and one remaining single room currently used only rarely. The proportions of the property are substantial and considerable potential exists to increase the number of ensuite rooms offered if required.
Each room is offered with colour television, tea and coffee making facilities. A free WIFI connection is also available.
A particular feature of the property is the spacious rear garden and gravelled parking area considered sufficient for up to 6 vehicles which is rarely available in this very central location.
YEARS ESTABLISHED:
The property was acquired by the current owners in 1984 and change of use to a guest house obtained shortly thereafter.
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
The current owners, a husband and wife team, who actually also occupy the neighbouring property, to which the guest house is connected at ground floor and lower ground floor levels, have over the years tended to restrict trading to 10 months of the year to avoid having to register for Vat, but there is demand for an all year round trade and considerable potential to generate additional income.
Current standard tariff for bed and breakfast is £54 per night for an ensuite double, reduced to £40 for single occupation. Evening meals are not currently offered.
Turnover of £38,790 was reported in the year ended 31 May 2010 but has been as high as £57,766 in earlier years.
REASON FOR SALE:
The vendors are now planning to retire.
STAFF:
There are no permanent staff. The owners have tended to arrange assistance on a casual basis as required during the busier periods.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
Imposing double fronted double bay period property of stone construction laid out over 4 floors under a pitched and tiled roof understood to have been replaced c 2000. The property is of substantial proportions and retains many original features believed to date from the late Victorian era, including attractive fireplaces, plaster ceiling roses and coving. The current owners advise that they have sympathetically upgraded the property through the installation of replacement electrical and drainage systems.
An internal viewing is strongly recommended to be able to appreciate fully what the property has to offer and the following represents only a brief summary of the accommodation:
Ground Floor:
• Extra width wooden front door with feature canopy over opening into an entrance porch
• Hallway with stairs to lower ground floor and rising to first floor via a half landing with doors to a toilet and separate shower room (facilities serving bedrooms 8, 9 and 10)
• Doors to:
o Bedroom 1 (family room) with double glazed bay window to front elevation (and interconnecting door to Residents Lounge). Offered with adjacent private facilities on ground floor being a bathroom and separate WC
o Residents Lounge with double glazed window to rear elevation overlooking the garden (and interconnecting door with Bedroom 1)
o Bedroom 2 (family room) with double glazed bay window to front elevation and full ensuite shower facility
o Bedroom 3 (double room) with double glazed window to rear elevation overlooking the garden and full ensuite shower facility
Lower Ground Floor:
• Hallway with door to rear garden and car parking facility
• Doors to:
o Dining Room with double glazed French doors opening onto the rear patio. Arranged to provide up to 20 covers with separate bar servery (currently unused although the Premises Licence remains in place). A wooden door to the rear gives access to a cupboard housing meters and fuse boxes.
o Commercial Kitchen with double glazed window to rear elevation. Fully fitted with range of matching units, 6 burner range, commercial grill, stainless steel sink unit and dishwasher.
o Store Room. A large space (5.2m x 3.7m approx) with potential for a range of uses albeit benefiting from only one small window to the front elevation and thereby being largely reliant upon artificial lighting.
o Further Store Room again with potential for a range of uses
o WC facility
o Cupboard housing gas fired boiler supplying hot water and central heating throughout the property
First Floor:
• Landing with stairs to ground floor via half landing with facilities and rising to second floor
• Doors to:
o Bedroom 4 (family room) with double glazed bay window to rear elevation overlooking the garden with ensuite shower and WC facility
o Bedroom 5 (family room) with double glazed bay window to front elevation with ensuite shower and WC facility
o Bedroom 6 (single room) with double glazed window to front elevation (the vendors advise that this room is used only rarely)
o Bedroom 7 (twin room) with double glazed bay window to front elevation and full ensuite shower facility
o Bedroom 8 (twin room) with double glazed window to rear elevation (offered with shared use of facilities on half landing below)
Second Floor:
• Landing with stairs to first floor
• Doors to:
o Bedroom 9 (twin room) with double glazed window to rear elevation offering a distant sea view (currently offered with shared use of facilities on half landing below first floor)
o Bedroom 10 (small double) with double glazed window to rear elevation offering a distant sea view (currently offered with shared use of facilities on half landing below first floor)
o Attic Room with two Velux type windows to front aspect (currently used only for storage but representing a good amount of space and offering potential for a variety of uses including perhaps provision of separate private facilities for Bedrooms 9 and 10)
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
The present owners also occupy the immediately adjacent property which is currently accessible from the guest house via an interconnecting door in the Residents’ Lounge at ground floor level and from the Dining Room at lower ground floor level. As such they have been able to offer up to 10 letting bedrooms without the need to provide for owner’s accommodation.
The property is of substantial proportions and we feel that there are a range of viable alternative options available for new owners to create suitable owners’ accommodation without materially prejudicing the income earning potential of the business.
We strongly recommend that interested parties request a viewing to be able to fully appreciate the possibilities provided by this attractive period property.
OUTSIDE:
A low wall to the front of the property retains small but attractive flower beds in front of each of the bay windows.
The rear of the property, which is a particular feature, is accessed via a service lane in Hermitage Road. It comprises a gravelled parking area felt to be capable of accommodating up to 6 vehicles together with a spacious garden, mainly laid to lawn, with a patio area immediately outside the dining room at lower ground floor level.
GUIDE PRICE:
Offers in excess of £400,000
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Business Services that may be of Interest:
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