HOLIDAY LETTING WITH CATERING ESTABLISHMENT - SEATON, CORNWALL
Price:
Freehold - £1,250,000
Location:
Cornwall, Seaton
Business Type:
Commercial Property, Hotels
We are delighted to be able to offer this unique opportunity to acquire a stunningly located investment comprising of 6 x commercial and 7 x residential units, all located in the highly sought after area of Seaton, Cornwall. Owner operated successfully for many years, with very little input, this rare freehold investment occupies a commanding position overlooking Seaton Sands and beyond. Early viewings are highly recommended
THE BUSINESS
- This investment has been owner operated successfully for a number of years but due to personal circumstances they have been deliberately restricting the operation to an income level of £93,000 (2010/11). Due to its location and high quality presentation, we feel that this would lend itself very favourably to holiday letting with an anticipated uplight of over £15,000 per month during summer months which would considerably increase the current annual turnover. Full management accounts will be made available following a successful formal viewing
All commercial and residential accommodation are currently let (apart from 1 commercial unit which is owner occupied for administrative purposes and this would allow any incoming owner additional uplift in income should this also be let)
ACCOMMODATION COMPRISES
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COMMERCIAL UNITS
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UNIT 1
- Fully licensed, with no tie, free house Bayside Bar and Grill with large verandah to front which has been fully enclosed with windows to three sides benefiting from stunning sea views (Currently Let)
UNIT 2
- Independent staircase leading up to first floor Restaurant/Bar with fully covered terrace and windows to three sides also benefiting from stunning sea views
UNIT 3
- General Store & Off Licence located on ground floor (Currently Let)
UNIT 4
- Shop/Office located on ground floor (Owner Occupied)
UNIT 5
- Hairdressing Salon located on ground floor (Currently Let)
UNIT 6
- Launderette located to the rear of the car park (Currently Let)
RESIDENTIAL UNITS
- These apartments enjoy full residential planning status although have been used for holiday lets in the past
UNIT 1
- One bedroom flat located on ground floor rear with small balcony and sea view (Tenanted/AST)
UNIT 2
- Two Bedroom flat located on first floor rear with small side balcony and sea view (Tenanted/AST)
UNIT 3
- Two Bedroom flat located on first floor front with balcony and sea view (Tenanted/AST)
UNIT 4
- Studio penthouse on second floor with balcony and sea view (Tenanted/AST)
UNIT 5
- Three bedroom semi-detached house with balcony and sea views (Tenanted/AST)
UNIT 6
- Three bedroom semi-detached house with balcony and sea views (Tenanted/AST)
UNIT 7
- One bedroom apartment located to the front of the second floor benefiting from balcony and sea views. This apartment is located above the Restaurant/Bar (Tenanted/AST)
OUTSIDE
- To side of property over large splayed entrance, is large car park for 9 vehicles
- Seaton is a highly sought after picturesque coastal village with sweeping beaches and ideally situated between Looe and Whitsands. Benefits from easy access onto the A38 and is within short commuting distance to both Liskeard and Plymouth. The investment enjoys private off road parking, coupled with being in a prime location within Seaton with all units benefiting from sea views and with two large car parks nearby
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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