Well Established Hotel In Cornwall
Price:
Freehold - £1,300,000
Location:
Cornwall, Boscastle
Preferred Commercial is delighted to offer for sale this old established hotel which dates back to around 1584 and which has been in our client's careful hands since 2001. The business is only now being placed on the market due to our client's wish to retire. The Riverside Hotel offers 5-star silver accommodation, evening meals and afternoon tea to the general public and generates a turnover in the region of £640,000 per annum with a gross profit of 69%. The hotel offers 14-bedrooms each finished to a very high standard and offering en-suite facilities, large flat screen TVs and WiFi access. Along with the dining room and restaurant, The Riverside Hotel boasts a 90 cover terrace which is extremely busy in the summer months with tourists sampling their famous Cornish Cream Teas. There is also a quality web site in place with information about the services offered and room availability. The current owner does not live on site and employ managers to run the hotel. A new owner, with a hands-on approach could increase the already impressive turnover even further. We feel this represents a unique opportunity to acquire a thriving well-established hotel and restaurant business in what has to be one of the most beautiful areas of Cornwall. Early discussions with Preferred Commercial must come highly recommended.
The Riverside Hotel occupies a prominent landmark position adjacent to the main bridge over the river in the charming village and fishing port of Boscastle, North Cornwall. The village is popular with tourists, who flock to the harbour and its picturesque surroundings. The hotel is surrounded by many complementary shops and business along with attractions such as the famous Museum of Witchcraft and the Boscastle Pottery Shop. The village is easily accesses via the B3263, which joins with the A39. Boscastle lies approximately 5 miles northeast of Tintagel and 14 miles south of Bude.
All year round 7.00am - 11.00pm
Imposing 3-storey stone built premises dating back to 1584, situated at the side of the river Valency. All rooms have en-suite facilities. Briefly comprising:
Ground Floor
• Large dining room with 24 covers
• Bar
• Restaurant with 28 covers
• Commercial kitchen, recently refitted,
• Preparation room
• Laundry
• Owners' lounge
First Floor
• Room 1: Double
• Room 2: Family
• Room 3: Double
• Room 4: Single
• Room 5: Double
• Room 6: Double
• Room 7: Twin
Second Floor
• Room 8: Manager's suite with sitting room, double bedroom with en-suite shower room
• Room 9: Double
• Room 10: Family
• Room 11: Double
• Room 12: Single
• Room 14: Family
• Room 15: Family
External
• Rear dining terrace overlooking the river and offering 90 covers
North Yorkshire
£ 750,000
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