Bed & Breakfasts for sale in Devon

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S Martin (Feb 2013)
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Leasehold Price: £50,000
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Business Description
At present not utilised as a Hotel, at present used as a house party venue, however, in our opinion offering tremendous potential for development in the right hands.

Car Park for approximately 20 cars

We understand the premises have a Full On Licence

ENTRANCE to SPACIOUS LOUNGE fully fitted including 2 ovens, upright fridge, upright deep freeze, washing machine, dishwasher.

Large Breakfast Room seating 12/15 persons

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

3 Large family bedrooms, 2 with en suite shower room with shower, w.c. and wash hand basin whilst the 3rd bedroom has an en suite bathroom with bath, shower over bath, w.c. and wash hand basin

First Floor

1 Double bedroom with en suite shower room with shower, w.c. and wash hand basin
1 Additional bedroom with at present 2 bunk beds, en suite shower room with shower, w.c. and wash hand basin
1 Family bedroom with double plus 1 single bed, en suite shower room with shower, w.c. and wash hand basin
1 Family bedroom with 2 double beds, 1 single bed, en suite bathroom with bath, shower, over bath, w.c. and wash hand basin
1 Family bedroom with1 double and 1 single bed, en suite bathroom with bath, shower over bath, w.c. and wash hand basin
1 Additional family bedroom with 1 double plus 1 bunk bed, en suite shower room with shower, w.c. and wash hand basin

Second Floor
2 Additional family bedrooms each with 1 double bed plus 2 single beds and each with en suite shower room with shower, w.c. and wash hand basin

All the bedrooms are fully carpeted and fully furnished

Lower Ground Floor

Games Room with pool table and dart board.

Turnover : The vendor acquired the site approximatey 6 years ago and intended to demolish the building and erect a new build, combined apartment and hotel scheme. Having obtained the planning permission the scheme was aborted due to the recession and in the autumn of 2009 the vendor decided to refurbish the building which had been empty since he acquired it. Having completed the refurbishment 'The Hope Cove' opened as an exclusive use Party Venue in September, 2010. Bookings for the venue are generated through the vendors business www.classiccountryhouses.com and a commission arrangement is in place. The vendor is happy to continue marketing 'The Hope Cove' under a commission arrangement, should the purchaser be interested in continuing this relationship.

PREMIUM REQUIRED FOR THE NEW LEASE, FIXTURES, FITTINGS & FURNISHINGS £50,000 subject to contract
Loan possible to an approved applicant
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Tenure: Leasehold

Number of bedrooms: 11

Accommodation Details:

Large area with decking and hot tub.

Parking for approximately 20 cars.

Location Details:

Outstanding position overlooking the bay, SOUTH DEVON

Listed by: Nationwide Businesses Ltd
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