Spectacular Period Hotel in Ilfracombe Devon
Price:
Freehold - £795,000
Location:
Devon, Ilfracombe
Preferred Commercial is delighted to offer for sale this popular hotel, which was established in 1880 and which has been in our client's careful hands since 1973. The hotel boasts 54 letting bedrooms catering for a total of 110 guests, and generates a turnover in the region of £700,000 per annum with a gross profit of 64%. The Grosvenor Hotel offers breakfast and evening meals and entertainment every night of the week. The hotel caters for everyone from independent travellers to coach parties and also hosts functions and themed breaks. The hotel has a large number of loyal return visitors and employs a dedicated team of staff. Our clients operate a rolling programme of refurbishment, with approximately half of the rooms now at 3 star deluxe standard. There is also a 2-bedroom manager's/owner's flat with lounge, kitchen and bathroom. We are advised that planning permission is in place to add a 120 person function room and 12 further bedrooms. An adjacent 3-bedroom luxury town house, currently used as owners' accommodation, is available by separate negotiation. We feel this represents an ideal opportunity to acquire one of Ilfracombe's largest hotels. Early discussions, with Preferred Commercial must come highly recommended.
The Grosvenor Hotel occupies a prominent trading location close to the centre of Ilfracombe in Devon. The hotel is ideally located for all the resort's amenities and attractions. Ilfracombe is a popular tourist resort and an ideal base from which to visit North Devon. The town grew up around its natural harbour and is steeped in maritime history. Seasonal ferries run to the famous Lundy Island, approximately 12 miles off the coast. Barnstaple lies approximately 11 miles to the south.
Substantial period property situated in the heart of the popular resort of Ilfracombe. Briefly comprising:
Ground Floor
• Reception
• Office
• Guests' lounge
• Lounge bar
• WCs
• Dining room
• Small function room,
• Well-equipped commercial kitchen • Manager's/Owner's apartment comprising lounge, kitchen, bathroom, 2 x bedrooms
• Store room
• Boiler room
• Cellar
Guest Accommodation
• 12 x family room with double and single beds and en-suite facilities
• 8 x twin rooms with 2 x single beds and en-suite facilities
• 19 x double rooms with en-suite facilities
• 11 x single rooms with en-suite facilities
• 4 x superior suites with en-suite facilities
External
• Off street parking for 6 cars in a compound opposite the hotel
North Yorkshire
£ 750,000
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