Substantial Double Fronted 14 Bedroom Devon Guest House
Price:
Freehold - £525,000
THE PROPERTY
Dominant double fronted 14 bedroom Guest House situated in Popular South Devon resort, and in an established area with other Guest Houses and Hotels. With accomodation arranged over 3 floors and boasting a delightful lawned garden to front and private small car park to rear. A great opportunity to enhance all aspects of this business.
LOCATION
An established business and being one of the most attractive properties situated in Garfield Road, one of Paignton’s prime letting areas. Paignton forms part of the English Riviera and enjoys a seasonal influx. Garfield Road is host to a range of Guest Houses and Hotels and is popular due to its level trading position being within a few minutes walk to the seafront and Town Centre. South Lodge Guest House is a highly visual trading position in Garfield Road and easily found.
INTERNAL DETAILS
Formerly two properties and converted to one in 1996, with the ground floor boasting spacious trading areas to include, large entrance vestibule hallway, leading into the dual hallways, with staircase rising to first floor, residents lounge, owner’s private lounge with wall mounted television, attractive open plan dining room offering up to 36 covers, with a good range of tables and chairs, modern kitchen advised to be refurbished in April 2008 comprising of a range of matching wall and base units, large double cooker, part tiled walls, double stainless steel sink, door to rear of kitchen leading to a useful utility room arranged over two rooms with further range of wall and base storage units, door into cloakroom, and external door to rear car park. Interconnecting door from utility room into a laundry room with further range of matching wall and base units (previously used as a kitchen).
The ground floor retains 2 guest bedrooms being single rooms, both with the benefit of En Suite facilities. The first floor offers 8 bedrooms being a good mix of double and single bedrooms, with 2 rooms being En Suite and others sharing 2 communal bathrooms and 2 separate w/c’s. 2 of the double rooms also have sea
glimpses. The second floor offers 6 guest bedrooms and one of which is a double room which enjoyed an extension to now include a spacious En Suite bathroom. The other rooms share a communal shower room.
EXTERNAL DETAILS
To the front of the business is well maintained lawned garden with central pathway leading to gated wall. There is a small private car park to the rear approached by a service lane.
OWNERS ACCOMMODATION
The owner’s accommodation is also situated on the second floor and comprises of 2 double rooms.
THE BUSINESS
Our clients purchased the business in 1988 and since purchased the adjoining property to enlarge the existing property to 16 bedrooms (inc owners accommodation). The business is run by our client with the assistance of two part time member of staff. The business is open throughout the year however strictly run to suit our client and her other commitments away from the business. Enormous scope exists to increase occupancy and turnover. Currently, our client advises they have 5 permanent guests that provides a weekly income of approx £1000. We are advised this agreement can be terminated by one months notice. The public tariff is £23pppn inclusive of breakfast, with evening meals offered at an additional £6pp. We are advised that the annual turnover to May 2008 was in the order of £74,000. A viewing is highly recommended.
TENURE
Advised Freehold.
VIEWING ARRANGEMENTS
Strictly through Sole Selling Agents Peninsula Commercial on 0845 555 44 22.
As part of the complete service we offer you, we may contact you shortly to enquire if you would like to arrange a viewing on your requested businesses. Our recommended broker will also contact you shortly to assist you with any commercial mortgage requirements you may have. Please let us know if you would not like to be contacted by our recommended broker.
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