Substantial 21 Bedroom Guest House / Residential Investment

Price:

Freehold - £625,000

Seller Ref:

1415

Location:

Devon, St Thomas, Exeter

Business Type:

Commercial Property, Hotels

See Other:

Guest houses for sale in Devon
Development sites for sale in Devon
Investment properties for sale in Devon
Other commercial property for sale in Devon
Pubs and hotel property for sale in Devon
Hotels for sale in Devon
Commercial property for sale in Devon

Description:

THE BUSINESS:

Oke Lodge Guest House & Hotel comprises three adjoining residential properties converted to provide accommodation in 21 letting rooms. The property is presented in good decorative order and has been run as a Guest House and Hotel for many years.

All of the bedrooms offer en-suite facilities and the property benefits from double glazed windows and gas central heating.

To the rear of the property is an enclosed garden whilst there is convenient off road parking for six vehicles to the front.

This is an exciting opportunity to acquire a significant freehold property which has a proven ability to produce substantial income as a Guest House & Hotel (details are available on request). Oke Lodge also offers the potential for alternative requirements including residential investment or redevelopment with conversion to flats or houses (subject to Planning). The property is available freehold with vacant possession (if required) on completion or as a “Going Concern”.

Location Details:

This substantial property is prominently situated in Okehampton Road within the St Thomas district of the city. Exeter’s City Centre is approximately a mile distant. Exe Bridges roundabout is in close proximity which provides good access to the major road networks of the A30 and Junction 30 of the M5. Exeter’s main railway station at St David’s is located in Bonhay Road off Exe Bridges roundabout.